McCormick Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

McCormick & Company, Incorporated (NYSE:MKC) will release earnings results for the second quarter, before the opening bell on Thursday, June 26.

Analysts expect the Hunt Valley, Maryland-based company to report quarterly earnings at 65 cents per share, down from 69 cents per share in the year-ago period. McCormick projects to report quarterly revenue of $1.66 billion, compared to $1.64 billion a year earlier, according to data from Benzinga Pro.

On June 24, McCormick declared a quarterly dividend of 45 cents per share.

McCormick shares fell 1.4% to close at $73.64 on Wednesday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let's have a look at how Benzinga's most-accurate analysts have rated the company in the recent period.

• JP Morgan analyst Ken Goldman maintained an Underweight rating and raised the price target from $66 to $69 on Jan. 24, 2025. This analyst has an accuracy rate of 80%.
• TD Cowen analyst Robert Moskow upgraded the stock from Hold to Buy and increased the price target from $86 to $90 on Jan. 8, 2025. This analyst has an accuracy rate of 67%.
• Jefferies analyst Rob Dickerson upgraded the stock from Hold to Buy and raised the price target from $85 to $91 on Dec. 9, 2024. This analyst has an accuracy rate of 66%.
• Stifel analyst Matthew Smith maintained a Hold rating and boosted the price target from $75 to $85 on Oct. 2, 2024. This analyst has an accuracy rate of 62%.
• Argus Research analyst John Staszak upgraded the stock from Hold to Buy with a price target of $88 on April 2, 2024. This analyst has an accuracy rate of 68%

Considering buying MKC stock? Here’s what analysts think:

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