Inside Bar (Bullish)
|Bid||170.25 x 800|
|Ask||171.72 x 800|
|Day's Range||170.15 - 172.08|
|52 Week Range||112.23 - 180.38|
|Beta (5Y Monthly)||0.32|
|PE Ratio (TTM)||32.99|
|Forward Dividend & Yield||2.48 (1.45%)|
|Ex-Dividend Date||Apr 09, 2020|
|1y Target Est||N/A|
Hostess Brands CEO Andy Callahan tells Yahoo Finance people continue to fill their pantries with donuts and Twinkies amidst the COVID-19 pandemic.
Coronavirus is probably the 1 concern in investors' minds right now. It should be. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW. We predicted that a US recession is imminent and US stocks will go down by at least 20% in the next 3-6 […]
It took a pandemic to turn sleepy packaged-foods shares into growth stocks. Why Campbell Soup, Conagra, and other big food suppliers could have more gains in store.
McCormick Chairman and CEO Lawrence Kurzius says sales for spices and hot sauce are on fire now.
McCormick Chairman and CEO Lawrence Kurzius joins Yahoo Finance’s Alexis Christoforous, Brian Sozzi and Heidi Chung to discuss how McCormick is faring amid the coronavirus outbreak and its impact on the food supply chain.
The rating also further reflects McCormick's moderate size compared to other investment grade food companies and moderate financial leverage. Moody's regards the coronavirus outbreak as a social risk under our ESG framework, given the substantial credit implications of public health and safety.
Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of McCormick & Company, Incorporated and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers.
During Friday's Mad Money program Jim Cramer talked about investing and that, sometimes you have to take the good with the bad. Cramer went on to say that the only winner among the "good-and-bad" stocks was spice maker McCormick & Co. , which announced that it's losing business as restaurants close, but gaining it back in spades as consumers do a lot more cooking at home and require more spices and hot sauce. In the daily bar chart of MKC, below, we can see that prices made their nadir around the middle of March along with the movement in the broader market.
One public company based in Greater Baltimore raised its stock price during a tumultuous first quarter for the financial markets. Baltimore-based Legg Mason Inc. saw its stock price increase 35% to $48.
McCormick says people are buying their vanilla, bone broth and turmeric. What must-haves did you pick up at the store ahead of lockdown?
McCormick's (MKC) fiscal first-quarter 2020 results reflect soft earnings. Also, the COVID-19 outbreak in China reduced the company's sales growth in the quarter.
Shares of McCormick & Co (NYSE:MKC) were unchanged in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share fell 3.57% over the past year to $1.08, which beat the estimate of $1.04.Revenue of $1,212,000,000 lower by 1.62% from the same period last year, which missed the estimate of $1,230,000,000.Guidance For the fiscal year 2020, McCormick withdrew its guidance .Conference Call Details Date: Mar 31, 2020Time: 10:03 PM ETView more earnings on MKCWebcast URL: https://edge.media-server.com/mmc/p/maxrdxksRecent Stock Performance 52-week high: $174.5852-week low: $112.22Price action over last quarter: down 14.58%Company Description In its nearly 130-year history, McCormick has become the leading global manufacturer, marketer, and distributor of spices, herbs, extracts, seasonings, and other flavorings. McCormick's customer base includes top quick-service restaurants, retail grocery chains, and other packaged food manufacturers, with about 40% of sales generated beyond its home turf to include 150 other countries and territories. Beyond its namesake brand, the firm's portfolio includes Old Bay, Zatarain's, Thai Kitchen, and the recently acquired Frank's RedHot and French's brand.See more from Benzinga * Conagra Brands: Q3 Earnings Insights * Capital Senior Living: Q4 Earnings Insights * Recap: iClick Interactive Asia Q4 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
McCormick's sales declined 1.6% to $1.21 billion, including a 3% negative impact in China, due to COVID-19.
McCormick (MKC) delivered earnings and revenue surprises of 4.85% and -1.37%, respectively, for the quarter ended February 2020. Do the numbers hold clues to what lies ahead for the stock?
McCormick & Co. Inc. reported Tuesday a fiscal first-quarter profit that beat expectations while sales fell short, citing COVID-19-related weakness in China. The stock was still inactive in premarket trading. The flavor and spices company said net income for the quarter to Feb. 29 fell to $144.7 million, or $1.08 a share, from $148.0 million, or $1.11 a share, in the year-ago period. Excluding non-recurring items, adjusted earnings per share came to $1.08, above the FactSet consensus of $1.03. Sales fell 2% to $1.21 billion, below the FactSet consensus of $1.23 billion, as consumer sales declined 6% to $699.5 million to miss expectations of $753.7 million while flavor sales rose 5% to $512.5 million to beat expectations of $487.8 million. The impact of the COVID-19-related weakness in China was to reduce sales growth by 3%. The company withdrew its 2020 financial guidance, saying it can't predict the duration and extend of the impact of the COVID-19 health crisis. The company is expecting increased demand in flavor sales from packaged food customers but also a decline in demand from restaurant and foodservice customers. The stock has lost 15.7% over the past three months, while the S&P 500 has shed 18.7%.
McCormick & Co (NYSE: MKC) announces its next round of earnings this Tuesday, March 31. Here's Benzinga's look at McCormick's Q1 earnings report.Earnings and Revenue Sell-side analysts expect McCormick & Co's EPS to be near $1.04 on sales of $1.23 billion.In the same quarter last year, McCormick & Co reported earnings per share of $1.12 on sales of $1.23 billion. The Wall Street estimate would represent a 7.14% decline in the company's earnings. McCormick & Co's reported EPS has stacked up against analyst estimates in the past like this:View more earnings on MKC Quarter Q4 2019 Q3 2019 Q2 2019 Q1 2019 Q4 2018 EPS Estimate 1.610 1.290 1.080 1.03 1.7 EPS Actual 1.610 1.460 1.160 1.12 1.67 Stock Performance Over the last 52-week period, shares are down 10.24%. Given that these returns are generally negative, long-term shareholders won't be happy going into this earnings release.Analysts have adjusted their estimates lower for EPS and revenues over the past 90 days. Analysts have been rating McCormick & Co stock as Neutral. The strength of this rating has maintained conviction over the past three months.Conference Call McCormick & Co is scheduled to hold a conference call at 8:00 a.m. ET and it can be accessed here: https://edge.media-server.com/mmc/p/maxrdxksSee more from Benzinga * Q3 Earnings Preview For Conagra Brands * Q1 Earnings Preview For KB Home * Preview: Lululemon Athletica's Q4 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Constellation Brands' (STZ) fourth-quarter fiscal 2020 results are likely to reflect gains from the robust corona beer business, innovation pipeline and strong depletion growth.
McCormick's (MKC) first-quarter fiscal 2020 results are likely to reflect gains from innovation and savings from the CCI program. However, volatile currency movements are concerning.
McCormick (MKC) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.