International Flavors & Fragrances (NYSE:IFF) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $6.30-$6.50 for the period, compared to the Thomson Reuters consensus estimate of $6.50. The company issued revenue guidance of $5.2-$5.3 billion, compared to the consensus revenue estimate of $5.37 billion.International Flavors & Fragrances also updated its FY 2019 guidance to $6.30-6.50 EPS.
NYSE:IFF traded down $0.66 during trading hours on Wednesday, reaching $145.22. 678,905 shares of the company were exchanged, compared to its average volume of 613,613. The company has a market capitalization of $15.55 billion, a P/E ratio of 24.66, a P/E/G ratio of 2.80 and a beta of 0.83. International Flavors & Fragrances has a 1-year low of $122.11 and a 1-year high of $150.57. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 8.21.
IFF has been the topic of a number of analyst reports. Deutsche Bank raised International Flavors & Fragrances from a hold rating to a buy rating and increased their price target for the stock from $126.00 to $154.00 in a research report on Tuesday, October 16th. ValuEngine raised International Flavors & Fragrances from a hold rating to a buy rating in a report on Tuesday, November 6th. Zacks Investment Research raised International Flavors & Fragrances from a sell rating to a hold rating in a report on Monday, January 21st. Citigroup assumed coverage on International Flavors & Fragrances in a report on Friday, November 16th. They issued a neutral rating and a $152.00 target price on the stock. Finally, Raymond James downgraded International Flavors & Fragrances from a market perform rating to an underperform rating and set a $135.00 target price on the stock. in a report on Friday, November 16th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company’s stock. International Flavors & Fragrances currently has an average rating of Hold and a consensus price target of $145.00.
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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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