International Flavors & Fragrances (NYSE:IFF) Announces Earnings Results

Key Points

• International Flavors & Fragrances (NYSE:IFF) reported quarterly earnings of $1.15 per share, surpassing analyst expectations by $0.05.
• The company declared a quarterly dividend of $0.40 per share, equating to an annualized yield of 2.3%.
• Analysts have varied ratings for IFF, with a consensus of Moderate Buy and an average price target of $93.43.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) released its earnings results on Tuesday. The specialty chemicals company reported $1.15 earnings per share for the quarter, beating the consensus estimate of $1.11 by $0.04, Zacks reports. International Flavors & Fragrances had a positive return on equity of 8.01% and a negative net margin of 3.48%. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.69 billion. During the same quarter in the prior year, the firm posted $1.16 earnings per share. The company's quarterly revenue was down 4.3% on a year-over-year basis. International Flavors & Fragrances updated its FY 2025 guidance to EPS.

International Flavors & Fragrances Trading Down 2.2%

IFF traded down $1.47 during midday trading on Thursday, hitting $64.69. 2,084,119 shares of the company were exchanged, compared to its average volume of 1,750,582. The firm has a market capitalization of $16.55 billion, a P/E ratio of -41.72, a P/E/G ratio of 3.12 and a beta of 1.04. International Flavors & Fragrances has a 1-year low of $63.71 and a 1-year high of $106.77. The company has a quick ratio of 1.39, a current ratio of 1.87 and a debt-to-equity ratio of 0.58. The firm's 50 day moving average price is $75.15 and its 200-day moving average price is $77.68.

International Flavors & Fragrances Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Stockholders of record on Monday, September 29th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, September 29th. This represents a $1.60 annualized dividend and a dividend yield of 2.5%. International Flavors & Fragrances's dividend payout ratio (DPR) is presently -103.23%.

Analyst Ratings Changes

Several brokerages have recently commented on IFF. Oppenheimer cut shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a research report on Thursday. Citigroup increased their price objective on International Flavors & Fragrances from $84.00 to $90.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Tigress Financial started coverage on International Flavors & Fragrances in a research note on Wednesday, June 4th. They issued a "buy" rating and a $105.00 target price for the company. Wells Fargo & Company cut their price target on International Flavors & Fragrances from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Thursday. Finally, UBS Group cut their price target on International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat, International Flavors & Fragrances currently has an average rating of "Moderate Buy" and a consensus target price of $92.79.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, Director Hernandez Margarita Palau acquired 850 shares of International Flavors & Fragrances stock in a transaction dated Monday, May 19th. The stock was purchased at an average cost of $77.42 per share, for a total transaction of $65,807.00. Following the completion of the acquisition, the director directly owned 2,393 shares of the company's stock, valued at $185,266.06. This represents a 55.09% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Kevin O'byrne acquired 4,500 shares of the firm's stock in a transaction on Thursday, May 22nd. The shares were bought at an average cost of $76.05 per share, with a total value of $342,225.00. Following the completion of the acquisition, the director directly owned 7,696 shares in the company, valued at approximately $585,280.80. This represents a 140.80% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 21,350 shares of company stock valued at $1,636,712 over the last 90 days. 0.20% of the stock is owned by company insiders.

Institutional Trading of International Flavors & Fragrances

Several institutional investors have recently made changes to their positions in IFF. Geneos Wealth Management Inc. lifted its position in International Flavors & Fragrances by 55.7% during the first quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company's stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of International Flavors & Fragrances by 25.5% in the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company's stock valued at $584,000 after acquiring an additional 1,530 shares during the last quarter. Empowered Funds LLC boosted its holdings in International Flavors & Fragrances by 71.5% during the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company's stock valued at $811,000 after acquiring an additional 4,358 shares during the period. Jones Financial Companies Lllp increased its position in shares of International Flavors & Fragrances by 15.7% in the first quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company's stock valued at $309,000 after acquiring an additional 539 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in International Flavors & Fragrances by 5.3% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company's stock valued at $2,042,000 after purchasing an additional 1,335 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.