International Flavors & Fragrances (NYSE:IFF) released its quarterly earnings results on Wednesday. The specialty chemicals company reported $1.46 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.45 by $0.01, Briefing.com reports. The firm had revenue of $1.28 billion during the quarter, compared to analyst estimates of $1.27 billion. International Flavors & Fragrances had a return on equity of 10.39% and a net margin of 7.59%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.32 EPS. International Flavors & Fragrances updated its FY 2020
After-Hours guidance to 6.20-6.45 EPS and its FY20 guidance to $6.20-6.45 EPS.
International Flavors & Fragrances stock traded up $0.15 during trading hours on Friday, hitting $136.89. 403,385 shares of the stock traded hands, compared to its average volume of 1,110,014. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.05 and a quick ratio of 1.25. The firm’s 50 day moving average price is $132.29 and its 200-day moving average price is $126.84. The stock has a market capitalization of $14.85 billion, a price-to-earnings ratio of 40.50 and a beta of 0.89. International Flavors & Fragrances has a 1 year low of $104.86 and a 1 year high of $152.95.
In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 924 shares of the business’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $125.70, for a total transaction of $116,146.80. Following the sale, the insider now owns 31,688 shares in the company, valued at approximately $3,983,181.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Winder Investment Pte Ltd purchased 94,057 shares of the company’s stock in a transaction on Thursday, December 26th. The shares were purchased at an average price of $126.96 per share, for a total transaction of $11,941,476.72. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 548,234 shares of company stock worth $73,120,570 and have sold 2,827 shares worth $366,598. 0.39% of the stock is currently owned by insiders.
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste segment offers flavor compounds primarily 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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