International Flavors & Fragrances (NYSE:IFF) Releases Earnings Results, Beats Estimates By $0.03 EPS

International Flavors & Fragrances (NYSE:IFF) announced its quarterly earnings data on Tuesday. The specialty chemicals company reported $1.05 EPS for the quarter, beating the consensus estimate of $1.02 by $0.03, Zacks reports. International Flavors & Fragrances had a positive return on equity of 7.95% and a negative net margin of 3.48%.The firm’s quarterly revenue was down 7.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.04 EPS. International Flavors & Fragrances updated its FY 2025 guidance to EPS.

International Flavors & Fragrances Stock Performance

IFF traded down $0.50 on Tuesday, reaching $61.58. 2,864,303 shares of the stock were exchanged, compared to its average volume of 1,911,850. The company’s 50-day moving average price is $63.67 and its 200 day moving average price is $70.44. The firm has a market capitalization of $15.78 billion, a PE ratio of -39.73, a PEG ratio of 2.54 and a beta of 1.07. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $99.82. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.86 and a quick ratio of 1.12.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 9th. Investors of record on Friday, December 19th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 19th. This represents a $1.60 dividend on an annualized basis and a yield of 2.6%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -103.23%.

Insiders Place Their Bets

In related news, CEO J Erik Fyrwald bought 15,300 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the acquisition, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. The trade was a 24.65% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul J. Fribourg purchased 15,450 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director directly owned 15,450 shares of the company’s stock, valued at $1,001,160. This trade represents a ? increase in their position. The SEC filing for this purchase provides additional information. 0.20% of the stock is owned by corporate insiders.

Institutional Trading of International Flavors & Fragrances

Institutional investors and hedge funds have recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of International Flavors & Fragrances by 5.3% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after buying an additional 1,335 shares during the period. Vident Advisory LLC lifted its holdings in International Flavors & Fragrances by 9.5% in the second quarter. Vident Advisory LLC now owns 7,765 shares of the specialty chemicals company’s stock valued at $571,000 after acquiring an additional 672 shares during the last quarter. Two Sigma Securities LLC purchased a new position in International Flavors & Fragrances in the second quarter worth approximately $683,000. Tidal Investments LLC raised its position in International Flavors & Fragrances by 36.9% in the second quarter. Tidal Investments LLC now owns 5,292 shares of the specialty chemicals company’s stock valued at $389,000 after purchasing an additional 1,425 shares during the period. Finally, Oxford Asset Management LLP acquired a new position in shares of International Flavors & Fragrances in the 2nd quarter valued at $338,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wolfe Research upgraded shares of International Flavors & Fragrances from an “underperform” rating to a “peer perform” rating in a report on Monday, September 8th. BNP Paribas cut their price objective on shares of International Flavors & Fragrances from $92.00 to $91.00 in a report on Monday, September 29th. UBS Group lowered their target price on International Flavors & Fragrances from $71.00 to $66.00 and set a “neutral” rating for the company in a report on Monday, October 6th. Citigroup cut their price target on International Flavors & Fragrances from $82.00 to $75.00 and set a “buy” rating on the stock in a report on Monday, October 6th. Finally, Morgan Stanley reduced their price target on International Flavors & Fragrances from $92.00 to $90.00 and set an “overweight” rating for the company in a research report on Monday, September 22nd. Thirteen analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $86.07.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.