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

International Flavors & Fragrances (NYSE:IFF) is scheduled to release its earnings data after the market closes on Monday, May 6th. Analysts expect the company to announce earnings of $0.84 per share for the quarter. International Flavors & Fragrances has set its FY 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.03). The business had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. International Flavors & Fragrances’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the business earned $0.97 earnings per share. 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 Stock Down 0.2 %

International Flavors & Fragrances stock opened at $86.66 on Friday. The company has a current ratio of 1.67, a quick ratio of 1.02 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances has a 1-year low of $62.11 and a 1-year high of $97.49. The company has a fifty day simple moving average of $82.49 and a 200 day simple moving average of $78.64. The company has a market cap of $22.13 billion, a P/E ratio of -8.63, a price-to-earnings-growth ratio of 1.88 and a beta of 1.21.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.85%. The ex-dividend date is Friday, June 21st. International Flavors & Fragrances’s payout ratio is -15.94%.

Analyst Ratings Changes

IFF has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on International Flavors & Fragrances from $87.00 to $80.00 and set a “hold” rating for the company in a research note on Wednesday, February 21st. UBS Group upped their price target on shares of International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a “neutral” rating in a research report on Thursday, January 11th. Argus downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Friday, March 8th. Barclays upgraded shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research note on Thursday, April 18th. Finally, Robert W. Baird upped their price objective on International Flavors & Fragrances from $80.00 to $85.00 and gave the company an “outperform” rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Hold” and an average target price 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.