International Flavors & Fragrances (NYSE:IFF) issued its earnings results on Tuesday. The specialty chemicals company reported $1.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.10, Bloomberg Earnings reports. The business had revenue of $854.60 million for the quarter, compared to analysts’ expectations of $832.26 million. International Flavors & Fragrances had a return on equity of 27.13% and a net margin of 12.57%. The company’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 EPS.
Shares of International Flavors & Fragrances (NYSE:IFF) traded up $1.79 during trading on Wednesday, hitting $144.85. The stock had a trading volume of 680,763 shares, compared to its average volume of 376,461. The firm has a market capitalization of $11,440.00, a PE ratio of 27.75, a PEG ratio of 2.60 and a beta of 1.11. The company has a current ratio of 2.66, a quick ratio of 1.77 and a debt-to-equity ratio of 0.92. International Flavors & Fragrances has a 1-year low of $117.07 and a 1-year high of $157.40.
A number of equities analysts recently issued reports on the company. Evercore ISI upgraded International Flavors & Fragrances from an “in-line” rating to an “outperform” rating in a report on Wednesday, January 17th. Zacks Investment Research cut 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 issued a $160.00 target price on shares of International Flavors & Fragrances in a research report on Friday, November 10th. Finally, UBS Group reaffirmed a “buy” rating and issued a $166.00 target price (up previously from $151.00) on shares of International Flavors & Fragrances in a research report on Tuesday, November 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. International Flavors & Fragrances currently has an average rating of “Hold” and a consensus target price of $150.71.
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.
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