International Flavors & Fragrances (NYSE:IFF – Get Free Report) issued its earnings results on Tuesday. The specialty chemicals company reported $0.62 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.46), RTT News reports. International Flavors & Fragrances had a negative net margin of 20.82% and a positive return on equity of 6.63%. The company had revenue of $2.93 billion for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period in the prior year, the firm posted $0.89 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year. International Flavors & Fragrances updated its FY 2024 guidance to EPS.
International Flavors & Fragrances Stock Performance
NYSE IFF traded down $11.63 during trading hours on Wednesday, reaching $87.47. The stock had a trading volume of 3,879,633 shares, compared to its average volume of 1,656,622. International Flavors & Fragrances has a 52-week low of $69.73 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.75 and a current ratio of 2.38. The stock has a market cap of $22.36 billion, a P/E ratio of -9.61, a price-to-earnings-growth ratio of 1.76 and a beta of 1.22. The stock has a fifty day moving average of $102.93 and a 200 day moving average of $98.17.
International Flavors & Fragrances Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 dividend on an annualized basis and a yield of 1.83%. International Flavors & Fragrances’s dividend payout ratio (DPR) is -17.35%.
Analyst Upgrades and Downgrades
View Our Latest Analysis on IFF
International Flavors & Fragrances Company Profile
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.
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