What McCormick & Company's Earnings Mean For Mutual Fund Investors (MKC)
Shauna O'Brien Mar 24, 2015
Inside MKC’s Results
The company reported earnings of $70.5 million, or 55 cents per share. Last year, the company reported earnings of $82.5 million, or 62 cents per share. Adjusted EPS was 70 cents, coming in above analysts’ view of 64 cents.
Sales rose 2% to $1.01 billion from $993 million. On average, analysts expected to see $985 million in revenue.
For FY12015, MKC expects to see adjusted EPS between $3.44 and $3.51. This guidance is down from the company’s previous outlook of EPS between $3.51 and $3.58.
Another Company Faced With Currency Pressures
Mutual Funds to Watch
|PRBLX||Parnassus Core Equity Investor||1.95%|
|FRDPX||Franklin Rising Dividends Fund A||1.77%|
|VMCIX||Vanguard Mid Cap||1.60%|
The Bottom Line
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