Analysts expect McCormick & Company, Incorporated (NYSE:MKC) to report $1.15 billion in sales for the current quarter, according to Zacks. Four analysts have issued estimates for McCormick & Company,’s earnings, with the lowest sales estimate coming in at $1.11 billion and the highest estimate coming in at $1.16 billion. McCormick & Company, posted sales of $1.09 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 5.5%. The business is scheduled to announce its next earnings report on Friday, September 29th.

On average, analysts expect that McCormick & Company, will report full-year sales of $1.15 billion for the current year, with estimates ranging from $4.74 billion to $4.77 billion. For the next fiscal year, analysts anticipate that the company will post sales of $5.35 billion per share, with estimates ranging from $5.32 billion to $5.39 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover McCormick & Company,.

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

Several brokerages have issued reports on MKC. BidaskClub upgraded shares of McCormick & Company, from a “hold” rating to a “buy” rating in a report on Thursday, August 24th. Zacks Investment Research cut shares of McCormick & Company, from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Jefferies Group LLC reiterated a “hold” rating and set a $95.00 target price on shares of McCormick & Company, in a report on Thursday, July 27th. Credit Suisse Group set a $108.00 target price on shares of McCormick & Company, and gave the stock a “buy” rating in a report on Saturday, July 1st. Finally, Goldman Sachs Group, Inc. (The) began coverage on shares of McCormick & Company, in a report on Friday, June 16th. They set a “neutral” rating and a $101.00 target price on the stock. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. McCormick & Company, has an average rating of “Hold” and an average price target of $103.11.

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Hedge funds have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. lifted its position in shares of McCormick & Company, by 23.9% during the first quarter. Bronfman E.L. Rothschild L.P. now owns 2,904 shares of the company’s stock valued at $283,000 after buying an additional 560 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of McCormick & Company, by 15.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,241 shares of the company’s stock valued at $2,949,000 after purchasing an additional 4,044 shares during the last quarter. US Bancorp DE raised its position in shares of McCormick & Company, by 1.1% in the 2nd quarter. US Bancorp DE now owns 67,180 shares of the company’s stock valued at $6,550,000 after purchasing an additional 723 shares during the last quarter. BlueCrest Capital Management Ltd purchased a new position in shares of McCormick & Company, in the 1st quarter valued at approximately $572,000. Finally, Pioneer Investment Management Inc. raised its position in shares of McCormick & Company, by 630.5% in the 1st quarter. Pioneer Investment Management Inc. now owns 865,785 shares of the company’s stock valued at $84,457,000 after purchasing an additional 747,268 shares during the last quarter. 72.90% of the stock is owned by institutional investors and hedge funds.

McCormick & Company, (NYSE MKC) opened at 98.46 on Friday. The stock has a market capitalization of $12.27 billion, a PE ratio of 26.15 and a beta of 0.52. The firm has a 50-day moving average of $96.20 and a 200 day moving average of $99.04. McCormick & Company, has a one year low of $88.64 and a one year high of $106.50.

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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