Why Cintas Is Plunging Today

Shares of professional uniform company (NASDAQ: CTAS) plunged 9.3% on Thursday as of 12 p.m. EDT.

Cintas has been a long-term winner in the market and, prior to the past week, had been up some 50% on the year. However, the past week's inflation scare and last night's "disappointing" earnings report sent shares tumbling today.

At first glance, one might be confused as to why investors had such a negative reaction to these numbers. Revenue was up 7.8% to $2.56 billion, in line with expectations, while earnings per share (EPS) expanded 21.1% to $1.09, ahead of expectations.

Source Fool.com

Cintas Corp. Aktie

Cintas Corp. kann heute leichte Zuwächse vorweisen. Die Aktie notiert im Vergleich zu gestern um 0,15 % höher.
Die Community bevorzugt leicht Cintas Corp., mit etwas mehr Buy- (11) als Sell-Einschätzungen (3).
Das Kursziel von 195 € für Cintas Corp. impliziert eine leichte Steigerung gegenüber dem aktuellen Kurs von 175.7 €.

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