International Flavors & Fragrances (IFF) to Release Earnings on Monday

International Flavors & Fragrances (NYSE:IFF) will be releasing its earnings data after the market closes on Monday, May 6th. Analysts expect International Flavors & Fragrances to post earnings of $0.84 per share for the quarter. International Flavors & Fragrances has set its FY 2024 guidance at EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

International Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter in the previous year, the business posted $0.97 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis. On average, analysts expect International Flavors & Fragrances to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

International Flavors & Fragrances Trading Down 0.2 %

IFF opened at $86.66 on Friday. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The stock has a market capitalization of $22.13 billion, a price-to-earnings ratio of -8.63, a PEG ratio of 1.88 and a beta of 1.21. The business has a fifty day moving average price of $82.49 and a 200 day moving average price of $78.64. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $97.49.

International Flavors & Fragrances Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 10th. Investors of record on Friday, June 21st will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.85%. International Flavors & Fragrances’s payout ratio is -15.94%.

Analyst Upgrades and Downgrades

IFF has been the topic of a number of analyst reports. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, March 25th. Robert W. Baird raised their target price on International Flavors & Fragrances from $80.00 to $85.00 and gave the stock an “outperform” rating in a research report on Thursday, February 22nd. Wells Fargo & Company increased their price target on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Thursday, April 4th. Argus cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Friday, March 8th. Finally, Citigroup upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their price objective for the company from $81.00 to $100.00 in a research note on Wednesday, April 10th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $86.35.

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.