Is Cintas Corporation (NASDAQ: CTAS) Still On The Rise?

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Yahoo Finance discussed the stock recently as it posted Cintas Is Recognized as One of Newsweek’s America’s Greatest Workplaces for Diversity 2024.

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Stocks Info

This NASDAQ-listed company operates within the Specialty Business Services industry segment, falling under the Industrials sector. The current market capitalization of Cintas Corporation is $68.50B. A total of 0.52 million shares were traded on the day, compared to an average of 342.03K shares.

In the most recent transaction, Hansen J. Michael sold 9,774 shares of CTAS for 596.91 per share on Dec 22 ’23. After the transaction, the VP & CFO now owns 37,732 company shares. In a previous transaction on Oct 13 ’23, Barstad Melanie W. sold 1,968 shares at 514.17 per share. CTAS shares that Director owns now total 6,250.

Among the insiders who sold shares, Thompson Michael Lawrence disposed of 5,050 shares on Aug 02 ’23 at a per-share price of $498.35. This resulted in the Executive Vice President & CAO holding 27,326 shares of CTAS after the transaction. In another insider transaction, SCAMINACE JOSEPH sold 2,084 shares at $516.86 per share on Jul 26 ’23. Company shares held by the Director now total 11,001.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Cintas Corporation pays an annual dividend of $5.20, resulting in a dividend yield of 0.77%, and it has a price to earnings (P/E) ratio of 46.63. CTAS’s most recent ex-dividend date was 2/14/2024 when it declared a $1.35 quarterly dividend that was paid in cash on 3/15/2024. Previously, the company paid the dividend on 12/15/2023 with an ex-dividend date of 11/14/2023. The CTAS stock dividend was $1.35 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. In terms of 52-week highs and lows, CTAS has a high of $704.84 and a low of $438.59.

As of this writing, CTAS has an earnings estimate of $3.8 per share for the current quarter. EPS was calculated based on a consensus of 16 estimates, with a high estimate of $3.89 per share and a lower estimate of $3.71. The company reported an EPS of $3.61 in the last quarter, which was 3.40% higher than expectations of $3.49.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. CTAS’s latest balance sheet shows that the firm has $90.47M in Cash & Short Term Investments as of fiscal 2022. There were $2.97B in debt and $1.43B in liabilities at the time. Its Book Value Per Share was $41.74, while its Total Shareholder’s Equity was $3.31B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for CTAS is Buy with a score of 4.06.

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