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

International Flavors & Fragrances (NYSE:IFF) is scheduled to announce its earnings results after the market closes on Tuesday, November 5th. Analysts expect the company to announce earnings of $1.05 per share for the quarter. International Flavors & Fragrances has set its FY 2024 guidance at EPS.Parties that wish to register for the company’s conference call can do so using this link.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15. The company had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.86 EPS. On average, analysts expect International Flavors & Fragrances to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

International Flavors & Fragrances Price Performance

Shares of NYSE IFF opened at $98.93 on Friday. The firm has a 50-day simple moving average of $103.00 and a 200-day simple moving average of $97.74. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The stock has a market capitalization of $25.29 billion, a price-to-earnings ratio of -10.73, a price-to-earnings-growth ratio of 1.77 and a beta of 1.22. International Flavors & Fragrances has a 52 week low of $68.45 and a 52 week high of $106.77.

International Flavors & Fragrances Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a $0.40 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.62%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently -17.35%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. UBS Group cut their price objective on shares of International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a research report on Thursday, August 15th. Wells Fargo & Company raised their price target on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. Stifel Nicolaus upped their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a “buy” rating in a report on Thursday, October 24th. Citigroup raised their target price on International Flavors & Fragrances from $108.00 to $116.00 and gave the stock a “buy” rating in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. upped their price target on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, September 6th. One analyst has rated the stock with a sell rating, six have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has a consensus rating of “Moderate Buy” and a consensus target price of $107.86.

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.