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.

Several equities research analysts have recently commented on the stock. Zacks Investment Research downgraded shares of International Flavors & Fragrances from a buy rating to a hold rating in a research 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 research report on Friday, November 10th. UBS Group reissued a buy rating and set a $166.00 target price (up from $151.00) on shares of International Flavors & Fragrances in a research 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 research report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $150.71.

International Flavors & Fragrances (NYSE IFF) traded up $1.79 during trading hours on Wednesday, hitting $144.85. 680,646 shares of the stock traded hands, compared to its average volume of 386,224. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $11,247.93, a P/E ratio of 27.49, a PEG ratio of 2.60 and a beta of 1.11. International Flavors & Fragrances has a one year low of $117.07 and a one year high of $157.40.

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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 and Estimates for International Flavors & Fragrances (NYSE:IFF)

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