Deutsche Bank Maintains Hold on McCormick & Co, Lowers Price Target to $74
Deutsche Bank analyst Steve Powers maintains McCormick & Co (NYSE:MKC) with a Hold and lowers the price target from $83 to $74.
JP Morgan Maintains Underweight on McCormick & Co, Lowers Price Target to $63
JP Morgan analyst Ken Goldman maintains McCormick & Co (NYSE:MKC) with a Underweight and lowers the price target from $66 to $63.
McCormick Sees FY23 Revenue Growth Of 5% – 7%
For fiscal year 2023, McCormick expects to increase year-on-year sales by 5% to 7%. The Company expects to grow operating income by 10% to 12%. Adjusted operating income is expected to increase 9% to 11%.
Earnings Scheduled For January 26, 2023
Companies Reporting Before The Bell
• Nokia (NYSE:NOK) is estimated to report quarterly earnings at $0.14 per share on revenue of $7.20 billion.
McCormick Raises Quarterly Dividend From $0.37/Share To $0.39/Share
The Board of Directors of McCormick & Company, Incorporated (NYSE:MKC) today declared an increase in the quarterly dividend from $0.37 to $0.39 per share on its common stocks, payable January 9, 2023 to shareholders of record December 30, 2022.
Exane BNP Paribas Initiates Coverage On McCormick & Co with Outperform Rating, Announces Price Target of $94
Exane BNP Paribas analyst Max Gumport initiates coverage on McCormick & Co (NYSE:MKC) with a Outperform rating and announces Price Target of $94.
Is McCormick Stock Benefiting From ‘Seller Exhaustion’ After Q3 Earnings? PreMarket Prep Breaks It Down
Third-quarter earnings season does not ramp up until next week, with some big banks announcing results.
Bitcoin Drops Below $20,000; Here Are The Top Crypto Movers For Friday
Bitcoin (CRYPTO: BTC), the world’s most valued cryptocurrency, traded lower, dropping below the $20,000 level this morning.
McCormick & Co Q3 EPS $0.69 Misses $0.94 Estimate, Sales $1.60B Miss $1.78B Estimate
McCormick & Co (NYSE:MKC) reported quarterly earnings of $0.69 per share which missed the analyst consensus estimate of $0.94 by 26.6 percent. This is a 13.75 percent decrease over earnings of $0.80 per share from the
Fear & Greed Index Remains In ‘Fear’ Zone Ahead Of Friday’s Jobs Report
The CNN Money Fear and Greed index remained in the "fear" zone after US stocks recorded a slight decline on Wednesday.
US stocks saw a major surge earlier during the week, with the S&P 500 index recording its biggest two-session rise since 2020.
However, yields rose sharply on Wednesday, which exerted put pressure on the Wall Street for most of the session.