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

International Flavors & Fragrances (NYSE:IFF) released its earnings results on Tuesday. The specialty chemicals company reported $1.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%.During the same period last year, the company earned $1.04 EPS. The business’s quarterly revenue was down 7.9% on a year-over-year basis. International Flavors & Fragrances updated its FY 2025 guidance to EPS.

International Flavors & Fragrances Stock Performance

Shares of IFF traded down $0.50 during mid-day trading on Tuesday, hitting $61.58. The stock had a trading volume of 2,864,303 shares, compared to its average volume of 1,911,850. The company has a market cap of $15.78 billion, a PE ratio of -39.73, a PEG ratio of 2.54 and a beta of 1.07. The company’s fifty day simple moving average is $63.56 and its two-hundred day simple moving average is $70.36. The company has a quick ratio of 1.12, a current ratio of 1.86 and a debt-to-equity ratio of 0.39. International Flavors & Fragrances has a fifty-two week low of $59.14 and a fifty-two week high of $99.82.

International Flavors & Fragrances Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on IFF shares. Argus cut their price target on shares of International Flavors & Fragrances from $85.00 to $70.00 and set a “buy” rating for the company in a report on Tuesday, October 7th. Bank of America lowered their target price on shares of International Flavors & Fragrances from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Barclays dropped their price objective on shares of International Flavors & Fragrances from $78.00 to $72.00 and set an “overweight” rating for the company in a research note on Friday, October 10th. Berenberg Bank cut their price target on shares of International Flavors & Fragrances from $78.80 to $78.30 and set a “hold” rating on the stock in a research note on Monday, September 29th. Finally, Oppenheimer downgraded shares of International Flavors & Fragrances from an “outperform” rating to a “market perform” rating in a research note on Thursday, August 7th. Thirteen equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $86.07.

Insider Buying and Selling at International Flavors & Fragrances

In other news, Director Paul J. Fribourg purchased 15,450 shares of International Flavors & Fragrances stock in a transaction dated Thursday, August 7th. The stock was bought at an average price of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the acquisition, the director owned 15,450 shares in the company, valued at $1,001,160. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO J Erik Fyrwald bought 15,300 shares of the firm’s stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $64.95 per share, with a total value of $993,735.00. Following the transaction, the chief executive officer owned 77,370 shares in the company, valued at $5,025,181.50. The trade was a 24.65% increase in their position. The SEC filing for this purchase provides additional information. 0.20% of the stock is owned by insiders.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of International Flavors & Fragrances by 1,842.0% during the second quarter. Ameriprise Financial Inc. now owns 2,491,606 shares of the specialty chemicals company’s stock valued at $183,264,000 after purchasing an additional 2,363,307 shares in the last quarter. Bank of America Corp DE increased its position in shares of International Flavors & Fragrances by 13.8% during the 2nd quarter. Bank of America Corp DE now owns 1,497,084 shares of the specialty chemicals company’s stock valued at $110,110,000 after purchasing an additional 181,742 shares during the period. California State Teachers Retirement System raised its position in International Flavors & Fragrances by 7.5% in the second quarter. California State Teachers Retirement System now owns 376,037 shares of the specialty chemicals company’s stock worth $27,658,000 after acquiring an additional 26,191 shares in the last quarter. Alliancebernstein L.P. raised its position in International Flavors & Fragrances by 16.4% in the second quarter. Alliancebernstein L.P. now owns 373,621 shares of the specialty chemicals company’s stock worth $27,480,000 after acquiring an additional 52,600 shares in the last quarter. Finally, AQR Capital Management LLC lifted its stake in International Flavors & Fragrances by 175.8% during the second quarter. AQR Capital Management LLC now owns 324,050 shares of the specialty chemicals company’s stock valued at $23,834,000 after purchasing an additional 206,555 shares during the last quarter. 96.02% of the stock is currently owned by institutional investors.

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.