MKC - McCormick & Company, Incorporated
138.62 0.00 (0.00%)
After hours: 5:14PM EDT
| Previous Close | 141.21 |
| Open | 137.17 |
| Bid | 129.01 x 1100 |
| Ask | 141.19 x 800 |
| Day's Range | 136.55 - 143.52 |
| 52 Week Range | 112.23 - 174.58 |
| Volume | 1,188,005 |
| Avg. Volume | 1,080,082 |
| Market Cap | 18.436B |
| Beta (5Y Monthly) | 0.22 |
| PE Ratio (TTM) | 26.61 |
| EPS (TTM) | 5.21 |
| Earnings Date | Jun 24, 2020 - Jun 28, 2020 |
| Forward Dividend & Yield | 2.48 (1.76%) |
| Ex-Dividend Date | Dec 29, 2019 |
| 1y Target Est | 140.70 |
- PR Newswire
McCormick Declares $0.62 Quarterly Dividend
The Board of Directors of McCormick & Company, Incorporated (NYSE: MKC) today declared a quarterly dividend of $0.62 per share on its common stocks, payable April 27, 2020 to shareholders of record April 13, 2020. McCormick's current annualized dividend rate of $2.48 per share represents an increase of 9% over the annual dividend of $2.28 per share paid in fiscal year 2019.
- Thomson Reuters StreetEvents
Edited Transcript of MKC earnings conference call or presentation 31-Mar-20 12:00pm GMT
Q1 2020 McCormick & Company Inc Earnings Call
- American City Business Journals
McCormick sees 'unprecedented surge in demand' as consumers load up their pantries
McCormick says people are buying their vanilla, bone broth and turmeric. What must-haves did you pick up at the store ahead of lockdown?
- Zacks
McCormick (MKC) Q1 Earnings Beat Estimates, Outlook Withdrawn
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.
- TheStreet.com
McCormick Beats First-Quarter Profit Estimate but Slips on Sales
Spice specialist McCormick beat Wall Street's first-quarter earnings forecast but fell short on sales expectations.
- Benzinga
McCormick & Co: Q1 Earnings Insights
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.
- American City Business Journals
McCormick profit, sales decline due to 'extraordinary disruption' caused by coronavirus
McCormick's sales declined 1.6% to $1.21 billion, including a 3% negative impact in China, due to COVID-19.
- Zacks
McCormick (MKC) Tops Q1 Earnings Estimates
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?
- MarketWatch
McCormick beats profit expectations but fall shy on sales, as consumer weakness offsets flavor's strength
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%.
- PR Newswire
McCormick Reports First Quarter Performance
McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, today reported financial results for the first quarter ended February 29, 2020.
- American City Business Journals
McCormick hourly workers get pay bump amid COVID-19 crisis
All U.S. workers will receive an extra $2 per hour and extended benefits to care for a sick relative.
- Benzinga
Q1 Earnings Preview: McCormick & Co
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.
- PR Newswire
McCormick & Company Offers Pay Incentives and Extends Workforce Benefits to Maintain Operations
McCormick & Company, Incorporated (NYSE: MKC), a global leader in flavor, announced plans to further recognize and support employees who are physically working in locations critical to keeping their operations running globally. The company will increase hourly wages, further extend paid leave to care for sick family members and maintain salaries if operations are suspended.
- Zacks
Factors Influencing Constellation Brands' (STZ) Q4 Earnings
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.
- Kiplinger
Earnings Reports for the Week of March 30-April 3 (CHWY, MKC, WBA)
Check out our weekly earnings calendar and read the latest quarterly earnings previews.
- InvestorPlace
3 Earnings Reports to Watch Next Week
What will likely be the most bizarre earnings season ever arrives in just a few weeks. Corporate earnings reports next week will give a preview of what's to come.To be sure, earnings this week seemed surprisingly normal. Nike (NYSE:NKE) and Micron (NASDAQ:MU) both rallied nicely after their earnings reports this week. Micron even gave guidance for the coming quarter, as historically has been its practice.Of course, the rally in both stocks largely coincided with the market as a whole (though NKE has outperformed). Companies facing greater impacts from the coronavirus may have much less to say going forward. Many already have pulled existing guidance.InvestorPlace - Stock Market News, Stock Advice & Trading TipsStill, in this environment investors will take whatever news they can get. Even negative news might be preferable to the uncertainty that still exists.And so earnings reports next week should be watched closely. There aren't giants reporting, but the breadth in the earnings calendar is useful. Investors should be able to get a sense of what business is like on the ground right now across sectors, and an early feel for the commentary that will be delivered when earnings season begins in mid-April. * 10 Undervalued Stocks Crashing on the Coronavirus Pandemic Chewy (NYSE:CHWY) should deliver guidance for fiscal 2020 (ending next January), and will put real numbers to what no doubt is soaring demand in e-commerce. Also, CarMax (NYSE:KMX) will be the first major company in the automotive space to report amid this pandemic.In tech, BlackBerry (NYSE:BB) releases fiscal fourth quarter results after the close on Tuesday, and as a low-priced value play the reaction to that report might be an interesting test of investor sentiment. Apparel company PVH (NYSE:PVH), which trades at barely 8 times trailing earnings, could provide another opportunity to gauge attitudes toward the market's cheapest names.Overall, though, these three earnings reports are the most important to watch. Earnings Reports to Watch: McCormick (MKC)Source: Arne Beruldsen / Shutterstock.com Earnings Report Date: Tuesday, March 31, before market openFiscal first quarter results from McCormick (NYSE:MKC,NYSE:MKC-V) are interesting for two reasons.First, we'll get an updated view from a consumer food leader. We heard from General Mills (NYSE:GIS) back on March 18 -- but the country has changed notably just in the last nine days. Between McCormick's report and Q3 earnings from Conagra Brands (NYSE:CAG) on the same morning, investors should see how supply chains are working and how much sales growth has been driven by U.S. consumers stocking up.Second, the response in McCormick stock should be interesting. MKC was one of many quality stocks whose valuation seemed to have outrun its fundamentals before this selloff. The valuations assigned many of those stocks -- MKC was the most expensive consumer food play in the market -- suggest the current selloff includes a much-needed correction, not just short-term worries.And so, post-earnings trading will be intriguing as well. Based on fundamentals, even after its selloff MKC stock is not cheap relative to trailing (and pre-pandemic) profits. As such, its trading next week might suggest whether investors are ready to get back to paying dearly for quality. Walgreens Boots Alliance (WBA)Source: saaton / Shutterstock.com Earnings Report Date: Thursday, April 2, before market openPharmacy stocks like Walgreens Boots Alliance (NASDAQ:WBA) were cheap before this selloff -- and they're cheaper still. Though Rite Aid (NYSE:RAD) stock has held up somewhat year-to-date, dropping about 2%, WBA and CVS Health (NYSE:CVS) both have fallen over 20% in 2020.But the two giants caught a bid on Thursday -- and earnings from Walgreens next week could keep the momentum going. Walgreens should be receiving a short-term boost to front-end sales as so many other retailers close. Some of the cost pressures that have impacted the industry for years may start to recede.Those pressures are just one of the factors that have weighed on the sector for years now. For WBA stock to rally, Walgreens needs to start changing the narrative. And a strong report on Thursday would be a good first step. * 3 of the Top Telehealth Stocks to Own on Coronavirus Concerns WBA is one of the cheapest large-cap stocks in the market: among Dow Jones Industrial Average components, only Goldman Sachs (NYSE:GS) has a lower forward price-to-earnings multiple. If Walgreens can convince investors that it can survive this crisis -- or, better yet, thrive during it -- the stock might finally find a bottom for good. Constellation Brands (STZ) (STZ.B)Source: rblfmr / Shutterstock.com Earnings Report Date: Friday, April 3, before market openConstellation Brands (NYSE:STZ,NYSE:STZ-B) has perhaps the most interesting report next week. Certainly, no company has more questions -- or a wider range of outcomes.What has the coronavirus done to sales of Corona beer, for which Constellation holds the exclusive license for U.S. sales? How is cannabis demand faring in Canada for Canopy Growth (NYSE:CGC), in which Constellation owns a nearly 50% stake?Are liquor store sales holding up as bars and restaurants shutter nationwide? And is the pandemic accelerating the long-running shift to craft beer, or pausing it?The answers to those questions probably are unknowable right now, even to Constellation management. But they are the kind of questions that U.S. corporations are going to receive as earnings reports arrive in the coming weeks.These are unchartered waters, and we're all just trying to swim as best we can.Vince Martin has covered the financial industry for close to a decade for InvestorPlace.com and other outlets. As of this writing, he had no positions in any securities mentioned. More From InvestorPlace * America's Richest ZIP Code Holds Wealth Gap Secret * 10 Stocks to Buy That Will Benefit From Coronavirus Mayhem * 5 Bank Stocks to Buy Now Because This Isn't 2008 Again * 12 Stocks to Buy That Are Already Positive The post 3 Earnings Reports to Watch Next Week appeared first on InvestorPlace.
- Zacks
Here's All You Must Note Ahead of McCormick (MKC) Q1 Earnings
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.
- Zacks
McCormick (MKC) Expected to Beat Earnings Estimates: Can the Stock Move Higher?
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.
- Simply Wall St.
Why McCormick & Company, Incorporated's (NYSE:MKC) High P/E Ratio Isn't Necessarily A Bad Thing
This article is written for those who want to get better at using price to earnings ratios (P/E ratios). To keep it...
- Insider Monkey
Hedge Funds Are Selling McCormick & Company, Incorporated (MKC)
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 […]
- American City Business Journals
Greater Baltimore's largest public company to conduct annual meeting virtually
At the meeting, shareholders will be looking for an update from McCormick CEO Lawrence Kurzius, as the company has a factory in Wuhan, China.
- American City Business Journals
Shares of Baltimore-area companies rebound as stock market rallies
Stocks rebounded on March 13 following their worst day since Black Monday in 1987. Here's how local companies finished the week.
- American City Business Journals
Stock trading halted for second time in four days. Here's how local companies fared.
Among public companies based in Greater Baltimore Colfax Corp. Sinclair Broadcast Group Inc. and Laureate Education Inc. saw a couple of the biggest declines.
- American City Business Journals
UPDATED: Baltimore-area stocks plummet on day when trading gets halted
Trading was halted for 15 minutes amid fears about the novel coronavirus and a price war over crude oil.
