International Flavors & Fragrances (NYSE:IFF) Updates FY19 Earnings Guidance

International Flavors & Fragrances (NYSE:IFF) issued an update on its FY19 earnings guidance on Monday morning. The company provided earnings per share guidance of $6.15-$6.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.38. The company issued revenue guidance of $5.15-$5.25 billion, compared to the consensus revenue estimate of $5.23 billion.International Flavors & Fragrances also updated its FY 2019 guidance to $6.15-6.35 EPS.

Shares of IFF stock traded up $0.41 during trading hours on Wednesday, hitting $119.32. 113,706 shares of the company were exchanged, compared to its average volume of 588,898. The company’s fifty day moving average price is $144.14. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.56 and a quick ratio of 1.58. International Flavors & Fragrances has a 52-week low of $118.25 and a 52-week high of $152.95. The firm has a market cap of $15.34 billion, a PE ratio of 19.00 and a beta of 0.75.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, August 5th. The specialty chemicals company reported $1.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.61. International Flavors & Fragrances had a net margin of 7.29% and a return on equity of 12.74%. The company had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.31 billion. During the same quarter last year, the business posted $1.76 EPS. International Flavors & Fragrances’s quarterly revenue was up 41.3% compared to the same quarter last year. Research analysts forecast that International Flavors & Fragrances will post 6.3 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Monday, September 23rd will be paid a dividend of $0.75 per share. The ex-dividend date is Friday, September 20th. This represents a $3.00 annualized dividend and a dividend yield of 2.51%. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.73. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 46.50%.

IFF has been the subject of several research analyst reports. UBS Group raised their price target on shares of International Flavors & Fragrances from $168.00 to $172.00 and gave the stock a buy rating in a research note on Tuesday, May 7th. Exane BNP Paribas lowered shares of International Flavors & Fragrances to an underperform rating in a research note on Friday, June 21st. JPMorgan Chase & Co. upgraded shares of International Flavors & Fragrances from a neutral rating to an overweight rating and decreased their price target for the stock from $127.00 to $125.00 in a research note on Wednesday. ValuEngine lowered shares of International Flavors & Fragrances from a buy rating to a hold rating in a research note on Tuesday, July 2nd. Finally, BNP Paribas lowered shares of International Flavors & Fragrances from a neutral rating to an underperform rating in a research note on Friday, June 21st. Four investment analysts have rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus target price of $147.33.

In related news, insider Nicolas Mirzayantz sold 2,500 shares of International Flavors & Fragrances stock in a transaction that occurred on Tuesday, June 4th. The shares were sold at an average price of $142.00, for a total value of $355,000.00. Following the completion of the transaction, the insider now directly owns 40,858 shares in the company, valued at approximately $5,801,836. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 10,508 shares of company stock valued at $1,496,115 over the last quarter. 0.39% of the stock is owned by company insiders.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food, and sweet products.

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Earnings History and Estimates for International Flavors & Fragrances (NYSE:IFF)

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