McCormick & Company, Incorporated (NYSE:MKC) Issues FY25 Earnings Guidance

McCormick & Company, Incorporated (NYSE:MKC) issued an update on its FY25 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $3.03-3.08 for the period, compared to the consensus earnings per share estimate of $3.07. The company issued revenue guidance of flat to +2% yr/yr to ~$6.72-6.86 billion, compared to the consensus revenue estimate of $6.82 billion. McCormick & Company, Incorporated also updated its FY 2025 guidance to 3.030-3.080 EPS.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MKC. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their price objective for the company from $85.00 to $91.00 in a report on Monday, December 9th. Barclays cut their target price on shares of McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating for the company in a research note on Monday, January 27th. JPMorgan Chase & Co. boosted their price target on shares of McCormick & Company, Incorporated from $66.00 to $69.00 and gave the stock an “underweight” rating in a research note on Friday, January 24th. Finally, TD Cowen upgraded McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their price objective for the company from $86.00 to $90.00 in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, McCormick & Company, Incorporated has a consensus rating of “Moderate Buy” and an average target price of $83.75.

McCormick & Company, Incorporated Stock Performance

McCormick & Company, Incorporated stock opened at $80.85 on Thursday. The company’s 50-day moving average price is $78.93 and its 200-day moving average price is $78.86. The company has a quick ratio of 0.31, a current ratio of 0.74 and a debt-to-equity ratio of 0.68. The company has a market cap of $21.68 billion, a PE ratio of 27.59, a price-to-earnings-growth ratio of 3.76 and a beta of 0.71. McCormick & Company, Incorporated has a twelve month low of $66.88 and a twelve month high of $86.24.

McCormick & Company, Incorporated (NYSE:MKC) last issued its quarterly earnings data on Tuesday, March 25th. The company reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.61 billion. McCormick & Company, Incorporated had a return on equity of 14.89% and a net margin of 11.73%. The company’s revenue was up .2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 earnings per share. On average, equities research analysts forecast that McCormick & Company, Incorporated will post 3.07 EPS for the current fiscal year.

McCormick & Company, Incorporated Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 21st. Investors of record on Monday, April 7th will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.23%. McCormick & Company, Incorporated’s payout ratio is presently 61.43%.

Insider Buying and Selling

In related news, Director Margaret M. V. Preston sold 28,092 shares of the stock in a transaction dated Thursday, February 13th. The shares were sold at an average price of $77.03, for a total value of $2,163,926.76. Following the sale, the director now directly owns 6,177 shares of the company’s stock, valued at $475,814.31. This represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 23.80% of the stock is owned by corporate insiders.

McCormick & Company, Incorporated Company Profile

McCormick & Co, Inc engages in the manufacturing, marketing, and distribution of spices, seasoning mixes, condiments, and other flavorful products to retail outlets, food manufacturers, and foodservice businesses. It operates through the Consumer and Flavor Solutions segments. The Consumer segment sells spices, seasonings, condiments, and sauces.