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Cintas Corporation (CTAS) Soars to 52-Week High, Time to Cash Out?
ZACKS· 2024-08-01 14:15
Have you been paying attention to shares of Cintas (CTAS) ? Shares have been on the move with the stock up 8.7% over the past month. The stock hit a new 52-week high of $773.95 in the previous session. Cintas has gained 26.8% since the start of the year compared to the 9% move for the Zacks Industrial Products sector and the 25.7% return for the Zacks Uniform and Related industry. What's Driving the Outperformance? The stock has an impressive record of positive earnings surprises, as it hasn't missed our ea ...
Q3's Rising Stars: 3 S&P 500 Stocks for Your Must-Watch List
Investor Place· 2024-07-31 10:15
It's possible to beat the index if you pick the right stocks within the index. These three S&P 500 stocks look poised to outperform the index itself. Iron Mountain (NYSE:IRM) offers physical and data storage for numerous corporations, including 90% of Fortune 1,000 Companies. The firm serves more than 240,000 customers and has a history of outperforming the S&P 500. Shares are up by 44% year-to-date, and they have more than tripled over the past five years. Wall Street analysts believe the stock can rally h ...
Stock Split Summer: The 3 Next Companies Investors Should Be Watching
Investor Place· 2024-07-30 17:29
Plus, retail investors tend to view stocks differently after a split. Importantly, that newfound attention often translates into a nice valuation bump for the stock that split. MicroStrategy (MSTR) MicroStrategy (NASDAQ:MSTR) has been flying high after the recent Bitcoin (BTC-USD) rebound. Notably, I think this is a crypto stock that can definitely surge higher. That's particularly true if this recent crypto bull market persists. Personally, I think chasing MSTR right now is risky. The stock has already soa ...
Cintas(CTAS) - 2024 Q4 - Annual Report
2024-07-25 18:01
On May 2, 2024, the Company announced a 4-for-1 split of its common stock. Shareholders of record, as of September 4, 2024, will receive three additional shares for each share held, which will be distributed after market close on September 11, 2024. The Company's shares are expected to begin trading on a post-split basis at the market open on September 12, 2024. Note 12. Stock-Based Compensation The fair value of options was estimated at the date of grant using a Black-Scholes option-pricing model with the ...
4 Stocks That Recently Hiked Dividends in Focus
ZACKS· 2024-07-25 14:35
Markets were on a rally in the first half of this year after a solid 2023. However, volatility has returned to Wall Street and all three major indexes have retreated from their record highs in the past two weeks. Tech stocks, which drove the rally in the first half, have been particularly taking a hit. On Jul 24, all three major stock indexes dropped significantly, with the S&P 500 and Nasdaq experiencing their biggest declines since 2022. The S&P 500 slid 2.31%, closing at 5,427.13 points, while the Nasdaq ...
Cintas (CTAS) is a Top-Ranked Momentum Stock: Should You Buy?
ZACKS· 2024-07-23 14:51
Zacks Premium also includes the Zacks Style Scores. Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on. Growth Score The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you be ...
Are You Looking for a Top Momentum Pick? Why Cintas (CTAS) is a Great Choice
ZACKS· 2024-07-22 17:01
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Below, we take a look at Cintas (CTAS) , a ...
Cintas Analysts Boost Their Forecasts After Better-Than-Expected Earnings
Benzinga· 2024-07-19 17:50
Loading... "Strong cash generation continued to fuel our balanced capital allocation strategy, focusing on new products and services for our customers and new technology to further enhance our position for the long-term, investing in strategic acquisitions and on returning capital to shareholders," said Todd M. Schneider, Cintas' President and Chief Executive Officer. These analysts made changes to their price targets on Cintas following the announcement. Loading... Cintas reported fourth-quarter earnings p ...
Cintas Corporation: Still A Bad Fit, Even In Light Of Great News
Seeking Alpha· 2024-07-19 04:55
JHVEPhoto July 18th ended up being a really great day for shareholders of Cintas Corporation (NASDAQ:CTAS). The company, which focuses on renting out and selling uniforms to businesses, not to mention other products and services like restroom supplies, mops, first aid kits, and more, saw its shares spike by 5.4%. This was in response to management reporting financial results for the final quarter of the company's 2024 fiscal year and providing guidance for what 2025 might look like. Based on management's ow ...
Cintas Shares Hit a Record High Thursday—Here's Why
Investopedia· 2024-07-18 22:10
Key Takeaways Cintas beat profit and sales estimates and gave strong fiscal 2025 guidance as it added new customers, sold more to existing customers, and reduced expenses. Revenue was up 8.2% to an all-time high of $2.47 billion. The news sent shares into record territory, leaving them up some 30% this year. Shares of Cintas (CTAS) traded at an all-time high Thursday, extending a strong year, after the business supplies company reported better-than-expected results and gave an upbeat outlook. The provider o ...