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.
COPYRIGHT VIOLATION WARNING: “International Flavors & Fragrances (IFF) Scheduled to Post Quarterly Earnings on Monday” was originally published by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another site, it was stolen and reposted in violation of US and international copyright & trademark law. The legal version of this story can be accessed at https://transcriptdaily.com/2019/04/29/international-flavors-fragrances-iff-scheduled-to-post-quarterly-earnings-on-monday.html.
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.
Featured Article: 52-Week High/Low Prices For Stock Selection
Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.