International Flavors & Fragrances, Inc. (NYSE:IFF) is reporting third quarter earnings results on Monday 9th November 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 1.46 per share.
For the full year, analysts predict revenues of $ 5105.28 million, while looking forward to income of $ 5.77 per share.
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. communicated income for the second quarter of $ 1.36 per share, from the revenue of $ 1,199.00 million. The quarterly earnings dropped 15.53 percent while revenues shrunk 7.17 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.31 per share from $ 1221.30 million in revenue. The bottom line results beat street analysts by $ 0.05 or 3.82 percent, at the same time, top line results fell short of analysts by $ 22.3 million or 1.83 percent.
Stock Performance
On Friday, shares of International Flavors & Fragrances, Inc. has traded high as $ 109.19 and has cracked $ 107.48 on the downward trend, reaching $ 108.56 with volume of 1.42 million shares.
According to the previous trading day, closing price of $ 108.56, representing a 16.72 % increase from the 52 week low of $ 92.14 and a 25.25 % decrease over the 52 week high of $ 143.87.
The company has a market capital of $ 11.61 billion and is part of the Basic Materials sector and Specialty Chemicals industry.
Recent Analyst recommendations
- On 9th October 2020, initiated by Bank of America at Buy rating, with $ 155.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.77 per share on August 10, 2020. The dividend were payable on October 5, 2020 to holders of record as of the close of business on September 24, 2020 and ex-dividend date on September 23, 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.
