International Flavors & Fragrances (NYSE:IFF – Get Free Report) announced its earnings results on Tuesday. The specialty chemicals company reported $1.16 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.15, Briefing.com reports. International Flavors & Fragrances had a negative net margin of 22.01% and a positive return on equity of 5.78%. The company had revenue of $2.89 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the previous year, the business earned $0.86 earnings per share. The firm’s quarterly revenue was down 1.4% compared to the same quarter last year. International Flavors & Fragrances updated its FY 2024 guidance to EPS.
International Flavors & Fragrances Trading Down 1.5 %
International Flavors & Fragrances stock traded down $1.42 during mid-day trading on Wednesday, reaching $95.06. 320,751 shares of the company traded hands, compared to its average volume of 1,830,673. The firm’s 50 day moving average price is $96.65 and its 200 day moving average price is $88.84. International Flavors & Fragrances has a 52-week low of $62.11 and a 52-week high of $101.89. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.68 and a quick ratio of 1.05. The firm has a market capitalization of $24.27 billion, a price-to-earnings ratio of -9.88, a P/E/G ratio of 1.95 and a beta of 1.26.
International Flavors & Fragrances Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 9th. Investors of record on Friday, September 20th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.68%. The ex-dividend date is Friday, September 20th. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -16.38%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on IFF
Insider Transactions at International Flavors & Fragrances
In other International Flavors & Fragrances news, insider Angela Strzelecki sold 2,588 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $95.66, for a total transaction of $247,568.08. Following the sale, the insider now directly owns 8,539 shares of the company’s stock, valued at approximately $816,840.74. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
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.
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