FMP
Sep 17, 2021 6:59 PM - Davit Kirakosyan
Analysts at Deutsche Bank provided a report on McCormick & Co (NYSE:MKC) ahead of its Q3 earnings report on Sept 30.
According to the analysts, their biggest concern facing the company will likely be further downside to gross margins as it grapples with supply constraints and higher inflation across several commodities, packaging materials, labor, and transportation costs.
The brokerage said its full 2021-year revenue estimates reflect relatively strong Q3 consumption, continued retailer replenishment, a slight deceleration in foodservice recovery, and acquisition benefits from Cholula and FONA, with constant currency growth at +6.6% year-over-year and overall sales up 13.0% year-over-year.
The brokerage expects full 2021-year EPS of $3.03 (vs. prior $3.04), which is just slightly above the midpoint of the company's $3.00-$3.05 guidance.
The analysts lowered their price target on the company’s shares to $91 from $95, maintaining their hold rating.
Sep 11, 2023 1:38 PM - Rajnish Katharotiya
Price to Earnings is one of the key metrics use to value companies using multiples. The P/E ratio and other multiples are relative valuation metrics and they cannot be looked at in isolation. One of the problems with the P/E metric is the fact that if we are in the peak of a business cycle, earni...
Sep 11, 2023 1:49 PM - Rajnish Katharotiya
Price-to-Earnings ratio is a relative valuation tool. It is used by investors to find great companies at low prices. In this post, we will build a Python script to calculate Price Earnings Ratio for comparable companies. Photo by Skitterphoto on Pexels Price Earnings Ratio and Comparable Compa...
Oct 17, 2023 3:09 PM - Davit Kirakosyan
Shares of VMware (NYSE:VMW) witnessed a sharp drop of 12% intra-day today due to rising concerns about China's review of the company's significant sale deal to Broadcom. Consequently, Broadcom's shares also saw a dip of around 4%. Even though there aren’t any apparent problems with the proposed solu...