International Flavors & Fragrances (IFF) Updates FY18 Earnings Guidance

International Flavors & Fragrances (NYSE:IFF) updated its FY18 earnings guidance on Monday. The company provided earnings per share guidance of $6.25-6.45 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.04. The company issued revenue guidance of $3.95-4.05 billion, compared to the consensus revenue estimate of $3.99 billion.International Flavors & Fragrances also updated its FY 2018 guidance to $6.25-6.45 EPS.

A number of analysts have issued reports on the stock. Zacks Investment Research raised shares of International Flavors & Fragrances from a sell rating to a hold rating in a report on Monday, August 13th. ValuEngine raised shares of International Flavors & Fragrances from a sell rating to a hold rating in a report on Thursday, July 26th. Stifel Nicolaus reissued a hold rating and issued a $139.00 price objective (up previously from $135.00) on shares of International Flavors & Fragrances in a report on Thursday, August 9th. Finally, Deutsche Bank raised shares of International Flavors & Fragrances from a hold rating to a buy rating and boosted their price objective for the company from $126.00 to $154.00 in a report on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average price target of $149.33.

Shares of NYSE:IFF traded up $3.64 during midday trading on Tuesday, hitting $149.67. The stock had a trading volume of 15,563 shares, compared to its average volume of 1,216,062. The stock has a market capitalization of $15.57 billion, a PE ratio of 25.43, a PEG ratio of 2.67 and a beta of 0.88. The company has a current ratio of 2.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.98. International Flavors & Fragrances has a fifty-two week low of $122.11 and a fifty-two week high of $157.40.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 EPS for the quarter, meeting the consensus estimate of $1.54. The company had revenue of $907.50 million during the quarter, compared to analysts’ expectations of $886.15 million. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. The business’s revenue for the quarter was up 4.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.47 EPS. On average, research analysts predict that International Flavors & Fragrances will post 6.07 EPS for the current fiscal year.

In other news, major shareholder Winder Investment Pte Ltd bought 100,000 shares of the company’s stock in a transaction dated Friday, August 10th. The stock was bought at an average cost of $133.85 per share, for a total transaction of $13,385,000.00. Following the transaction, the insider now owns 15,600,000 shares of the company’s stock, valued at $2,088,060,000. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Francisco Fortanet sold 1,389 shares of the business’s stock in a transaction that occurred on Thursday, September 20th. The shares were sold at an average price of $140.00, for a total transaction of $194,460.00. Following the completion of the transaction, the executive vice president now owns 16,193 shares of the company’s stock, valued at $2,267,020. The disclosure for this sale can be found here. Insiders bought a total of 637,000 shares of company stock valued at $86,899,117 over the last 90 days. Corporate insiders own 0.50% of the company’s stock.

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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 two segments, Flavors and Fragrances. The Flavors 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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Earnings History and Estimates for International Flavors & Fragrances (NYSE:IFF)

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