International Flavors & Fragrances (NYSE:IFF) updated its FY 2018 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $6.25-6.45 for the period, compared to the Thomson Reuters consensus estimate of $5.95. The company issued revenue guidance of $3.95-4.05 billion, compared to the consensus revenue estimate of $3.98 billion.International Flavors & Fragrances also updated its FY18 guidance to $6.25-6.45 EPS.
A number of brokerages recently weighed in on IFF. Zacks Investment Research raised shares of International Flavors & Fragrances from a sell rating to a hold rating in a research note on Monday, August 13th. ValuEngine raised shares of International Flavors & Fragrances from a sell rating to a hold rating in a research note on Thursday, July 26th. Stifel Nicolaus reaffirmed a hold rating and issued a $139.00 target price (up from $135.00) on shares of International Flavors & Fragrances in a research note on Thursday, August 9th. Finally, Deutsche Bank raised shares of International Flavors & Fragrances from a hold rating to a buy rating and raised their target price for the company from $126.00 to $154.00 in a research note on Tuesday, October 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of $149.33.
NYSE IFF traded down $6.36 on Wednesday, reaching $142.33. 487,589 shares of the company’s stock traded hands, compared to its average volume of 1,216,062. International Flavors & Fragrances has a 12 month low of $122.11 and a 12 month high of $157.40. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90. The stock has a market capitalization of $15.57 billion, a P/E ratio of 24.16, a PEG ratio of 2.67 and a beta of 0.88.
International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 EPS for the quarter, meeting analysts’ consensus estimates of $1.54. International Flavors & Fragrances had a net margin of 8.35% and a return on equity of 28.32%. The business had revenue of $907.50 million for the quarter, compared to analysts’ expectations of $886.15 million. During the same period last year, the business earned $1.47 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. As a group, equities analysts expect that International Flavors & Fragrances will post 6.07 earnings per share for the current fiscal year.
In other International Flavors & Fragrances news, EVP Francisco Fortanet sold 1,389 shares of the 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 transaction, the executive vice president now directly owns 16,193 shares in the company, valued at $2,267,020. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, major shareholder Winder Investment Pte Ltd purchased 100,000 shares of International Flavors & Fragrances stock in a transaction on Friday, August 10th. The shares were acquired at an average price of $133.85 per share, for a total transaction of $13,385,000.00. Following the completion of the transaction, the insider now directly owns 15,600,000 shares of the company’s stock, valued at $2,088,060,000. The disclosure for this purchase can be found here. Insiders have acquired 457,000 shares of company stock worth $62,755,717 over the last quarter. Company insiders own 0.50% of the company’s stock.
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About International Flavors & Fragrances
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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