McCormick & Company, Incorporated (NYSE: MKC) is expected to release earnings data before market opens on Thursday, September 30. Analysts expect McCormick & Company, Incorporated to post earnings of $ 0.73 per share for the quarter. People who wish to listen to the corporate earnings conference call can do so using this link.
McCormick & Company, Incorporated (NYSE: MKC) last released its quarterly results on Wednesday, June 30. The company reported EPS of $ 0.69 for the quarter, beating analyst consensus estimates of $ 0.62 by $ 0.07. The company posted revenue of $ 1.56 billion for the quarter, compared to analysts’ expectations of $ 1.47 billion. McCormick & Company, Incorporated had a net margin of 12.48% and a return on equity of 19.50%. McCormick & Company, Incorporated revenue increased 11.1% year-over-year. In the same quarter of the previous year, the company posted $ 0.73 in EPS. On average, analysts expect McCormick & Company, Incorporated to post $ 3 EPS for the current fiscal year and $ 3 EPS for the next fiscal year.
NYSE: MKC opened at $ 85.33 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.38 and a debt ratio of 1.09. The stock has a market cap of $ 22.81 billion, a PE ratio of 30.64, a price-to-earnings growth ratio of 4.13, and a beta of 0.48. The company’s 50-day moving average is $ 85.91 and its 200-day moving average is $ 87.69. McCormick & Company, Incorporated has a 12-month low of $ 82.03 and a 12-month high of $ 101.67.
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The company also recently disclosed a quarterly dividend, which was paid on Monday, July 26. Investors registered on Monday July 12 received a dividend of $ 0.34. The ex-dividend date was Friday July 9. This represents a dividend of $ 1.36 on an annualized basis and a return of 1.59%. McCormick & Company, Incorporated’s dividend payout ratio is 48.06%.
Meanwhile, director Freeman A. Hrabowski III sold 2,870 company shares in a trade on Friday, August 20. The shares were sold at an average price of $ 87.50, for a total trade of $ 251,125. Following the completion of the transaction, the director now directly owns 92,983 shares of the company, valued at approximately $ 8,136,012.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible through the SEC website. 13.90% of the shares are held by insiders.
A number of research analysts have weighed in on MKC stocks recently. Deutsche Bank Aktiengesellschaft reduced its price target on McCormick & Company, Incorporated shares from $ 95.00 to $ 91.00 and set a “conservation” rating for the company in a research note on Friday September 17th . Stifel Nicolaus reiterated a “conservation” note and issued a price target of $ 89 on shares of McCormick & Company, Incorporated in a research note on Friday, July 2. Finally, Credit Suisse Group lowered its price target on McCormick & Company, Incorporated shares from $ 104.00 to $ 100.00 and established an “outperformance” rating for the company in a research note on Monday. September 13. Four equity research analysts rated the stock with a conservation rating and one assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $ 96.88.
About McCormick & Company, Incorporated
McCormick & Co, Inc is engaged in the manufacture, marketing and distribution of spices, seasoning mixes, condiments and other flavorful products to retail outlets, food manufacturers and retailers. catering companies. It operates through the following segments: Consumer and Flavor Solutions. The consumer segment operates by selling to retail channels including grocery stores, mass merchandise, warehouse clubs, discount stores and drugstores, and e-commerce through the following brands: McCormick, Lawry’s, Zatarain’s, Simply Asia, Thai Kitchen, Ducros, Vahine, Schwartz, Club House, Kamis, Kohinoor and DaQiao.
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