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

International Flavors & Fragrances (NYSE:IFF) will be announcing its earnings results 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.Investors that wish to register for the company’s conference call can do so using this link.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 earnings per share for the quarter, missing the consensus estimate of $0.75 by ($0.03). International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The business had revenue of $2.70 billion during the quarter, compared to analysts’ expectations of $2.70 billion. During the same quarter in the previous year, the company posted $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 Stock Performance

Shares of International Flavors & Fragrances stock opened at $86.64 on Friday. The firm has a market cap of $22.12 billion, a PE ratio of -8.63, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. 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 52 week low of $62.11 and a 52 week high of $97.49. The business’s fifty day simple moving average is $82.62 and its 200-day simple moving average is $78.78.

International Flavors & Fragrances Announces Dividend

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

Wall Street Analysts Forecast Growth

Several equities analysts have commented on IFF shares. Argus downgraded shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Friday, March 8th. Mizuho lifted their price objective on International Flavors & Fragrances from $83.00 to $91.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday, March 20th. Jefferies Financial Group upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price target for the stock from $73.00 to $112.00 in a research note on Friday, January 12th. Finally, Barclays raised shares of International Flavors & Fragrances from an “underweight” rating to an “equal weight” rating in a research report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target 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.