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Analysts Lift Price Targets on Cintas After Strong Earnings Beat

MarketDash Editorial Team
7 hours ago
Cintas Corporation topped Wall Street's expectations with its second-quarter results and raised its full-year guidance, prompting analysts to boost their price targets on the uniform and facilities services provider.

Cintas Corporation (CTAS) delivered a solid quarter that had analysts reaching for their spreadsheets to update their models. The company posted better-than-expected results on Thursday and bumped up its full-year outlook, giving Wall Street some fresh optimism about the uniform and facilities services provider.

The numbers tell a straightforward story of modest outperformance. Cintas reported second-quarter earnings of $1.21 per share, edging past the consensus estimate of $1.20. More impressive was the revenue line: quarterly sales hit $2.80 billion, marking 9.3% year-over-year growth and beating analyst expectations of $2.766 billion.

Management clearly felt confident enough to raise the bar for the full fiscal year 2026. The company lifted its GAAP earnings per share guidance to a range of $4.81 to $4.88, up from the previous forecast of $4.74 to $4.86. That compares to the analyst consensus of $4.85. On the revenue side, Cintas now expects fiscal 2026 sales between $11.150 billion and $11.220 billion, up from the prior range of $11.060 billion to $11.180 billion and slightly above the Street estimate of $11.151 billion.

Despite the upbeat results, shares dipped 1.3% to $187.50 on Friday, a reminder that sometimes good news is already baked into the price.

The earnings report prompted a couple of analysts to adjust their price targets. Baird analyst Andrew Wittmann maintained his Neutral rating but raised his price target from $220 to $225. Meanwhile, Wells Fargo analyst Jason Haas also stuck with an Equal-Weight rating while boosting his target from $185 to $205. Both moves suggest analysts see value in the improved outlook, even if they're not ready to pound the table just yet.

Back to News

Analysts Lift Price Targets on Cintas After Strong Earnings Beat

MarketDash Editorial Team
7 hours ago
Cintas Corporation topped Wall Street's expectations with its second-quarter results and raised its full-year guidance, prompting analysts to boost their price targets on the uniform and facilities services provider.

Cintas Corporation (CTAS) delivered a solid quarter that had analysts reaching for their spreadsheets to update their models. The company posted better-than-expected results on Thursday and bumped up its full-year outlook, giving Wall Street some fresh optimism about the uniform and facilities services provider.

The numbers tell a straightforward story of modest outperformance. Cintas reported second-quarter earnings of $1.21 per share, edging past the consensus estimate of $1.20. More impressive was the revenue line: quarterly sales hit $2.80 billion, marking 9.3% year-over-year growth and beating analyst expectations of $2.766 billion.

Management clearly felt confident enough to raise the bar for the full fiscal year 2026. The company lifted its GAAP earnings per share guidance to a range of $4.81 to $4.88, up from the previous forecast of $4.74 to $4.86. That compares to the analyst consensus of $4.85. On the revenue side, Cintas now expects fiscal 2026 sales between $11.150 billion and $11.220 billion, up from the prior range of $11.060 billion to $11.180 billion and slightly above the Street estimate of $11.151 billion.

Despite the upbeat results, shares dipped 1.3% to $187.50 on Friday, a reminder that sometimes good news is already baked into the price.

The earnings report prompted a couple of analysts to adjust their price targets. Baird analyst Andrew Wittmann maintained his Neutral rating but raised his price target from $220 to $225. Meanwhile, Wells Fargo analyst Jason Haas also stuck with an Equal-Weight rating while boosting his target from $185 to $205. Both moves suggest analysts see value in the improved outlook, even if they're not ready to pound the table just yet.