McCormick & Company, Incorporated (MKC) Scheduled to Post Earnings on Thursday
McCormick & Company, Incorporated (NYSE:MKC) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, September 28th. Analysts expect McCormick & Company, to post earnings of $1.07 per share for the quarter. McCormick & Company, has set its FY17 guidance at $4.05-4.13 EPS.
McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.06. The firm had revenue of $1.11 billion during the quarter, compared to analyst estimates of $1.10 billion. McCormick & Company, had a net margin of 10.69% and a return on equity of 28.28%. McCormick & Company,’s revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 EPS. On average, analysts expect McCormick & Company, to post $4.09 EPS for the current fiscal year and $4.67 EPS for the next fiscal year.
McCormick & Company, Incorporated (NYSE MKC) opened at 96.76 on Tuesday. The company has a market cap of $12.06 billion, a price-to-earnings ratio of 25.70 and a beta of 0.52. The company has a 50-day moving average of $96.50 and a 200-day moving average of $99.04. McCormick & Company, Incorporated has a 12 month low of $88.64 and a 12 month high of $106.50.
A number of research firms recently issued reports on MKC. Zacks Investment Research raised McCormick & Company, from a “hold” rating to a “buy” rating and set a $117.00 price target for the company in a report on Thursday, June 1st. Credit Suisse Group set a $108.00 price target on McCormick & Company, and gave the company a “buy” rating in a report on Saturday, July 1st. BidaskClub raised McCormick & Company, from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $95.00 price target on shares of McCormick & Company, in a report on Thursday, July 27th. Finally, Goldman Sachs Group Inc began coverage on McCormick & Company, in a report on Friday, June 16th. They issued a “neutral” rating and a $101.00 price target for the company. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $103.50.
McCormick & Company, Company Profile
McCormick & Company, Incorporated is engaged in manufacturing, marketing and distributing spices, seasoning mixes, condiments and other flavorful products to the food industry, including retailers, food manufacturers and foodservice businesses. The Company’s segments include consumer and industrial. The Company is involved in the manufacturing and sales of flavorful products.
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