International Flavors & Fragrances (IFF) to Release Quarterly Earnings on Tuesday

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

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Tuesday, August 6th. The specialty chemicals company reported $1.16 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.15. The business had revenue of $2.89 billion for the quarter, compared to the consensus estimate 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 business’s quarterly revenue was down 1.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.86 earnings per share. 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. International Flavors & Fragrances has a 52 week low of $68.45 and a 52 week high of $106.77. The company has a 50-day moving average price of $103.00 and a 200 day moving average price of $97.74. The company has a market cap of $25.29 billion, a P/E ratio of -10.73, a PEG ratio of 1.77 and a beta of 1.22. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date 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%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. raised their target price on International Flavors & Fragrances from $102.00 to $110.00 and gave the company an “overweight” rating in a report on Friday, September 6th. Citigroup increased their target price on shares of International Flavors & Fragrances from $108.00 to $116.00 and gave the company a “buy” rating in a report on Friday, July 12th. Wells Fargo & Company upped their price target on International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Thursday, August 8th. UBS Group reduced their price objective on International Flavors & Fragrances from $107.00 to $103.00 and set a “neutral” rating for the company in a report on Thursday, August 15th. Finally, Barclays raised their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the company an “equal weight” rating in a research report on Friday, October 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.86.

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.