Latest news with #Cintas
CNBC
3 hours ago
- Business
- CNBC
Jim Cramer analyzes stocks that recently hit new 52-week highs
CNBC's Jim Cramer suggested it's helpful to consider stocks sitting at new 52-week highs to better understand market trends and themes. He picked out several companies that have recently made the "new high" list which he thinks are indicative of the mood on Wall Street. "You can learn a lot about a market from looking at the stocks that make it to the 52-week high list," he said. "It's a rarefied group by nature, and it speaks loudly about what works and, of course, what doesn't." Cramer was not surprised there aren't many major tech names that have reached new highs recently. He said the group is dragged down by trade tensions between the U.S. and China, which makes rare earth magnets vital to electronics. However, semiconductor giant Broadcom managed to make the list, along with two smaller companies related to the ever-popular data center trend — hard drive maker Seagate and Johnson Controls, which makes cooling systems. Wall Street street favors subscription model businesses, Cramer surmised, which explains recent gains for streamers Netflix and Spotify. Uniform-maker Cintas has also hit a new high, and while it's not necessarily considered a subscription business, Cramer pointed out that the company usually signs five-year contracts. Cintas also sells other equipment to many blue-collar employers, like first aid and safety gear, and so Cramer claimed the stock's success is a good sign for the broader economy. There are several outliers on the list that don't fit a clear theme, such as DoorDash, eBay, Roblox, GE Aerospace and Mosaic, Cramer added. "At the end of the day, this new high list is an eclectic group of stocks, mostly geared to U.S. venues. That makes sense, given the trade war," he said. "I'd be a buyer of any of these names down 5 to 8% from these levels. That is my favorite percentage to start a position on a red hot stock, and not before then." Click here to download Jim Cramer's Guide to Investing at no cost to help you build long-term wealth and invest The CNBC Investing Club Charitable Trust owns shares of Broadcom.
Business Journals
6 hours ago
- Business
- Business Journals
Why young professionals choose to grow their careers at Cintas
Today's workforce is rapidly evolving, with a significant portion made up of younger individuals. According to the U.S. Department of Labor, 54% of the workforce in the U.S. is made up of Gen Z and millennial employees. Young professionals face many unique obstacles, and as the workforce continues to evolve, it's imperative that companies continue to adapt and make themselves a place where young professionals feel valued, can develop their careers and be a part of something meaningful. At Cintas, they have been leading the way in this regard, and it hasn't gone unnoticed. This year, Cintas was named to Newsweek's America's Greatest Workplaces for Gen Z and Forbes' list of America's Best Employers for New Grads, awards that are earned from an extensive evaluation process, which involves interviews with current and former employee-partners and peers in the industry. Hiring and meeting the needs of young professionals is vital to an organization's future, not to mention the new perspectives and fresh drive they can bring to an organization and its culture. Beth Barney, vice president of talent acquisition at Cintas, knows this to be true, and she and her team are helping to lead the charge in drawing young professionals to Cintas. 'We keep growing as an organization, so we have to continue to hire all sorts of young talent,' said Barney. 'I believe as a company we need to have people who think differently, have different experiences, and have different viewpoints. Young professionals, especially, have new insights, new ideas, and different ways of thinking, and that is how we'll continue to be innovative.' expand The saying often goes, 'If it ain't broke, don't fix it,' but that doesn't mean a company shouldn't consider trying new methods or tactics. Young professionals who are just starting their careers often bring forward-thinking solutions and perspectives, entering with a clean slate. 'Some people have a pet peeve when they hear, 'Well, this is how we've always done it,'' said Barney. 'Young professionals don't have that lens. They're coming in with fresh ideas, enthusiasm, resiliency, and they're unbiased, if you will. They could be the ones to bring the next best idea.' But what makes Cintas an excellent workplace for young professionals? Firstly, it provides guidance and resources to help them navigate their career, along with a variety of opportunities for growth. 'Cintas provides young professionals with development and guidance that I think is really helpful when you're new and starting out your career and need help understanding how to navigate a company,' said Barney. 'We also have such a variety of diverse opportunities for employee-partners to choose from, and if you decide you want to change paths, you can switch jobs completely without having to change companies. You can continue to build your brand without having to start over somewhere else. 'On top of that, we have tremendous benefits and very attractive total compensation. Those who are new to the workforce are looking to work for a company that they can trust and one that does things the right way, and that's at the core of our culture, that's our DNA. Do things with high morals and ethics.' Development programs for young professionals Along with mentorship and a career jungle gym, where you can move from various positions within the company, Cintas offers several different programs for young professionals, including its internship, Management Trainee (MT), and apprenticeship programs. The internship program provides students who are beginning to think about their careers with hands-on experience and exposure to all facets of the business. The MT program offers immersive, hands-on training across all company operations, supplying trainees with essential tools and resources for success. After finishing the MT program, trainees are prepared to leverage their strengths and enhance their career advancement. The apprenticeship program is for those looking to work in maintenance positions at Cintas. It's a way for people with technical abilities who want to learn additional skills to enter and acquire those trade skills, allowing them to take on higher-level roles within the company. expand These programs and offerings have helped shape many of Cintas' current leaders and garnered recognition from publications like Newsweek and Forbes. 'When a third party like Newsweek and Forbes, expert resources in this area, acknowledge us for being a great place for young professionals, it's great because it lets them know they can trust us and that we have that credibility,' said Barney. 'It helps us tell our story and promote what we already believe and know about ourselves, which is that we are an employer of choice.' The impact and scope of Cintas' programs go beyond the surface and are part of what make the company stand out as a place where young people want to start and grow their careers. 'It can be hard to explain to people everything Cintas does until you get here and see what we are all about,' said Barney. 'What we do is truly special. We help a million businesses every day. We help people have jobs, which allows them to live their lives. That's really meaningful. So, at first, people might think of our trucks and delivering things, but it's really much more than that.' Investing in young professionals means not only supporting the culture and future of Cintas but also fostering the careers of those who uphold it.
Yahoo
a day ago
- Business
- Yahoo
Is Cintas (CTAS) Outperforming Other Business Services Stocks This Year?
For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Cintas (CTAS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Business Services sector should help us answer this question. Cintas is one of 271 companies in the Business Services group. The Business Services group currently sits at #3 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Cintas is currently sporting a Zacks Rank of #2 (Buy). Within the past quarter, the Zacks Consensus Estimate for CTAS' full-year earnings has moved 1.8% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving. Our latest available data shows that CTAS has returned about 24.6% since the start of the calendar year. Meanwhile, the Business Services sector has returned an average of -0.9% on a year-to-date basis. As we can see, Cintas is performing better than its sector in the calendar year. Another Business Services stock, which has outperformed the sector so far this year, is ABM Industries (ABM). The stock has returned 3% year-to-date. In ABM Industries' case, the consensus EPS estimate for the current year increased 1.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy). To break things down more, Cintas belongs to the Business - Services industry, a group that includes 26 individual companies and currently sits at #36 in the Zacks Industry Rank. Stocks in this group have gained about 18% so far this year, so CTAS is performing better this group in terms of year-to-date returns. ABM Industries is also part of the same industry. Cintas and ABM Industries could continue their solid performance, so investors interested in Business Services stocks should continue to pay close attention to these stocks. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cintas Corporation (CTAS) : Free Stock Analysis Report ABM Industries Incorporated (ABM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
3 days ago
- Business
- Yahoo
3 Large-Cap Stocks Worth Investigating
Large-cap stocks have the power to shape entire industries thanks to their size and widespread influence. With such vast footprints, however, finding new areas for growth is much harder than for smaller, more agile players. This dynamic can trouble even the most skilled investors, but luckily for you, we started StockStory to help you navigate these trade-offs and uncover exceptional companies that break the mold. That said, here are three large-cap stocks with attractive long-term potential. Market Cap: $70.12 billion Founded in 2013 by three French engineers who spent decades working for Oracle, Snowflake (NYSE:SNOW) provides a data warehouse-as-a-service in the cloud that allows companies to store large amounts of data and analyze it in real time. Why Could SNOW Be a Winner? Billings have averaged 26.5% growth over the last year, showing it's securing new contracts that could potentially increase in value over time Net revenue retention rate of 126% demonstrates its ability to expand within existing accounts through upsells and cross-sells Market share will likely rise over the next 12 months as its expected revenue growth of 24.3% is robust Snowflake is trading at $210.25 per share, or 14.6x forward price-to-sales. Is now a good time to buy? See for yourself in our in-depth research report, it's free. Market Cap: $109.3 billion With over 90 years of connecting the world's technologies, Amphenol (NYSE:APH) designs and manufactures connectors, cables, sensors, and interconnect systems that enable electrical and electronic connections across virtually every industry. Why Do We Love APH? Annual revenue growth of 15.2% over the last two years was superb and indicates its market share increased during this cycle Dominant market position is represented by its $16.78 billion in revenue and gives it fixed cost leverage when sales grow Earnings per share grew by 19% annually over the last five years, massively outpacing its peers At $90.95 per share, Amphenol trades at 37.9x forward P/E. Is now the right time to buy? Find out in our full research report, it's free. Market Cap: $91.53 billion Starting as a family business collecting and cleaning shop rags in Cincinnati, Cintas (NASDAQ:CTAS) provides corporate identity uniforms, facility services, and safety products to over one million businesses across North America. Why Will CTAS Outperform? Offerings and unique value proposition resonate with customers, as seen in its above-market 8.6% annual sales growth over the last two years Adjusted operating margin profits increased over the last five years as the company gained some leverage on its fixed costs and became more efficient Robust free cash flow margin of 16.4% gives it many options for capital deployment, and its rising cash conversion increases its margin of safety Cintas's stock price of $226.44 implies a valuation ratio of 48.7x forward P/E. Is now the time to initiate a position? See for yourself in our full research report, it's free. The market surged in 2024 and reached record highs after Donald Trump's presidential victory in November, but questions about new economic policies are adding much uncertainty for 2025. While the crowd speculates what might happen next, we're homing in on the companies that can succeed regardless of the political or macroeconomic environment. Put yourself in the driver's seat and build a durable portfolio by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,754% five-year return). Find your next big winner with StockStory today for free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
3 days ago
- Business
- Business Wire
Cintas Corporation Climbs 10 Spots on the Fortune 500 List
CINCINNATI--(BUSINESS WIRE)-- Cintas Corporation (Nasdaq: CTAS) has maintained its status as a Fortune 500 company for the eighth consecutive year, coming in at 427. Cintas has improved its position in the Fortune 500 rankings, rising 10 spots. To qualify for the Fortune 500 list, the magazine considers U.S.-based companies that submit financial statements to a government agency. Companies are then ranked based on their total revenues for their respective fiscal years as of January 31, 2025. Cintas' most recent fully disclosed fiscal year, FY24, ended on May 31, 2024. During that year, the company recorded revenues of $9.60 billion, an 8.9% increase from its fiscal year 2023 performance of $8.82 billion. 'Sustaining this honor for eight consecutive years speaks volumes to the dedication of our more than 46,000 employee-partners and the exceptional service they provide to our customers,' said Todd Schneider, President and CEO of Cintas. 'We take pride in the trust our customers place in us, allowing their businesses to remain ready for the workday. It's an honor for us to be recognized amongst some of the best and most successful companies in the country.' Cintas concluded its fiscal year, FY25, on May 31, 2025, and will report on the full-year results in July 2025. In the first three quarters of disclosed FY'25 earnings, Cintas reported revenues of $7.67 billion. This amount exceeded the equivalent FY'24 revenues of $7.13 billion by 7.57%. About Cintas Corporation Cintas Corporation helps more than one million businesses of all types and sizes get Ready™ to open their doors with confidence every day by providing products and services that help keep their customers' facilities and employees clean, safe, and looking their best. With offerings including uniforms, mats, mops, towels, restroom supplies, workplace water services, first aid and safety products, eye-wash stations, safety training, fire extinguishers, sprinkler systems and alarm service, Cintas helps customers get Ready for the Workday®. Headquartered in Cincinnati, Cintas is a publicly held Fortune 500 company traded over the Nasdaq Global Select Market under the symbol CTAS and is a component of both the Standard & Poor's 500 Index and Nasdaq-100 Index.
