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Stock Alert: Cintas Hits 52-Week High

Shares of Cintas Corp. (CTAS) touched a 52-week high of $308.18 Thursday morning, after the company reported better-than-expected Q4 results. CTAS is currently trading at $298.99, up $9.63 or 3.33%.

The company reported Q4 net income from continuing operations of $144.6 million or $1.35 per share compared to $226.2 million or $2.06 per share last year.

Revenue for the fourth quarter of fiscal 2020 was $1.62 billion, a decrease of 9.7% over last year's fourth quarter.

Analysts polled by Thomson Reuters expected earnings of $1.21 per share on revenue of $1.56 billion for the quarter. Analysts' estimate typically exclude certain special items.

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