Cintas Corp. CTAS has been obtaining significant attention with stocks demonstrating consistent outperformance. The
stock has experienced respectable growth surpassing its
200 Day moving average of
$609.91. Shareholders have enjoyed a
28% CAGR over the past five years, while institutional investors have also significantly invested, owning
65% of the company. The corporation has exceeded analyst's earnings expectations and has consequently increased its FY24 guidance. It recently announced a
1:4 share split and has decided to maintain its quarterly
dividend at
$1.35. The
third-quarter revenues and earnings surpassed predictions with net EPS of
$3.84 and total revenue standing at
$2.41 billion. Additionally,
Cintas Corp has also announced the acquisition of
Paris Uniform Services to boost its product portfolio. While performing strongly, the corporation has had instances of underperformance when compared to competitors. There are also concerns about some insider transactions, however, the noted robust balance sheet is assuring investors. Financial prospects appear strong, making the stock an inviting opportunity.
Cintas Corp CTAS News Analytics from Tue, 26 Sep 2023 07:00:00 GMT to Sat, 18 May 2024 07:52:00 GMT -
Rating 8
- Innovation 6
- Information 9
- Rumor -6
