International Flavors & Fragrances Inc. Declares Quarterly Dividend of $0.40 (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFF) declared a quarterly dividend on Tuesday, July 30th, Zacks reports. Stockholders of record on Friday, September 20th will be given a dividend of 0.40 per share by the specialty chemicals company on Wednesday, October 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, September 20th.

International Flavors & Fragrances has raised its dividend by an average of 2.2% annually over the last three years. International Flavors & Fragrances has a dividend payout ratio of 34.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect International Flavors & Fragrances to earn $4.55 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 35.2%.

International Flavors & Fragrances Trading Down 0.7 %

NYSE:IFF opened at $103.46 on Thursday. The firm has a market capitalization of $26.42 billion, a P/E ratio of -10.59, a P/E/G ratio of 1.85 and a beta of 1.22. The business has a 50 day simple moving average of $99.47 and a 200 day simple moving average of $93.28. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.38 and a quick ratio of 1.75. International Flavors & Fragrances has a 12-month low of $62.28 and a 12-month high of $105.30.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.15. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The business had revenue of $2.89 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same quarter last year, the company earned $0.86 EPS. The company’s revenue for the quarter was down 1.4% compared to the same quarter last year. Equities research analysts predict that International Flavors & Fragrances will post 4.23 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently commented on IFF. Mizuho upgraded International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and raised their target price for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Morgan Stanley lifted their price objective on shares of International Flavors & Fragrances from $100.00 to $103.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 3rd. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and increased their target price for the company from $95.00 to $115.00 in a research report on Monday, July 22nd. Oppenheimer upped their price target on shares of International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 11th. Finally, JPMorgan Chase & Co. boosted their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the stock an “overweight” rating in a report on Friday, September 6th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $103.87.

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.