International Flavors & Fragrances Inc (NYSE:IFF) Expected to Post Earnings of $1.42 Per Share

Wall Street analysts forecast that International Flavors & Fragrances Inc (NYSE:IFF) will post earnings of $1.42 per share for the current quarter, Zacks reports. Four analysts have provided estimates for International Flavors & Fragrances’ earnings. The highest EPS estimate is $1.47 and the lowest is $1.35. International Flavors & Fragrances reported earnings of $1.22 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 16.4%. The company is scheduled to issue its next earnings results on Wednesday, February 12th.

On average, analysts expect that International Flavors & Fragrances will report full-year earnings of $6.18 per share for the current fiscal year, with EPS estimates ranging from $6.16 to $6.20. For the next financial year, analysts forecast that the business will report earnings of $6.56 per share, with EPS estimates ranging from $6.52 to $6.59. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that follow International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings data on Monday, November 4th. The specialty chemicals company reported $1.53 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The business had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. International Flavors & Fragrances had a return on equity of 10.39% and a net margin of 7.59%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period in the previous year, the business posted $1.64 EPS.

IFF has been the subject of a number of research analyst reports. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on shares of International Flavors & Fragrances from $140.00 to $150.00 and gave the stock an “overweight” rating in a research report on Friday, December 6th. Wells Fargo & Co raised their price objective on shares of International Flavors & Fragrances from $125.00 to $135.00 and gave the stock a “market perform” rating in a research report on Wednesday, November 6th. Societe Generale downgraded shares of International Flavors & Fragrances from a “buy” rating to a “sell” rating and set a $122.00 price objective for the company. in a research report on Monday, December 16th. Finally, Deutsche Bank raised their price objective on shares of International Flavors & Fragrances from $145.00 to $151.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $143.00.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 94,057 shares of the stock in a transaction that occurred on Thursday, December 26th. The shares were bought at an average price of $126.96 per share, for a total transaction of $11,941,476.72. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Nicolas Mirzayantz sold 979 shares of the company’s stock in a transaction dated Thursday, January 16th. The stock was sold at an average price of $130.05, for a total transaction of $127,318.95. Following the completion of the sale, the insider now owns 30,709 shares in the company, valued at approximately $3,993,705.45. The disclosure for this sale can be found here. Insiders sold a total of 2,827 shares of company stock worth $366,598 in the last 90 days. 0.39% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Benjamin Edwards Inc. grew its position in International Flavors & Fragrances by 15.0% in the 3rd quarter. Benjamin Edwards Inc. now owns 673 shares of the specialty chemicals company’s stock worth $83,000 after purchasing an additional 88 shares in the last quarter. LS Investment Advisors LLC grew its position in International Flavors & Fragrances by 2.1% in the 3rd quarter. LS Investment Advisors LLC now owns 4,541 shares of the specialty chemicals company’s stock worth $557,000 after purchasing an additional 94 shares in the last quarter. Diversified Trust Co grew its position in International Flavors & Fragrances by 4.2% in the 4th quarter. Diversified Trust Co now owns 2,367 shares of the specialty chemicals company’s stock worth $305,000 after purchasing an additional 96 shares in the last quarter. Penserra Capital Management LLC grew its position in International Flavors & Fragrances by 96.4% in the 3rd quarter. Penserra Capital Management LLC now owns 216 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 106 shares in the last quarter. Finally, Hendley & Co. Inc. grew its position in International Flavors & Fragrances by 0.4% in the 3rd quarter. Hendley & Co. Inc. now owns 26,567 shares of the specialty chemicals company’s stock worth $3,260,000 after purchasing an additional 115 shares in the last quarter. Institutional investors own 93.94% of the company’s stock.

Shares of NYSE IFF opened at $134.80 on Friday. The stock has a market capitalization of $14.40 billion, a price-to-earnings ratio of 39.88 and a beta of 0.85. The business has a 50-day moving average of $129.76 and a 200-day moving average of $127.66. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.05 and a quick ratio of 1.25. International Flavors & Fragrances has a fifty-two week low of $104.86 and a fifty-two week high of $152.95.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 27th were issued a $0.75 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.23%. International Flavors & Fragrances’s dividend payout ratio is presently 47.77%.

About International Flavors & Fragrances

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.

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Earnings History and Estimates for International Flavors & Fragrances (NYSE:IFF)

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