International Flavors & Fragrances (NYSE:IFF) Posts Earnings Results

International Flavors & Fragrances (NYSE:IFF) posted its quarterly earnings data on Tuesday. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.46), RTT News reports. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The company had revenue of $2.93 billion for the quarter, compared to analyst estimates of $2.83 billion. During the same quarter in the previous year, the firm posted $0.89 earnings per share. The company’s quarterly revenue was up 3.7% on a year-over-year basis. International Flavors & Fragrances updated its FY 2024 guidance to EPS.

International Flavors & Fragrances Price Performance

International Flavors & Fragrances stock traded up $0.75 during trading on Friday, reaching $91.71. The company had a trading volume of 1,498,193 shares, compared to its average volume of 1,669,813. The firm has a market capitalization of $23.45 billion, a PE ratio of -9.87, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. The firm’s 50-day simple moving average is $102.40 and its 200 day simple moving average is $98.04. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. International Flavors & Fragrances has a 1-year low of $69.73 and a 1-year high of $106.77.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.74%. International Flavors & Fragrances’s dividend payout ratio is currently -17.35%.

Analyst Ratings Changes

A number of analysts have commented on the company. UBS Group lifted their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a research report on Wednesday. JPMorgan Chase & Co. decreased their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday. Oppenheimer increased their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. Barclays lifted their price objective on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research note on Friday, October 11th. Finally, Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price objective on the stock in a research note on Thursday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $108.80.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.