Cintas Corporation (NASDAQ: CTAS) on Tuesday, soared 0.26% from the previous trading day, before settling in for the closing price of $208.59. Within the past 52 weeks, CTAS’s price has moved between $124.07 and $215.37.
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It was noted that within the last five years, the titan of the Industrials sector saw sales topped by 6.94%. The company achieved an average annual earnings per share of 11.80%. With a float of $342.37 million, this company’s outstanding shares have now reached $405.01 million.
The extent of productivity of a business whose workforce counts for 46500 workers is very important to gauge. 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 and Institutional Ownership
Observing investor behavior towards Specialty Business Services industry stocks is more important than anything else. The insider ownership of Cintas Corporation is 15.11%, while institutional ownership is 64.44%. 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) Latest Financial update
As on 8/31/2024, Multinational firm has announced its last quarter scores, in which it reported 0.9 earnings per share (EPS) for the period topping the consensus outlook (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
Cintas Corporation (CTAS) is currently performing well based on its current performance indicators. A quick ratio of 0.75 was reported for the most recent quarter. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 8.65. Likewise, its price to free cash flow for the trailing twelve months is 46.50.
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)
The latest stats from [Cintas Corporation, CTAS] show that its last 5-days average volume of 1.05 million was inferior to 1.46 million than last year’s volume. As of the previous 9 days, the stock’s Stochastic %D was 15.11%. Additionally, its Average True Range was 3.03.
During the past 100 days, Cintas Corporation’s (CTAS) raw stochastic average was set at 86.43%, which indicates a significant increase from 36.17% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 13.65% in the past 14 days, which was lower than the 16.83% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $204.69, while its 200-day Moving Average is $177.83. Now, the first resistance to watch is $210.32. This is followed by the second major resistance level at $211.51. The third major resistance level sits at $213.18. If the price goes on to break the first support level at $207.47, it is likely to go to the next support level at $205.80. The third support level lies at $204.61 if the price breaches the second support level.
Cintas Corporation (NASDAQ: CTAS) Key Stats
Market capitalization of the company is 84.35 billion based on 403,299K outstanding shares. Right now, sales total 9,597 M and income totals 1,572 M. The company made 2,502 M in profit during its latest quarter, and 452,030 K in sales during its previous quarter.
