International Flavors & Fragrances (IFF) Updates FY18 Earnings Guidance
International Flavors & Fragrances (NYSE:IFF) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $6.21-$6.33 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.34. The company issued revenue guidance of $3.60-$3.67 billion, compared to the consensus revenue estimate of $3.57 billion.
A number of equities research analysts have issued reports on the stock. Evercore ISI raised shares of International Flavors & Fragrances from an in-line rating to an outperform rating in a report on Wednesday, January 17th. Zacks Investment Research cut shares of International Flavors & Fragrances from a buy rating to a hold rating in a report on Wednesday, January 10th. Berenberg Bank reissued a buy rating and set 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 set a $166.00 target price (up previously from $151.00) on shares of International Flavors & Fragrances in a report on Tuesday, November 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the stock. International Flavors & Fragrances currently has a consensus rating of Hold and a consensus target price of $150.71.
International Flavors & Fragrances (NYSE:IFF) traded down $5.07 during trading on Thursday, hitting $139.78. 68,546 shares of the stock traded hands, compared to its average volume of 374,401. The company has a market capitalization of $11,298.47, a PE ratio of 25.91, a P/E/G ratio of 2.61 and a beta of 1.11. International Flavors & Fragrances has a 52-week low of $120.00 and a 52-week high of $157.40. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92.
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About International Flavors & Fragrances
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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