McCormick & Co. (MKC) Set to Announce Earnings on Thursday
McCormick & Co. (NYSE:MKC) is scheduled to be posting its quarterly earnings results on Thursday, September 26th. McCormick & Co. has set its Q3 guidance at $0.78 EPS and its FY13 guidance at $3.13-3.19 EPS.Individual that wish to listen to the company’s earnings conference call can do so using this link.
McCormick & Co. (NYSE:MKC) last released its earnings data on Thursday, June 27th. The company reported $0.61 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.61. The company had revenue of $1,000.00 million for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter in the prior year, the company posted $0.60 earnings per share. The company’s quarterly revenue was up 1.9% on a year-over-year basis. On average, analysts expect McCormick & Co. to post $3.16 EPS for the current fiscal year and $3.49 EPS for the next fiscal year.
Shares of McCormick & Co. (NYSE:MKC) opened at 68.57 on Wednesday. McCormick & Co. has a 52-week low of $60.06 and a 52-week high of $75.26. The stock’s 50-day moving average is $69.60 and its 200-day moving average is $71.21. The company has a market cap of $9.050 billion and a P/E ratio of 22.52.
The company also recently announced a quarterly dividend, which is scheduled for Monday, October 21st. Shareholders of record on Monday, October 7th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 1.98%.
MKC has been the subject of a number of recent research reports. Analysts at Deutsche Bank reiterated a “buy” rating on shares of McCormick & Co. (NYSE:MKC) in a research note to investors on Wednesday, September 18th. They now have a $76.00 price target on the stock, down previously from $77.00. On a related note, analysts at JPMorgan Chase & Co. raised their price target on shares of McCormick & Co. (NYSE:MKC) from $69.00 to $70.00 in a research note to investors on Tuesday, September 17th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of McCormick & Co. (NYSE:MKC) in a research note to investors on Monday, August 19th. They now have a $74.00 price target on the stock.
Nine analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $71.33.
McCormick & Company, Incorporated manufactures, markets and distributes spices, seasoning mixes, condiments and other flavorful products to the entire food industry, retail outlets, food manufacturers and foodservice businesses.
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