Cintas shares rose to a new high on Wednesday after the provider of corporate identity uniforms and other items said late Tuesday that fiscal Q4 sales rose 11.3% to $1.27 billion from the year-ago level and were above the CapIQ mean for $1.25 billion. CTAS was up 12% at $108.79, recently, having earlier traded as high as $108.97. The 52-week low is at $78.00.
In the quarter ended May 31, earnings from continuing operations was $1.08 compared to $0.86 last year and above estimates for $1.01.
FY17 sales are seen between $5.15 billion to $5.23 billion and EPS from continuing operations to be in the range of $4.35 to $4.45. Forecasts are for sales of $5.17 billion and EPS of $4.30 normalized and $4.32 GAAP.
