McCormick & Company, Incorporated (NYSE:MKC) manufacturer of processed and packaged foods, is reporting third quarter earnings results on Tuesday 29th September 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 1.52 per share.
For the full year, analysts predict revenues of $ 5529.74 million, while looking forward to income of $ 5.76 per share.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 5,454.00 million ~ $ 5,561.00 million, where as bottomline are predicted in a range of $ 5.20 ~ $ 5.30 per share
Click Here For More Historical Outlooks Of McCormick & Company, Incorporated
Previous Quarter Performance
McCormick & Company, Incorporated unwinded income for the second quarter of $ 1.47 per share, from the revenue of $ 1,401.00 million. The quarterly earnings 26.72 percent while revenues elevated 7.60 percent compared with the same quarter last year.
Wall street analysts are predicting, MKC to report 2Q20 income of $ 1.12 per share from revenue of $ 1346.62 million. The bottom line results beat street analysts by $ 0.35 or 31.25 percent, at the same time, top line results outshined analysts by $ 54.38 million or 4.04 percent.
Stock Performance
Shares of McCormick & Company, Incorporated traded up $ 3.61 or 1.88 percent on Monday, reaching $ 195.18 with volume of 1.35 million shares. McCormick & Company, Incorporated has traded high as $ 196.56 and has cracked $ 193.78 on the downward trend
According to the previous trading day, closing price of $ 195.18, representing a 70.69 % increase from the 52 week low of $ 112.23 and a 9.24 % decrease over the 52 week high of $ 211.07.
The company has a market capital of $ 25.97 billion and is part of the Consumer Defensive sector and Packaged Foods industry.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.62 per share on June 23, 2020. The dividend were payable on July 20, 2020 to holders of record as of the close of business on July 6, 2020 and ex-dividend date on July 2, 2020.
Conference Call
McCormick & Company, Incorporated will be hosting a conference call at 8:00 AM eastern time on 29th September 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.mccormickcorporation.com
McCormick & Company, Incorporated manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry. The company operates in two segments, Consumer and Flavor Solutions. The Consumer segment offers spices, herbs, and seasonings, as well as desserts.
