Cintas Analysts Slash Their Forecasts Following Q1 Results

Core Insights - Cintas Corporation reported stronger-than-expected first-quarter sales and expanding margins, with earnings per share of $1.20 and quarterly sales of $2.718 billion, reflecting an 8.7% year-over-year increase [1] - The revenue growth was positively impacted by 0.9% due to acquisitions [1] Financial Guidance - The company raised its fiscal 2026 GAAP EPS guidance to a range of $4.74–$4.86 from $4.71–$4.85, slightly above the consensus estimate of $4.86 [2] - Cintas also increased its fiscal 2026 sales outlook to $11.06 billion–$11.18 billion from $11.00 billion–$11.15 billion, compared to the previous estimate of $11.113 billion [2] Stock Performance - Following the earnings announcement, Cintas shares gained 1.7%, reaching $203.34 [2] Analyst Ratings and Price Targets - JP Morgan analyst Andrew Steinerman maintained an Overweight rating but lowered the price target from $246 to $230 [5] - Wells Fargo analyst Jason Haas maintained an Equal-Weight rating and cut the price target from $221 to $218 [5] - RBC Capital analyst Ashish Sabadra maintained a Sector Perform rating and lowered the price target from $240 to $206 [5]