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.
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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