On Friday, Cintas Corporation (NASDAQ: CTAS) opened higher 0.09% from the last session, before settling in for the closing price of $213.82. Price fluctuations for CTAS have ranged from $123.65 to $215.37 over the past 52 weeks.
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Industrials Sector giant saw their annual sales surged by 6.94% over the last five years. Company’s average yearly earnings per share was noted 11.80% at the time writing. With a float of $342.37 million, this company’s outstanding shares have now reached $405.01 million.
The firm has a total of 46500 workers. Let’s measure their productivity. In terms of profitability, gross margin is 48.33%, operating margin of 21.82%, and the pretax margin is 20.85%.
Cintas Corporation (CTAS) Insider Activity
A key investor’s attitude towards the stock of the Specialty Business Services industry is another important factor to consider. The insider ownership of Cintas Corporation is 15.11%, while institutional ownership is 64.56%. The most recent insider transaction that took place on Jul 29 ’24, was worth 5,268,889. In this transaction CEO and Director of this company sold 6,896 shares at a rate of $764.05, taking the stock ownership to the 146,936 shares. Before that another transaction happened on Jul 29 ’24, when Company’s Officer proposed sale 6,896 for $763.06, making the entire transaction worth $5,262,062.
Cintas Corporation (CTAS) Earnings and Forecasts
If we go through the results of last quarter, which was made public on 8/31/2024, the company posted 0.9 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.87) by 0.03. Wall Street market experts anticipate that the next fiscal year will bring earnings of 1.0 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around 11.80% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 12.00% during the next five years compared to 13.70% growth over the previous five years of trading.
Cintas Corporation (NASDAQ: CTAS) Trading Performance Indicators
Check out the current performance indicators for Cintas Corporation (CTAS). In the past quarter, the stock posted a quick ratio of 0.75. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.85. Likewise, its price to free cash flow for the trailing twelve months is 47.59.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 3.96, a number that is poised to hit 1.01 in the next quarter and is forecasted to reach 4.68 in one year’s time.
Technical Analysis of Cintas Corporation (CTAS)
Analysing the last 5-days average volume posted by the [Cintas Corporation, CTAS], we can find that recorded value of 1.16 million was lower than the volume posted last year of 1.48 million. As of the previous 9 days, the stock’s Stochastic %D was 89.87%. Additionally, its Average True Range was 3.19.
During the past 100 days, Cintas Corporation’s (CTAS) raw stochastic average was set at 97.32%, which indicates a significant increase from 89.77% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.49% in the past 14 days, which was lower than the 16.86% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $202.07, while its 200-day Moving Average is $175.62. Now, the first resistance to watch is $214.54. This is followed by the second major resistance level at $215.05. The third major resistance level sits at $215.91. If the price goes on to break the first support level at $213.17, it is likely to go to the next support level at $212.31. Should the price break the second support level, the third support level stands at $211.80.
Cintas Corporation (NASDAQ: CTAS) Key Stats
There are currently 101,463K shares outstanding in the company with a market cap of 86.31 billion. Presently, the company’s annual sales total 9,597 M according to its annual income of 1,572 M. Last quarter, the company’s sales amounted to 2,502 M and its income totaled 452,030 K.
