Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
- Cintas Corp (NASDAQ:CTAS) reported third-quarter revenue growth of 10.3% year-over-year to $1.96 billion and +10% on an organic basis, beating the consensus of $1.91 billion.
- Adjusted EPS was $2.69 for the quarter, which beat the consensus of $2.43.
- The operating income increased 24.9% Y/Y to $407.61 million, and the margin expanded by 242 bps to 20.8%. Total gross margin expanded by 20 bps to 45.8%.
- Cintas generated cash from operating activities year-to-date of $987.06 million, compared to $904.82 million a year ago. Free cash flow was $821.2 million.
- The company held $84.14 million in cash and equivalents as of February 28, 2022.
- 4Q22 Outlook: CTAS expects revenue of $1.96 billion - $2.02 billion (consensus $1.96 billion), and EPS of $2.54 - $2.74 (consensus $2.63).
- Price Action: CTAS shares are trading higher by 2.13% at $401.38 on Wednesday's last check.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!