McCormick & Company, Incorporated (MKC) to Release Quarterly Earnings on Thursday

Key Points

• McCormick is expected to report Q3 2026 earnings before the market opens on October 1. Analysts forecast earnings of $0.756 per share on $1.976 billion in revenue, with a conference call scheduled for 8:00 a.m. ET.
• The company’s latest quarter exceeded expectations, with EPS of $0.80 versus the $0.69 consensus and revenue of $1.94 billion, up 16.7% year over year.
• Analyst sentiment is cautious: MKC has a consensus “Hold” rating and a $59.90 target price, while shares recently traded at $49.08; a major shareholder also sold roughly $10.8 million worth of stock in August.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) is projected to issue its Q3 2026 results before the market opens on Thursday, October 1st. Analysts expect McCormick & Company, Incorporated to post earnings of $0.7560 per share and revenue of $1.9761 billion for the quarter. Investors can find conference call details on the company's upcoming Q3 2026 earning overview page for the latest details on the call scheduled for Thursday, October 1, 2026 at 8:00 AM ET.

McCormick & Company, Incorporated (NYSE:MKC - Get Free Report) last issued its quarterly earnings results on Thursday, June 25th. The company reported $0.80 earnings per share for the quarter, topping analysts' consensus estimates of $0.69 by $0.11. McCormick & Company, Incorporated had a return on equity of 12.78% and a net margin of 21.91%.The firm had revenue of $1.94 billion during the quarter, compared to the consensus estimate of $1.91 billion. During the same period last year, the business posted $0.69 EPS. The business's revenue was up 16.7% compared to the same quarter last year. On average, analysts expect McCormick & Company, Incorporated to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

McCormick & Company, Incorporated Stock Performance

MKC stock opened at $49.08 on Thursday. The firm has a market cap of $13.20 billion, a PE ratio of 8.17, a price-to-earnings-growth ratio of 1.99 and a beta of 0.64. The company has a current ratio of 0.78, a quick ratio of 0.39 and a debt-to-equity ratio of 0.48. The stock has a 50-day moving average price of $52.41 and a 200-day moving average price of $51.38. McCormick & Company, Incorporated has a 1-year low of $44.82 and a 1-year high of $72.41.

Insider Activity

In related news, major shareholder Lawrence Kurzius sold 205,538 shares of the stock in a transaction on Monday, August 10th. The stock was sold at an average price of $52.69, for a total value of $10,829,797.22. Following the transaction, the insider directly owned 296,992 shares in the company, valued at $15,648,508.48. This trade represents a 40.90% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 10.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages have recently commented on MKC. Jefferies Financial Group reduced their price objective on shares of McCormick & Company, Incorporated from $64.00 to $62.00 and set a "buy" rating for the company in a research report on Thursday, June 4th. Weiss Ratings upgraded shares of McCormick & Company, Incorporated from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Wednesday, August 5th. UBS Group increased their target price on shares of McCormick & Company, Incorporated from $51.00 to $52.00 and gave the stock a "neutral" rating in a research note on Friday, June 26th. Barclays reduced their price target on shares of McCormick & Company, Incorporated from $57.00 to $55.00 and set an "equal weight" rating for the company in a report on Friday, June 26th. Finally, TD Cowen downgraded shares of McCormick & Company, Incorporated from a "buy" rating to a "hold" rating and decreased their price target for the company from $60.00 to $55.00 in a research note on Monday, September 14th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $59.90.

About McCormick & Company, Incorporated

McCormick & Company, Incorporated NYSE: MKC is a global food company that manufactures, markets and distributes spices, herbs, seasonings, condiments, sauces and other flavoring products. Its portfolio serves both retail consumers and foodservice customers, while its flavor solutions business supplies seasoning blends, natural flavors and other ingredients to food manufacturers and restaurant operators.

The company's consumer brands include McCormick, French's, Frank's RedHot, Lawry's, Old Bay and Gourmet Garden, among others.

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