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Why Cintas Is Plunging Today

TheMotleyFool 
0 0 19.12.24
Why Cintas Is Plunging TodayPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png
 

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.

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Source Fool.com

Cintas Corp. Stock

€175.60
-0.140%
The price for the Cintas Corp. stock decreased slightly today. Compared to yesterday there is a change of -€0.240 (-0.140%).
Currently there is a rather positive sentiment for Cintas Corp. with 11 Buy predictions and 3 Sell predictions.
As a result the target price of 195 € shows a slightly positive potential of 11.05% compared to the current price of 175.6 € for Cintas Corp..
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