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

Equities analysts expect International Flavors & Fragrances Inc (NYSE:IFF) to report earnings of $1.42 per share for the current quarter, according to Zacks. Four analysts have made estimates for International Flavors & Fragrances’ earnings. The lowest EPS estimate is $1.35 and the highest is $1.47. International Flavors & Fragrances reported earnings of $1.22 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 16.4%. The firm is scheduled to announce its next quarterly 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 year, with EPS estimates ranging from $6.16 to $6.20. For the next year, analysts expect that the business will post earnings of $6.56 per share, with EPS estimates ranging from $6.52 to $6.59. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for 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 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.54 by ($0.01). The company had revenue of $1.27 billion during the quarter, compared to analyst estimates of $1.29 billion. International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The business’s quarterly revenue was up 39.7% compared to the same quarter last year. During the same period last year, the firm earned $1.64 EPS.

IFF has been the subject of several recent analyst reports. Citigroup lowered International Flavors & Fragrances from a “buy” rating to a “neutral” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. lifted their price target on International Flavors & Fragrances from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Friday, December 6th. UBS Group cut their price target on International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating for the company in a research note on Wednesday, October 2nd. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating and set a $133.00 price target for the company. in a research note on Tuesday, January 7th. Finally, Deutsche Bank lifted their price target on International Flavors & Fragrances from $145.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Five investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the stock. International Flavors & Fragrances has a consensus rating of “Hold” and a consensus price target of $143.00.

In other news, major shareholder Winder Investment Pte Ltd acquired 94,057 shares of the business’s stock in a transaction on Thursday, December 26th. The stock was bought at an average cost of $126.96 per share, for a total transaction of $11,941,476.72. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Nicolas Mirzayantz sold 924 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $125.70, for a total value of $116,146.80. Following the sale, the insider now owns 31,688 shares of the company’s stock, valued at $3,983,181.60. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,827 shares of company stock valued at $366,598. 0.39% of the stock is owned by company insiders.

Large investors have recently bought and sold shares of the business. Massey Quick Simon & CO. LLC purchased a new stake in International Flavors & Fragrances during the 3rd quarter worth approximately $25,000. Penserra Capital Management LLC increased its stake in International Flavors & Fragrances by 96.4% during the 3rd quarter. Penserra Capital Management LLC now owns 216 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 106 shares in the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in International Flavors & Fragrances by 2,422.2% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 227 shares of the specialty chemicals company’s stock worth $28,000 after buying an additional 218 shares in the last quarter. Stonebridge Capital Advisors LLC purchased a new stake in International Flavors & Fragrances during the 2nd quarter worth approximately $33,000. Finally, CSat Investment Advisory L.P. increased its stake in International Flavors & Fragrances by 80.1% during the 2nd quarter. CSat Investment Advisory L.P. now owns 326 shares of the specialty chemicals company’s stock worth $47,000 after buying an additional 145 shares in the last quarter. Institutional investors own 94.04% of the company’s stock.

Shares of International Flavors & Fragrances stock opened at $134.88 on Friday. The company has a quick ratio of 1.25, a current ratio of 2.05 and a debt-to-equity ratio of 0.66. International Flavors & Fragrances has a twelve month low of $104.86 and a twelve month high of $152.95. The business has a 50-day moving average price of $130.27 and a 200 day moving average price of $127.85. The firm has a market cap of $14.22 billion, a PE ratio of 39.91 and a beta of 0.85.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 27th were paid a $0.75 dividend. The ex-dividend date was Thursday, December 26th. This represents a $3.00 annualized dividend and a dividend yield of 2.22%. 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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