Cintas rises on upbeat annual revenue forecast
BUZZ-Cintas rises on upbeat annual revenue forecast Updates
** Shares of uniform rental firm Cintas Corp CTAS.O up as much as 6.7% at $196.69 - highest since March 2026
** CTAS forecasts annual revenue above expectations, betting on resilient demand for its rental uniform and first-aid safety kits despite ongoing macroeconomic uncertainty
** Co expects fiscal 2027 revenue in the range of $12.10 billion to $12.25 billion vs analysts' estimate of $12.08 billion, as per data compiled by LSEG
** It expects full-year adjusted earnings of $5.36 to $5.50 per share, midpoint of which is in line with estimates of $5.43 per share
** Co's Q4 revenue of $2.91 billion beat estimates of $2.87 billion
** CTAS logs quarterly profit of $1.26 per share, topping estimates of $1.24 per share
** Including session's move, stock up nearly 4% YTD
(Reporting by Shania S Thomas and Anuja Bharat Mistry in Bengaluru)
Recent news on Cintas
See all newsCintas Corporation reports results for the quarter ended May 31 - Earnings Summary
Uniform rental firm Cintas raises annual forecasts on strong demand
Cintas' Q1 revenue, adj EPS beat estimates, outlook raised
U.S. RESEARCH ROUNDUP- BlackRock, Goldman Sachs, Synopsys
U.S. STOCKS ON THE MOVE-Cintas, Veradermics