12:31 PM EDT, 09/11/2024 (MT Newswires) -- Cintas ( CTAS ) is poised to continue delivering "above-industry" revenue growth, but employment slowdown and normalized pricing could potentially weigh on growth ahead, RBC Capital Markets said in a Tuesday note.

RBC attributed the company's revenue growth to solid execution, cross-selling, and focus on verticals that are resilient against recession. Meanwhile, margin expansion drivers include Cintas' ( CTAS ) digital transformation initiatives, topline growth, operational improvements, and strategic partnerships, the investment firm added.

Cintas ( CTAS ) is expected to report top fiscal Q1 expectations and potentially raise guidance for fiscal 2025 earnings per share, the analysts said ahead of the company's Q1 results expected on Sept. 24..

RBC maintained its sector perform rating on Cintas ( CTAS ), with a price target of $725.

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