Equities analysts expect that MCCORMICK & CO /SH NV (NYSE:MKC) will report $1.26 earnings per share for the current quarter, Zacks reports. Four analysts have made estimates for MCCORMICK & CO /SH’s earnings. The highest EPS estimate is $1.30 and the lowest is $1.22. MCCORMICK & CO /SH posted earnings per share of $1.12 during the same quarter last year, which would suggest a positive year over year growth rate of 12.5%. The business is scheduled to report its next earnings results before the market opens on Thursday, September 27th.

On average, analysts expect that MCCORMICK & CO /SH will report full year earnings of $4.96 per share for the current fiscal year, with EPS estimates ranging from $4.91 to $5.00. For the next year, analysts anticipate that the company will report earnings of $5.35 per share, with EPS estimates ranging from $5.21 to $5.46. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that cover MCCORMICK & CO /SH.

MCCORMICK & CO /SH (NYSE:MKC) last released its quarterly earnings data on Thursday, June 28th. The company reported $1.02 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.09. MCCORMICK & CO /SH had a net margin of 15.83% and a return on equity of 21.98%. The business had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.32 billion. During the same quarter last year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 19.1% compared to the same quarter last year.

Several research firms have commented on MKC. Zacks Investment Research raised shares of MCCORMICK & CO /SH from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of MCCORMICK & CO /SH from a “hold” rating to a “buy” rating in a research note on Monday, July 2nd. Credit Suisse Group raised their target price on shares of MCCORMICK & CO /SH from $122.00 to $124.00 and gave the company an “outperform” rating in a research note on Friday, June 29th. Citigroup raised their target price on shares of MCCORMICK & CO /SH from $114.00 to $117.00 and gave the company a “neutral” rating in a research note on Friday, June 29th. Finally, Vertical Group cut shares of MCCORMICK & CO /SH from a “buy” rating to a “hold” rating in a research note on Friday, June 29th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $114.25.

In other news, Director Alan D. Wilson sold 100,000 shares of the firm’s stock in a transaction dated Thursday, August 16th. The shares were sold at an average price of $125.30, for a total transaction of $12,530,000.00. Following the completion of the transaction, the director now owns 212,894 shares in the company, valued at approximately $26,675,618.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Alan D. Wilson sold 158,600 shares of the firm’s stock in a transaction dated Thursday, June 28th. The shares were sold at an average price of $110.00, for a total transaction of $17,446,000.00. Following the transaction, the director now owns 212,894 shares of the company’s stock, valued at approximately $23,418,340. The disclosure for this sale can be found here. In the last three months, insiders have sold 266,600 shares of company stock worth $30,935,200. 19.20% of the stock is owned by corporate insiders.

Large investors have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. bought a new position in shares of MCCORMICK & CO /SH during the 2nd quarter valued at about $3,537,000. ST Germain D J Co. Inc. boosted its position in shares of MCCORMICK & CO /SH by 16.0% during the 2nd quarter. ST Germain D J Co. Inc. now owns 3,015 shares of the company’s stock valued at $350,000 after purchasing an additional 415 shares in the last quarter. Stevens Capital Management LP bought a new position in shares of MCCORMICK & CO /SH during the 2nd quarter valued at about $3,545,000. Victory Capital Management Inc. boosted its position in shares of MCCORMICK & CO /SH by 13.1% during the 2nd quarter. Victory Capital Management Inc. now owns 34,358 shares of the company’s stock valued at $3,989,000 after purchasing an additional 3,984 shares in the last quarter. Finally, Stock Yards Bank & Trust Co. boosted its position in shares of MCCORMICK & CO /SH by 3.8% during the 2nd quarter. Stock Yards Bank & Trust Co. now owns 104,726 shares of the company’s stock valued at $12,157,000 after purchasing an additional 3,835 shares in the last quarter. Institutional investors own 82.59% of the company’s stock.

MCCORMICK & CO /SH stock traded up $0.27 during trading hours on Friday, hitting $130.37. 18,953 shares of the company traded hands, compared to its average volume of 581,587. The stock has a market cap of $17.05 billion, a price-to-earnings ratio of 30.56, a PEG ratio of 2.91 and a beta of 0.55. The company has a current ratio of 0.85, a quick ratio of 0.42 and a debt-to-equity ratio of 1.47. MCCORMICK & CO /SH has a 1-year low of $93.70 and a 1-year high of $132.83.

About MCCORMICK & CO /SH

McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates through two segments, Consumer and Industrial. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.

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Earnings History and Estimates for MCCORMICK & CO /SH (NYSE:MKC)

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