International Flavors & Fragrances (IFF) Set to Announce Earnings on Monday

International Flavors & Fragrances (NYSE:IFF) will be posting its quarterly earnings results after the market closes on Monday, May 6th. Analysts expect International Flavors & Fragrances to post earnings of $0.84 per share for the quarter. International Flavors & Fragrances has set its FY 2024 guidance at EPS.Investors 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 results on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. The company had revenue of $2.70 billion for the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the prior year, the firm earned $0.97 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. 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 Trading Up 0.3 %

International Flavors & Fragrances stock opened at $84.61 on Monday. The company’s fifty day simple moving average is $82.06 and its 200-day simple moving average is $78.25. The company has a quick ratio of 1.02, a current ratio of 1.67 and a debt-to-equity ratio of 0.63. International Flavors & Fragrances has a 12 month low of $62.11 and a 12 month high of $97.49. The stock has a market cap of $21.60 billion, a P/E ratio of -8.43, a P/E/G ratio of 1.89 and a beta of 1.23.

International Flavors & Fragrances Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Stockholders of record on Friday, March 22nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.89%. The ex-dividend date was Thursday, March 21st. International Flavors & Fragrances’s dividend payout ratio is currently -15.94%.

Analyst Ratings Changes

Several equities analysts have recently commented on IFF shares. Mizuho boosted their price target on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a report on Wednesday, March 20th. Morgan Stanley increased their target price on shares of International Flavors & Fragrances from $89.00 to $96.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 27th. Barclays raised shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 18th. Citigroup raised shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their target price for the stock from $81.00 to $100.00 in a research report on Wednesday, April 10th. Finally, StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, March 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $86.35.

About International Flavors & Fragrances

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.