Wall Street analysts predict that McCormick & Company, Incorporated (NYSE:MKC) will announce earnings per share of $1.07 for the current quarter, Zacks reports. Four analysts have provided estimates for McCormick & Company,’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.04. McCormick & Company, posted earnings of $1.03 per share during the same quarter last year, which would indicate a positive year over year growth rate of 3.9%. The company is expected to announce its next earnings results on Friday, September 29th.

On average, analysts expect that McCormick & Company, will report full year earnings of $4.10 per share for the current fiscal year, with EPS estimates ranging from $4.09 to $4.13. For the next financial year, analysts forecast that the firm will report earnings of $4.47 per share, with EPS estimates ranging from $4.35 to $4.60. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover McCormick & Company,.

McCormick & Company, (NYSE:MKC) last announced its quarterly earnings results on Thursday, June 29th. The company reported $0.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.76 by $0.06. The business had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.10 billion. McCormick & Company, had a return on equity of 28.28% and a net margin of 10.69%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.75 EPS.

A number of equities research analysts recently issued reports on MKC shares. Zacks Investment Research lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Edward Jones raised McCormick & Company, from a “hold” rating to a “buy” rating in a research report on Tuesday, July 4th. Jefferies Group LLC reaffirmed a “hold” rating and set a $95.00 price target on shares of McCormick & Company, in a research report on Friday, May 19th. Goldman Sachs Group, Inc. (The) initiated coverage on McCormick & Company, in a research report on Friday, June 16th. They set a “neutral” rating and a $101.00 price target on the stock. Finally, BidaskClub lowered McCormick & Company, from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Seven equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $104.00.

Several hedge funds and other institutional investors have recently modified their holdings of the company. FNY Managed Accounts LLC acquired a new position in shares of McCormick & Company, during the first quarter valued at approximately $135,000. Harfst & Associates Inc. acquired a new position in shares of McCormick & Company, during the first quarter valued at approximately $139,000. Van ECK Associates Corp increased its position in shares of McCormick & Company, by 6.9% in the first quarter. Van ECK Associates Corp now owns 1,689 shares of the company’s stock valued at $165,000 after buying an additional 109 shares in the last quarter. IFP Advisors Inc increased its position in shares of McCormick & Company, by 28.4% in the second quarter. IFP Advisors Inc now owns 1,784 shares of the company’s stock valued at $174,000 after buying an additional 395 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of McCormick & Company, by 3.4% in the first quarter. Pacer Advisors Inc. now owns 1,995 shares of the company’s stock valued at $195,000 after buying an additional 66 shares in the last quarter. Institutional investors own 73.91% of the company’s stock.

Shares of McCormick & Company, (MKC) traded up 0.57% during midday trading on Monday, hitting $95.05. The company had a trading volume of 428,987 shares. The firm’s 50-day moving average is $97.65 and its 200-day moving average is $99.00. McCormick & Company, has a 12-month low of $88.64 and a 12-month high of $106.50. The firm has a market capitalization of $11.84 billion, a P/E ratio of 25.25 and a beta of 0.52.

The business also recently declared a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Monday, July 10th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 1.98%. The ex-dividend date was Thursday, July 6th. McCormick & Company,’s dividend payout ratio (DPR) is 49.87%.

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

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