Wall Street brokerages expect McCormick & Company, Incorporated (NYSE:MKC) to announce earnings of $0.78 per share for the current quarter, according to Zacks. Four analysts have made estimates for McCormick & Company,’s earnings, with the lowest EPS estimate coming in at $0.76 and the highest estimate coming in at $0.81. McCormick & Company, posted earnings of $1.03 per share during the same quarter last year, which indicates a negative year over year growth rate of 24.3%. The business is scheduled to issue its next earnings report on Friday, September 29th.

According to Zacks, analysts expect that McCormick & Company, will report full-year earnings of $4.07 per share for the current financial year, with EPS estimates ranging from $4.00 to $4.10. For the next year, analysts expect that the business will post earnings of $4.55 per share, with EPS estimates ranging from $4.35 to $4.70. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that that provide coverage for McCormick & Company,.

McCormick & Company, (NYSE:MKC) last announced its earnings results on Thursday, June 29th. The company reported $0.82 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.06. The business 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%. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.75 EPS.

Several brokerages have recently issued reports on MKC. Jefferies Group LLC reiterated a “buy” rating and issued a $110.00 target price on shares of McCormick & Company, in a research report on Thursday. Zacks Investment Research lowered shares of McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Thursday, August 24th. Edward Jones upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Finally, Credit Suisse Group set a $108.00 target price on shares of McCormick & Company, and gave the company a “buy” rating in a research report on Saturday, July 1st. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. McCormick & Company, currently has an average rating of “Hold” and a consensus target price of $103.11.

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Shares of McCormick & Company, (NYSE MKC) traded down 0.47% during midday trading on Friday, reaching $95.13. 806,131 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $95.55 and its 200 day moving average is $99.05. The firm has a market cap of $11.85 billion, a PE ratio of 25.27 and a beta of 0.52. McCormick & Company, has a one year low of $88.64 and a one year high of $106.50.

A number of institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in McCormick & Company, by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,264,131 shares of the company’s stock worth $1,195,875,000 after buying an additional 301,377 shares during the last quarter. BlackRock Inc. raised its position in McCormick & Company, by 956.5% in the first quarter. BlackRock Inc. now owns 10,405,413 shares of the company’s stock worth $1,015,049,000 after buying an additional 9,420,526 shares during the last quarter. State Street Corp raised its position in McCormick & Company, by 5.4% in the first quarter. State Street Corp now owns 7,256,472 shares of the company’s stock worth $707,872,000 after buying an additional 368,990 shares during the last quarter. Parnassus Investments CA raised its position in McCormick & Company, by 14.7% in the first quarter. Parnassus Investments CA now owns 2,426,180 shares of the company’s stock worth $230,627,000 after buying an additional 310,021 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in McCormick & Company, by 6.6% in the first quarter. Geode Capital Management LLC now owns 1,207,462 shares of the company’s stock worth $117,631,000 after buying an additional 74,953 shares during the last quarter. Hedge funds and other institutional investors own 72.87% of the company’s stock.

About McCormick & Company,

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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Earnings History and Estimates for McCormick & Company, (NYSE:MKC)

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