International Flavors & Fragrances, Inc. (NYSE:IFF) is expected to report second quarter earnings results, after market close, on Monday 10th August 2020.
Analysts polled by Thomson Reuters anticipate second quarter income of $ 1.31 per share.
Looking ahead, the full year income are expected at $ 5.79 per share on the revenues of $ 5086.57 million.
The Company Outlook
Full Year 2020 topline are forecasted in a range of$ 5,150.00 million ~ $ 5,350.00 million, where as bottomline are predicted in a range of $ 6.20 ~ $ 6.45 per share
Click Here For More Historical Outlooks Of International Flavors & Fragrances, Inc.
Previous Quarter Performance
International Flavors & Fragrances, Inc. revealed income for the first quarter of $ 1.62 per share, from the revenue of $ 1,347.00 million. The quarterly earnings escalated 3.18 percent while revenues expanded 3.82 percent compared with the same quarter last year.
According to street consensus, IFF was expected to report 1Q20 income of $ 1.59 per share from revenue of $ 1312.38 million. The bottom line results beat street analysts by $ 0.03 or 1.89 percent, at the same time, top line results outshined analysts by $ 34.62 million or 2.64 percent.
Historical Earnings Performance
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Stock Performance
According to the previous trading day, closing price of IFF was $ 126.80, representing a 37.62 % increase from the 52 week low of $ 92.14 and a 11.86 % decrease over the 52 week high of $ 143.87.
The company has a market capital of $ 13.56 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
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Recent Analyst recommendations
- On 10th July 2020, initiated by Stephens at Overweight rating, with $ 150.00 target price.
- On 22nd June 2020, downgraded by Exane BNP Paribas to Underperform from Neutral rating.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.75 per share on May 6, 2020. The dividend were payable on July 6, 2020 to holders of record as of the close of business on June 25, 2020 and ex-dividend date on June 24, 2020.
International Flavors & Fragrances Inc., together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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.
