International Flavors & Fragrances Inc. Forecasted to Post Q1 2022 Earnings of $1.51 Per Share (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFF) – Research analysts at Jefferies Financial Group issued their Q1 2022 earnings estimates for International Flavors & Fragrances in a research report issued to clients and investors on Thursday, January 13th. Jefferies Financial Group analyst L. Alexander anticipates that the specialty chemicals company will post earnings of $1.51 per share for the quarter. Jefferies Financial Group currently has a “Buy” rating and a $180.00 price target on the stock. Jefferies Financial Group also issued estimates for International Flavors & Fragrances’ Q2 2022 earnings at $1.57 EPS and Q3 2022 earnings at $1.58 EPS.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 8th. The specialty chemicals company reported $1.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.39 by $0.08. The firm had revenue of $3.07 billion during the quarter, compared to analyst estimates of $3.02 billion. International Flavors & Fragrances had a return on equity of 6.96% and a net margin of 2.50%. The company’s revenue was up 142.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.40 earnings per share.

A number of other brokerages also recently issued reports on IFF. Mizuho boosted their price target on International Flavors & Fragrances from $154.00 to $156.00 and gave the company a “neutral” rating in a report on Wednesday, November 10th. UBS Group dropped their price target on International Flavors & Fragrances from $187.00 to $185.00 and set a “buy” rating on the stock in a research report on Tuesday, January 4th. Deutsche Bank Aktiengesellschaft upped their price objective on International Flavors & Fragrances from $162.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, November 12th. Wells Fargo & Company lowered their price objective on International Flavors & Fragrances from $170.00 to $165.00 and set an “overweight” rating on the stock in a research report on Monday, December 13th. Finally, JPMorgan Chase & Co. increased their price target on International Flavors & Fragrances from $163.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, November 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $163.51.

Shares of NYSE:IFF opened at $145.79 on Friday. International Flavors & Fragrances has a 1 year low of $109.54 and a 1 year high of $157.08. The company has a market cap of $37.11 billion, a PE ratio of 118.53, a P/E/G ratio of 2.97 and a beta of 1.03. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.99 and a quick ratio of 1.32. The stock’s 50-day moving average is $146.56 and its 200 day moving average is $146.28.

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 7th. Stockholders of record on Tuesday, December 28th were paid a $0.79 dividend. The ex-dividend date was Monday, December 27th. This represents a $3.16 annualized dividend and a dividend yield of 2.17%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 256.91%.

Large investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its stake in shares of International Flavors & Fragrances by 209.8% in the 2nd quarter. O Shaughnessy Asset Management LLC now owns 189 shares of the specialty chemicals company’s stock worth $28,000 after purchasing an additional 128 shares in the last quarter. Achmea Investment Management B.V. purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth $31,000. Oakworth Capital Inc. purchased a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth $37,000. Liberty Wealth Management LLC increased its stake in shares of International Flavors & Fragrances by 56,140.0% in the 2nd quarter. Liberty Wealth Management LLC now owns 5,624 shares of the specialty chemicals company’s stock worth $38,000 after purchasing an additional 5,614 shares in the last quarter. Finally, Penserra Capital Management LLC purchased a new stake in shares of International Flavors & Fragrances in the 2nd quarter worth $39,000. Hedge funds and other institutional investors own 90.37% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products. It operates through the following segments: Taste and Scent. The Taste segment is sold 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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