International Flavors & Fragrances (NYSE:IFF – Get Free Report) released its quarterly earnings results on Monday. The specialty chemicals company reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.27, Briefing.com reports. The firm had revenue of $2.90 billion during the quarter, compared to analysts’ expectations of $2.78 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. International Flavors & Fragrances’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.87 EPS. International Flavors & Fragrances updated its FY 2024 guidance to EPS.
International Flavors & Fragrances Stock Down 1.0 %
Shares of NYSE IFF traded down $1.00 during trading hours on Thursday, hitting $96.23. The stock had a trading volume of 627,287 shares, compared to its average volume of 2,118,220. The company has a market capitalization of $24.57 billion, a P/E ratio of -9.68, a P/E/G ratio of 1.94 and a beta of 1.21. The firm’s 50-day moving average price is $83.72 and its two-hundred day moving average price is $79.43. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.02 and a current ratio of 1.67. International Flavors & Fragrances has a 52 week low of $62.11 and a 52 week high of $97.48.
International Flavors & Fragrances Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 10th. Stockholders of record on Friday, June 21st will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.66%. The ex-dividend date of this dividend is Friday, June 21st. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -15.94%.
Analyst Ratings Changes
View Our Latest Research Report on International Flavors & Fragrances
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.
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