NEW YORK (TheStreet) -- Shares of McCormick & Co. Inc (MKC) closed up 0.97% to $80.95 on double its average trading volume in Tuesday's regular trading session, one day ahead of the spices maker's latest earnings report, due out before the opening bell Wednesday.
For the fiscal second-quarter, the company is expected to earn 68 cents per share on revenue of $1.038 billion, according to analysts polled by Thomson Reuters.
In the same quarter of last year, the company earned 64 cents per share on sales of $1.033 billion.
Sparks, Md.-based McCormick & Co manufactures, markets and distributes spices, seasoning mixes, condiments and other products to the food industry.
The company operates under two business segments including consumer and industrial.
Separately, TheStreet Ratings team rates MCCORMICK & CO INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate MCCORMICK & CO INC (MKC) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel its strengths outweigh the fact that the company has had sub par growth in net income."