Analyst Expects Cintas Corporation (NASDAQ: CTAS) To Make Big Moves

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities.

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Stocks Info

As a NASDAQ listed company, CTAS falls under the Industrials sector while operating within the Specialty Business Services industry segment. The current market capitalization of Cintas Corporation is $74.55B. A total of 0.57 million shares were traded on the day, compared to an average of 409.59K shares.

In the most recent transaction, Schneider Todd M. bought 6,896 shares of CTAS for 763.06 per share on Jul 29 ’24. In a previous transaction on Jul 29 ’24, Schneider Todd M. sold 6,896 shares at 764.05 per share. CTAS shares that CEO and Director owns now total 146,936.

Among the insiders who sold shares, Adolph Gerald S disposed of 1,100 shares on Jul 24 ’24 at a per-share price of $765.72. This resulted in the Director holding 31,452 shares of CTAS after the transaction. In another insider transaction, TYSOE RONALD W sold 2,291 shares at $693.95 per share on May 07 ’24. Company shares held by the Director now total 6,655.

Dividend

Investors prefer companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook. Cintas Corporation pays an annual dividend of $5.40, resulting in a dividend yield of 0.73%, and it has a price to earnings (P/E) ratio of 48.83. CTAS’s most recent ex-dividend date was 8/15/2024 when it declared a $1.56 quarterly dividend that was paid in cash on 9/3/2024. Previously, the company paid the dividend on 6/14/2024 with an ex-dividend date of 5/14/2024. The CTAS stock dividend was $1.35 per share in cash.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, CTAS has a high of $773.95 and a low of $474.74.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s 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 $42.63, 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 3.78.

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