International Flavors & Fragrances (NYSE:IFF – Get Free Report) posted its quarterly earnings results on Monday. The specialty chemicals company reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.27, Briefing.com reports. The business had revenue of $2.90 billion during the quarter, compared to the consensus estimate of $2.78 billion. International Flavors & Fragrances had a negative net margin of 22.36% and a positive return on equity of 5.09%. International Flavors & Fragrances’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.87 EPS. International Flavors & Fragrances updated its FY 2024 guidance to EPS.
International Flavors & Fragrances Stock Down 1.0 %
NYSE IFF traded down $1.00 during mid-day trading on Thursday, reaching $96.23. The stock had a trading volume of 627,287 shares, compared to its average volume of 2,118,220. International Flavors & Fragrances has a 1 year low of $62.11 and a 1 year high of $97.48. The company has a fifty day moving average price of $83.72 and a 200 day moving average price of $79.43. The stock has a market cap of $24.57 billion, a PE ratio of -9.68, a price-to-earnings-growth ratio of 1.94 and a beta of 1.21. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02.
International Flavors & Fragrances Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 10th. Shareholders of record on Friday, June 21st will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $1.60 annualized dividend and a yield of 1.66%. International Flavors & Fragrances’s payout ratio is -15.94%.
Wall Street Analysts Forecast Growth
Get Our Latest Stock Analysis on International Flavors & Fragrances
International Flavors & Fragrances Company Profile
International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.
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