Cintas Corporation (NASDAQ: CTAS) on Friday, soared 0.78% from the previous trading day, before settling in for the closing price of $224.05. Within the past 52 weeks, CTAS’s price has moved between $136.87 and $228.12.
Here's Your FREE Report on the #1 Small-Cap Uranium Stock of '24.
Small-cap Uranium stocks are booming in 2024! The company we're about to show you is the ONLY small-cap stock in the space that benefits from ALL aspects of the global Uranium industry with none of the risks of running a mine. Smart investors will not be hesitating on this one!
Get the FREE Report with all the details here.
Sponsored
A company in the Industrials sector has jumped its sales by 6.94% annually for the last half of the decade. The company achieved an average annual earnings per share of 11.92%. With a float of $342.14 million, this company’s outstanding shares have now reached $405.01 million.
In an organization with 46500 employees, it is important to assess its efficiency. 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 Updates
Observing investor behavior towards Specialty Business Services industry stocks is more important than anything else. The insider ownership of Cintas Corporation is 15.17%, while institutional ownership is 64.02%. 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) Performance Highlights and Predictions
According to the Wall Street analysts, stocks earnings will be around 11.92% 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 9.41. Likewise, its price to free cash flow for the trailing twelve months is 50.59.
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 4.69 in one year’s time.
Technical Analysis of Cintas Corporation (CTAS)
Let’s dig in a bit further. During the last 5-days, its volume was 1.56 million. That was better than the volume of 1.45 million it reported in year-ago period. As of the previous 9 days, the stock’s Stochastic %D was 75.23%. Additionally, its Average True Range was 3.51.
During the past 100 days, Cintas Corporation’s (CTAS) raw stochastic average was set at 95.31%, which indicates a significant increase from 83.63% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 17.50% in the past 14 days, which was lower than the 18.77% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $212.36, while its 200-day Moving Average is $185.15. However, in the short run, Cintas Corporation’s stock first resistance to watch stands at $226.82. Second resistance stands at $227.86. The third major resistance level sits at $229.10. If the price goes on to break the first support level at $224.54, it is likely to go to the next support level at $223.30. Assuming the price breaks the second support level, the third support level stands at $222.26.
Cintas Corporation (NASDAQ: CTAS) Key Stats
Market capitalization of the company is 91.77 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.
