International Flavors & Fragrances (IFF) Scheduled to Post Quarterly Earnings on Monday

International Flavors & Fragrances (NYSE:IFF) will post its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect International Flavors & Fragrances to post earnings of $1.50 per share for the quarter. International Flavors & Fragrances has set its FY 2019 guidance at $6.30-6.50 EPS and its FY19 guidance at $6.30-$6.50 EPS.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Wednesday, February 13th. The specialty chemicals company reported $1.22 EPS for the quarter, missing the Zacks’ consensus estimate of $1.29 by ($0.07). The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. International Flavors & Fragrances’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.40 earnings per share. On average, analysts expect International Flavors & Fragrances to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Shares of IFF opened at $137.57 on Monday. The firm has a market cap of $14.67 billion, a P/E ratio of 21.91, a P/E/G ratio of 2.40 and a beta of 0.75. The company has a quick ratio of 1.65, a current ratio of 2.61 and a debt-to-equity ratio of 0.75. International Flavors & Fragrances has a 12 month low of $121.85 and a 12 month high of $150.57.

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Monday, March 25th were paid a dividend of $0.73 per share. The ex-dividend date of this dividend was Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a yield of 2.12%. International Flavors & Fragrances’s payout ratio is currently 46.50%.

In other news, major shareholder Winder Investment Pte Ltd acquired 29,642 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was acquired at an average price of $128.74 per share, for a total transaction of $3,816,111.08. Following the completion of the acquisition, the insider now directly owns 20,300,000 shares in the company, valued at approximately $2,613,422,000. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 165,588 shares of company stock valued at $21,637,048. Insiders own 0.39% of the company’s stock.

Several research analysts have recently issued reports on IFF shares. Zacks Investment Research raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday, April 23rd. Goldman Sachs Group raised International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their price target for the stock from $137.00 to $151.00 in a research note on Thursday, March 21st. KeyCorp decreased their price target on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research note on Monday, February 25th. Seaport Global Securities started coverage on International Flavors & Fragrances in a research note on Thursday, February 21st. They issued a “neutral” rating for the company. Finally, Citigroup decreased their price target on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, February 21st. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $144.33.

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About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Earnings History for International Flavors & Fragrances (NYSE:IFF)

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