International Flavors & Fragrances (NYSE:IFF – Get Free Report) announced its earnings results on Tuesday. The specialty chemicals company reported $0.62 EPS for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46), RTT News reports. The firm had revenue of $2.93 billion during the quarter, compared to the consensus estimate of $2.83 billion. International Flavors & Fragrances had a positive return on equity of 6.63% and a negative net margin of 20.82%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.89 earnings per share. International Flavors & Fragrances updated its FY 2024 guidance to EPS.
International Flavors & Fragrances Price Performance
Shares of International Flavors & Fragrances stock traded up $3.39 during mid-day trading on Thursday, reaching $90.96. 3,453,837 shares of the stock traded hands, compared to its average volume of 1,670,608. The company has a quick ratio of 1.75, a current ratio of 2.38 and a debt-to-equity ratio of 0.60. The business has a 50-day moving average of $102.63 and a 200 day moving average of $98.09. The stock has a market capitalization of $23.25 billion, a PE ratio of -9.75, a PEG ratio of 1.77 and a beta of 1.22. International Flavors & Fragrances has a fifty-two week low of $69.73 and a fifty-two week high of $106.77.
International Flavors & Fragrances Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s payout ratio is -17.35%.
Wall Street Analysts Forecast Growth
About International Flavors & Fragrances
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.
Featured Articles
- Five stocks we like better than International Flavors & Fragrances
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Gilead’s Stock Surge: What’s Fueling the Momentum?
- Stock Splits, Do They Really Impact Investors?
- Breakout Alert: Qualcomm Just Hit The Rally Button
- What Are Trending Stocks? Trending Stocks Explained
- Mercado Libre Shares Go on Sale: Is Now the Time to Buy?
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.