NEW YORK (TheStreet) -- McCormick & Co. (MKC) - Get Report stock is gaining 3.93% to $85.42 in afternoon trading on Thursday after the company reported better than expected financial results for the fiscal 2015 fourth quarter.

This morning before the market open the Sparks, MD-based food company reported earnings of $1.18 per share for the quarter ended November 30, beating estimates by 1 cent.

Revenue increased 2.4% year-over-year to $1.2 billion. Analysts anticipated revenue of $1.19 billion.

Consumer net sales increased 6% on a constant currency basis, driven by strong growth in Europe, the Middle East and Asia. The industrial segment reported an 11.2% jump in net sales, also on a constant currency basis, with all sectors posting double-digit growth.

Additionally, McCormick set its fiscal 2016 full year earnings guidance just below estimates at $3.65 to $3.72 per share, as Wall Street was anticipating earnings of $3.73 per share.

Separately, McCormick has a "buy" rating and letter grade of A at TheStreet Ratings because of the company's revenue growth, notable return on equity, good cash flow from operations, expanding profit margins and solid stock price performance.

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You can view the full analysis from the report here: MKC

TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author. 

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