McCormick & Company, Incorporated reports results for the quarter ended August 31 - Earnings Summary

• McCormick & Company, Incorporated MKC.N reported quarterly adjusted earnings of 86 cents​​ per share for the quarter ended August 31, higher than the same quarter last year, when the company reported EPS of 85 cents. The mean expectation of twelve analysts for the quarter was for earnings of 76 cents per share. Wall Street expected results to range from 73 cents to 80 cents per share.

• Revenue rose 17.4% to $2.02 billion from a year ago; analysts expected $1.98 billion.

• McCormick & Company, Incorporated's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $97.6 million.

• McCormick & Company, Incorporated shares had held steady so far this quarter and lost 31.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 0.1% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 9 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the food processing peer group is also "buy"

• Wall Street's median 12-month price target for McCormick & Company, Incorporated is $57.50, about 19.3% above its last closing price of $46.40

This summary was machine generated from LSEG data October 1 at 01:31 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)