Brokerages Anticipate International Flavors & Fragrances Inc (IFF) Will Post Earnings of $1.56 Per Share

Analysts expect that International Flavors & Fragrances Inc (NYSE:IFF) will report earnings of $1.56 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for International Flavors & Fragrances’ earnings, with the lowest EPS estimate coming in at $1.55 and the highest estimate coming in at $1.58. International Flavors & Fragrances reported earnings per share of $1.47 in the same quarter last year, which indicates a positive year over year growth rate of 6.1%. The company is expected to announce its next earnings report on Monday, November 5th.

According to Zacks, analysts expect that International Flavors & Fragrances will report full-year earnings of $6.29 per share for the current year, with EPS estimates ranging from $6.25 to $6.35. For the next fiscal year, analysts forecast that the firm will report earnings of $6.77 per share, with EPS estimates ranging from $6.56 to $6.92. Zacks’ EPS calculations are a mean average based on a survey of research analysts that that provide coverage for International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last posted its quarterly earnings results on Tuesday, August 7th. The specialty chemicals company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.05. The firm had revenue of $920.02 million during the quarter, compared to analyst estimates of $899.62 million. International Flavors & Fragrances had a return on equity of 28.32% and a net margin of 8.35%. During the same quarter in the previous year, the firm earned $1.50 EPS.

IFF has been the subject of several recent analyst reports. Zacks Investment Research lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Tuesday, July 10th. JPMorgan Chase & Co. lowered International Flavors & Fragrances from a “neutral” rating to an “underweight” rating in a research report on Monday, May 14th. ValuEngine lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Stifel Nicolaus lowered their price target on International Flavors & Fragrances to $147.00 and set a “hold” rating for the company in a research report on Tuesday, May 8th. Finally, Deutsche Bank lowered their price target on International Flavors & Fragrances from $135.00 to $124.00 and set a “hold” rating for the company in a research report on Tuesday, May 8th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. International Flavors & Fragrances has an average rating of “Hold” and an average price target of $146.67.

Shares of IFF traded up $0.46 during trading hours on Thursday, hitting $131.62. The company had a trading volume of 431,600 shares, compared to its average volume of 588,609. The company has a debt-to-equity ratio of 0.98, a current ratio of 2.90 and a quick ratio of 1.90. The firm has a market cap of $10.47 billion, a PE ratio of 22.35, a P/E/G ratio of 2.34 and a beta of 1.05. International Flavors & Fragrances has a 52-week low of $122.11 and a 52-week high of $157.40.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 5th. Shareholders of record on Monday, September 24th will be given a $0.73 dividend. This is a positive change from International Flavors & Fragrances’s previous quarterly dividend of $0.69. The ex-dividend date is Friday, September 21st. This represents a $2.92 dividend on an annualized basis and a yield of 2.22%. International Flavors & Fragrances’s payout ratio is 46.86%.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd bought 100,000 shares of the firm’s stock in a transaction on Thursday, May 31st. The stock was acquired at an average price of $123.58 per share, with a total value of $12,358,000.00. Following the transaction, the insider now owns 12,900,000 shares in the company, valued at $1,594,182,000. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Dale F. Morrison bought 4,010 shares of the firm’s stock in a transaction on Tuesday, June 12th. The stock was acquired at an average cost of $124.60 per share, with a total value of $499,646.00. Following the transaction, the director now owns 4,010 shares in the company, valued at approximately $499,646. The disclosure for this purchase can be found here. In the last three months, insiders acquired 2,147,810 shares of company stock valued at $275,144,967. 0.50% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $113,000. Psagot Investment House Ltd. bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $148,000. Tiverton Asset Management LLC grew its stake in shares of International Flavors & Fragrances by 51.4% during the 1st quarter. Tiverton Asset Management LLC now owns 1,214 shares of the specialty chemicals company’s stock valued at $166,000 after purchasing an additional 412 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $200,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of International Flavors & Fragrances during the 2nd quarter valued at about $203,000. Institutional investors and hedge funds own 85.69% of the company’s stock.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors 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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