International Flavors & Fragrances (IFF) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS

International Flavors & Fragrances (NYSE:IFF) announced its earnings results on Tuesday. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.30 by $0.10, Bloomberg Earnings reports. The company had revenue of $854.60 million during the quarter, compared to analyst estimates of $832.26 million. International Flavors & Fragrances had a net margin of 12.57% and a return on equity of 27.13%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 earnings per share.

Shares of International Flavors & Fragrances (NYSE:IFF) traded up $1.79 during trading hours on Wednesday, reaching $144.85. 680,763 shares of the company’s stock traded hands, compared to its average volume of 376,461. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.66 and a quick ratio of 1.77. International Flavors & Fragrances has a twelve month low of $117.07 and a twelve month high of $157.40. The stock has a market capitalization of $11,440.00, a P/E ratio of 27.75, a P/E/G ratio of 2.60 and a beta of 1.11.

Several analysts recently issued reports on the stock. Zacks Investment Research lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, January 10th. Berenberg Bank reaffirmed a “buy” rating and set a $160.00 price target on shares of International Flavors & Fragrances in a report on Friday, November 10th. UBS Group reaffirmed a “buy” rating and set a $166.00 price target (up previously from $151.00) on shares of International Flavors & Fragrances in a report on Tuesday, November 7th. Finally, Evercore ISI raised shares of International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $150.71.

COPYRIGHT VIOLATION NOTICE: “International Flavors & Fragrances (IFF) Issues Quarterly Earnings Results, Beats Expectations By $0.10 EPS” was posted by American Banking News and is owned by of American Banking News. If you are viewing this article on another site, it was copied illegally and republished in violation of US & international trademark and copyright law. The correct version of this article can be viewed at https://www.americanbankingnews.com/2018/02/14/international-flavors-fragrances-iff-issues-quarterly-earnings-results-beats-expectations-by-0-10-eps.html.

International Flavors & Fragrances Company Profile

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.

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply