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

International Flavors & Fragrances (NYSE:IFF) is scheduled to issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.90 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

International Flavors & Fragrances (NYSE:IFF) last released its earnings results on Monday, May 6th. The specialty chemicals company reported $1.13 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.27. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.87 EPS. 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 Performance

NYSE:IFF opened at $96.14 on Monday. The company has a market capitalization of $24.55 billion, a PE ratio of -9.84, a P/E/G ratio of 1.95 and a beta of 1.26. The company has a 50 day simple moving average of $96.66 and a two-hundred day simple moving average of $88.61. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.05 and a current ratio of 1.68. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $101.89.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 9th. Shareholders of record on Friday, September 20th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.66%. The ex-dividend date of this dividend is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio is presently -16.38%.

Insider Buying and Selling at International Flavors & Fragrances

In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of the firm’s stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the transaction, the insider now directly owns 8,539 shares in the company, valued at approximately $816,840.74. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.20% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on IFF. Mizuho increased their target price on shares of International Flavors & Fragrances from $91.00 to $98.00 and gave the company a “neutral” rating in a research report on Tuesday, May 7th. JPMorgan Chase & Co. upgraded International Flavors & Fragrances from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $75.00 to $100.00 in a report on Wednesday, May 8th. Stifel Nicolaus upgraded International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their price target for the stock from $95.00 to $115.00 in a report on Monday, July 22nd. Barclays increased their price target on International Flavors & Fragrances from $82.00 to $93.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 8th. Finally, UBS Group increased their price target on International Flavors & Fragrances from $95.00 to $100.00 and gave the stock a “neutral” rating in a report on Tuesday, July 9th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $98.33.

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.