$0.66 per share earnings expected for McCormick & Company, Incorporated (NYSE: MKC) this quarter

Brokers expect McCormick & Company, Incorporated (NYSE:MKC – Get Rating) to post earnings per share (EPS) of $0.66 for the current quarter, according to Zacks Investment Research. Four analysts made earnings estimates for McCormick & Company, Incorporated. The lowest EPS estimate is $0.65 and the highest is $0.67. McCormick & Company, Incorporated reported earnings of $0.69 per share in the same quarter last year, indicating a negative 4.3% year-over-year growth rate. The company is expected to release its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect McCormick & Company, Incorporated to report annual earnings of $3.17 per share for the current fiscal year, with EPS estimates ranging from $3.05 to $3.21. . For the next fiscal year, analysts expect the company to post earnings of $3.42 per share, with EPS estimates ranging from $3.25 to $3.52. Zacks Investment Research earnings per share averages are an average average based on a survey of research companies that track McCormick & Company, Incorporated.

McCormick & Company, Incorporated (NYSE:MKC – Get Rating) last released its quarterly results on Tuesday, March 29. The company reported earnings per share (EPS) of $0.63 for the quarter, beating consensus analyst estimates of $0.62 by $0.01. McCormick & Company, Incorporated achieved a net margin of 11.77% and a return on equity of 18.00%. The company posted revenue of $1.52 billion for the quarter, versus $1.47 billion for analysts. In the same quarter last year, the company achieved EPS of $0.72. The company’s revenue for the quarter increased by 2.8% compared to the same quarter last year.

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A number of equity research analysts have recently released reports on the stock. Argus downgraded shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and set a price target of $112.00 for the stock in a Thursday, Feb. 17 research note. . They noted that the move was a review call. StockNews.com launched coverage on McCormick & Company, Incorporated in a report Thursday, March 31. They issued a “hold” rating on the stock. Credit Suisse Group downgraded McCormick & Company, Incorporated from an “outperform” rating to a “neutral” rating and set a price target of $100.00 for the stock. in a report on Wednesday, January 19. Finally, Deutsche Bank Aktiengesellschaft raised its price target on McCormick & Company, Incorporated from $96.00 to $99.00 in a Wednesday, March 30 report. Five investment analysts gave the stock a hold rating and one gave the stock a buy rating. According to data from MarketBeat, McCormick & Company, Incorporated has an average rating of “Hold” and a consensus price target of $99.80.

Shares of McCormick & Company, Incorporated rose $1.10 during Friday’s trading, hitting $97.54. The company had a trading volume of 944,605 ​​shares, compared to its average volume of 1,476,495. The company’s 50-day simple moving average is $99.66 and its 200-day simple moving average is from $94.29. McCormick & Company, Incorporated has a 1-year low of $77.85 and a 1-year high of $107.35. The company has a market capitalization of $26.15 billion, a PE ratio of 35.21, a growth price-earnings ratio of 5.06 and a beta of 0.45. The company has a debt ratio of 0.86, a quick ratio of 0.32 and a current ratio of 0.73.

The company also recently declared a quarterly dividend, which was paid on Monday, April 25. Shareholders of record on Monday, April 11 received a dividend of $0.37 per share. The ex-dividend date was Friday, April 8. This represents an annualized dividend of $1.48 and a dividend yield of 1.52%. McCormick & Company, Incorporated’s dividend payout ratio is currently 53.43%.

In other news, Chief Financial Officer Michael R. Smith sold 19,986 shares of McCormick & Company, Incorporated in a trade on Wednesday, April 20. The stock was sold at an average price of $104.04, for a total transaction of $2,079,343.44. Following the transaction, the CFO now owns 93,025 shares of the company, valued at approximately $9,678,321. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. 15.90% of the shares are held by insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Great Lakes Advisors LLC increased its equity stake in McCormick & Company, Incorporated by 5.7% during the 1st quarter. Great Lakes Advisors LLC now owns 14,470 shares of the company worth $1,444,000 after acquiring an additional 782 shares during the period. Stiles Financial Services Inc increased its stake in McCormick & Company, Incorporated by 18.3% in Q1. Stiles Financial Services Inc now owns 4,464 shares of the company valued at $445,000 after purchasing an additional 690 shares during the period. Mawer Investment Management Ltd. purchased a new stake in McCormick & Company, Incorporated in Q1 valued at approximately $54,314,000. Legacy Financial Strategies LLC increased its stake in McCormick & Company, Incorporated by 7.2% in Q1. Legacy Financial Strategies LLC now owns 17,235 shares of the company valued at $1,720,000 after purchasing an additional 1,156 shares during the period. Finally, Accredited Investors Inc. purchased a new stake in McCormick & Company, Incorporated in Q1 valued at approximately $201,000. Institutional investors and hedge funds hold 74.86% of the company’s shares.

McCormick & Company, Incorporated Corporate Profile (Get a rating)

McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning blends, condiments and other flavorful products to the food industry. It operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs and seasonings, as well as condiments and sauces and desserts.

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Earnings history and estimates for McCormick & Company, Incorporated (NYSE: MKC)

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