Analysts Adjust McCormick's Q3 Earnings Forecast with Optimism

Author: Olivia Taylor Updated: 10-03-2025 07:27 AM

McCormick & Company Earnings Preview

McCormick & Company, Incorporated (NYSE: MKC) is gearing up for its third-quarter earnings report, which will provide insights into its financial health and prospects. Anticipated earnings per share are expected to be around 82 cents, reflecting a minor decline from 83 cents in the same quarter last year. Investors are eagerly waiting for the revenue report, which is projected to reach approximately $1.71 billion, a slight improvement compared to $1.68 billion a year earlier.

Acquisition of McCormick De Mexico

In a recent strategic move, McCormick announced plans to acquire an additional 25% stake in McCormick De Mexico for $750 million. This acquisition will elevate their ownership stake to 75%, enhancing their market influence in the region.

Recent Stock Performance

As McCormick prepares for its earnings release, shares of the company saw a modest increase of 0.5%, closing at $68.09 during the previous trading session. This uptick is a sign of investor confidence, despite the challenges facing various sectors in today’s market.

Analyst Ratings and Insights

Analysts have been keeping a close eye on McCormick’s performance and have issued various ratings:

UBS Analyst Rating

UBS analyst Bryan Adams has maintained a Neutral rating but adjusted the price target down from $79 to $71.

Stifel Analyst Outlook

Stifel's Matthew Smith also kept a Hold rating but has lowered their price target from $82 to $76.

JP Morgan's Position

JP Morgan's Ken Goldman maintained an Underweight rating, increasing the price target slightly from $66 to $69.

TD Cowen Upgrade

Conversely, TD Cowen analyst Robert Moskow upgraded the stock from Hold to Buy, raising the price target from $86 to $90, showcasing a more optimistic outlook.

Jefferies Analyst Update

Jefferies analyst Rob Dickerson has followed suit, upgrading their rating from Hold to Buy and adjusting the price target up from $85 to $91.

Investment Considerations for MKC

As the earnings date approaches, many investors are assessing whether to buy or hold MKC stock. Analysts' opinions vary, but the majority exhibit cautious optimism. Investors should keep an eye on McCormick’s financial disclosures, as these will provide critical insights into future growth prospects.

Frequently Asked Questions

What are the expected earnings for McCormick in Q3?

Analysts expect McCormick to report earnings of approximately 82 cents per share for the third quarter.

How much revenue is McCormick projected to make?

The company is projected to generate around $1.71 billion in revenue for the quarter.

What recent acquisition did McCormick make?

McCormick plans to acquire an additional 25% stake in McCormick De Mexico, increasing its ownership to 75%.

What did analysts say about McCormick's stock?

Analysts have varied opinions on McCormick's stock, with some upgrading their ratings while others remain neutral.

What is the current share price of McCormick?

McCormick's shares recently closed at $68.09, reflecting a slight increase.

About The Author

Olivia Taylor here, a 26-year-old writer and financial advisor. After earning a degree in finance, I worked in the sector for years. I've always loved numbers and had a talent for simplifying difficult financial ideas so that anyone could understand. I wrote my first book because of this passion; it helps readers take charge of their financial futures by fusing real-life stories with useful financial advice.

Whether they are just beginning their careers, preparing for significant life events, or seeking to invest wisely, my goal with my writing is to enable people to make educated financial decisions. The foundation of my work is the conviction that security and freedom of the individual are largely determined by financial literacy. To further financial education, I run workshops and frequently write for financial blogs in addition to my books.

I like to travel, experience other cultures, and find inspiration in daily life when I'm not writing or examining market trends. My passion is utilizing sound financial practices to help people reach their financial objectives and lead the best lives possible.

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