International Flavors & Fragrances (NYSE:IFF) Issues Quarterly Earnings Results, Beats Estimates By $0.17 EPS

International Flavors & Fragrances (NYSE:IFF) announced its quarterly earnings data on Tuesday, May 5th. The specialty chemicals company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.08 by $0.17, Zacks reports. International Flavors & Fragrances had a return on equity of 7.65% and a net margin of 7.78%.The company had revenue of $2.74 billion for the quarter, compared to analyst estimates of $2.64 billion. During the same quarter last year, the firm earned $1.20 EPS. International Flavors & Fragrances’s revenue for the quarter was down 3.6% compared to the same quarter last year.

International Flavors & Fragrances Stock Down 0.1%

NYSE:IFF opened at $76.01 on Monday. The stock’s fifty day simple moving average is $73.20 and its 200-day simple moving average is $71.76. The firm has a market capitalization of $19.41 billion, a P/E ratio of 23.25, a P/E/G ratio of 1.67 and a beta of 0.94. The company has a quick ratio of 0.87, a current ratio of 1.49 and a debt-to-equity ratio of 0.33. International Flavors & Fragrances has a 12-month low of $59.14 and a 12-month high of $84.45.

International Flavors & Fragrances Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Thursday, June 18th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 48.93%.

Wall Street Analyst Weigh In

IFF has been the subject of several recent analyst reports. Rothschild & Co Redburn dropped their price objective on International Flavors & Fragrances from $74.00 to $71.00 in a research note on Friday, May 8th. Mizuho lifted their target price on shares of International Flavors & Fragrances from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 12th. Weiss Ratings raised International Flavors & Fragrances from a “sell (d)” rating to a “hold (c)” rating in a report on Wednesday, May 6th. Oppenheimer lifted their price objective on International Flavors & Fragrances from $88.00 to $90.00 and gave the company an “outperform” rating in a research report on Thursday, May 7th. Finally, BNP Paribas Exane raised their target price on International Flavors & Fragrances from $85.00 to $95.00 in a research note on Thursday, May 7th. Twelve research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $90.80.

Insider Transactions at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Paul J. Fribourg bought 142,000 shares of International Flavors & Fragrances stock in a transaction on Thursday, March 12th. The shares were purchased at an average cost of $70.13 per share, for a total transaction of $9,958,460.00. Following the completion of the acquisition, the director owned 2,422,730 shares in the company, valued at approximately $169,906,054.90. The trade was a 6.23% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.07% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in IFF. Pacer Advisors Inc. boosted its position in International Flavors & Fragrances by 7.6% during the fourth quarter. Pacer Advisors Inc. now owns 21,984 shares of the specialty chemicals company’s stock worth $1,482,000 after purchasing an additional 1,544 shares during the period. Invesco Ltd. increased its stake in shares of International Flavors & Fragrances by 4.9% during the fourth quarter. Invesco Ltd. now owns 7,519,812 shares of the specialty chemicals company’s stock worth $506,760,000 after purchasing an additional 352,636 shares during the period. Corient Private Wealth LLC lifted its holdings in International Flavors & Fragrances by 63.8% during the 4th quarter. Corient Private Wealth LLC now owns 110,140 shares of the specialty chemicals company’s stock worth $7,422,000 after purchasing an additional 42,906 shares during the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in International Flavors & Fragrances by 36.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 51,528 shares of the specialty chemicals company’s stock valued at $3,472,000 after purchasing an additional 13,685 shares during the period. Finally, State of Tennessee Department of Treasury grew its holdings in International Flavors & Fragrances by 231.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 95,739 shares of the specialty chemicals company’s stock valued at $6,684,000 after buying an additional 66,872 shares in the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.