International Flavors & Fragrances (IFF) Releases Quarterly Earnings Results, Beats Estimates By $0.10 EPS
International Flavors & Fragrances (NYSE:IFF) released its earnings results on Tuesday. The specialty chemicals company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.30 by $0.10, Bloomberg Earnings reports. International Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The firm had revenue of $854.60 million for the quarter, compared to the consensus estimate of $832.26 million. During the same quarter in the previous year, the firm earned $1.22 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year.
International Flavors & Fragrances (NYSE IFF) traded up $1.79 during trading on Wednesday, reaching $144.85. 680,763 shares of the company were exchanged, compared to its average volume of 376,461. The stock has a market capitalization of $11,440.00, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.60 and a beta of 1.11. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92. International Flavors & Fragrances has a 52 week low of $117.07 and a 52 week high of $157.40.
Several equities analysts have recently commented on the stock. Zacks Investment Research raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $175.00 target price on the stock in a report on Tuesday, January 9th. Evercore ISI raised shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 17th. Berenberg Bank reissued a “buy” rating and issued a $160.00 target price on shares of International Flavors & Fragrances in a report on Friday, November 10th. Finally, UBS Group reissued a “buy” rating and issued a $166.00 target price (up previously from $151.00) on shares of International Flavors & Fragrances in a report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $150.71.
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International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold 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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