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 EPS guidance of $3.03-3.08 for the period, compared to the consensus EPS 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.

McCormick & Company, Incorporated Trading Up 0.1 %

Shares of NYSE MKC opened at $80.39 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 0.74 and a quick ratio of 0.31. The business’s 50 day moving average is $78.75 and its two-hundred day moving average is $78.85. McCormick & Company, Incorporated has a 1-year low of $66.88 and a 1-year high of $86.24. The stock has a market capitalization of $21.56 billion, a P/E ratio of 27.44, a PEG ratio of 3.76 and a beta of 0.71.

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 analysts’ consensus estimates 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 net margin of 11.73% and a return on equity of 14.89%. McCormick & Company, Incorporated’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.63 EPS. As a group, research analysts expect that McCormick & Company, Incorporated will post 3.07 EPS for the current year.

Wall Street Analysts Forecast Growth

MKC has been the topic of several recent analyst reports. TD Cowen raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and increased their target price for the stock from $86.00 to $90.00 in a research note on Wednesday, January 8th. 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 report on Friday, January 24th. Jefferies Financial Group raised shares of McCormick & Company, Incorporated from a “hold” rating to a “buy” rating and raised their target price for the stock from $85.00 to $91.00 in a research note on Monday, December 9th. Finally, Barclays reduced their price objective on McCormick & Company, Incorporated from $85.00 to $82.00 and set an “equal weight” rating on the stock in a research report on Monday, January 27th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, McCormick & Company, Incorporated currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.75.

Insider Buying and Selling

In related news, Director Margaret M. V. Preston sold 28,092 shares of McCormick & Company, Incorporated stock in a transaction that occurred on 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 completion of the sale, the director now owns 6,177 shares in the company, valued at approximately $475,814.31. This trade represents a 81.97 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 23.80% of the company’s stock.

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.