On July 28, Cintas rose 3.08% in regular trading, trading at $218.34/share, with turnover of $119 million. The advance was driven by better-than-expected forward guidance and a wave of analyst upgrades.
Cintas issued FY2027 revenue guidance of $12.1 billion to $12.25 billion, surpassing the market consensus estimate of $12.07 billion. The upper end of its adjusted EPS guidance at $5.50 also exceeded analyst expectations. Following the release, Wells Fargo raised its target price to $250 while maintaining an overweight rating, Argus lifted its target to $230 with a buy rating, and Rothschild raised its target to $198.
For context, the company reported fiscal Q3 EPS of $1.24 on revenue of $2.841 billion earlier this year, both beating estimates. The company also announced a $5.5 billion acquisition of UniFirst, which UBS estimates will be approximately 10% accretive to EPS by year four, providing a longer-term growth catalyst.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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