Zacks: Brokerages Expect International Flavors & Fragrances Inc (NYSE:IFF) Will Announce Earnings of $1.42 Per Share

Equities research analysts expect that International Flavors & Fragrances Inc (NYSE:IFF) will announce $1.42 earnings per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for International Flavors & Fragrances’ earnings. The highest EPS estimate is $1.47 and the lowest is $1.35. International Flavors & Fragrances posted 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 business is expected to report its next quarterly earnings results on Wednesday, February 12th.

According to Zacks, analysts expect that International Flavors & Fragrances will report full year earnings of $6.18 per share for the current financial year, with EPS estimates ranging from $6.16 to $6.20. For the next year, analysts anticipate that the firm will post earnings of $6.62 per share, with EPS estimates ranging from $6.52 to $6.75. Zacks’ earnings per share averages are a mean average based on a survey of analysts that follow International Flavors & Fragrances.

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

IFF has been the topic of several recent research reports. KeyCorp cut their price objective on International Flavors & Fragrances from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. JPMorgan Chase & Co. raised their price objective on International Flavors & Fragrances from $125.00 to $140.00 in a report on Wednesday, November 6th. Wells Fargo & Co raised their price objective on International Flavors & Fragrances from $125.00 to $135.00 and gave the company a “market perform” rating in a report on Wednesday, November 6th. Societe Generale began coverage on International Flavors & Fragrances in a report on Monday, September 9th. They set a “buy” rating and a $140.00 target price on the stock. Finally, Berenberg Bank downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their target price for the stock from $155.00 to $133.00 in a report on Thursday, August 8th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $143.80.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 929 shares of International Flavors & Fragrances stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of $118.96, for a total transaction of $110,513.84. Following the transaction, the insider now directly owns 33,536 shares of the company’s stock, valued at approximately $3,989,442.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 2,781 shares of company stock worth $350,815 over the last ninety days. Company insiders own 0.39% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Dundas Partners LLP raised its position in shares of International Flavors & Fragrances by 1.3% in the 2nd quarter. Dundas Partners LLP now owns 77,775 shares of the specialty chemicals company’s stock worth $11,283,000 after acquiring an additional 1,025 shares in the last quarter. Hikari Power Ltd bought a new position in shares of International Flavors & Fragrances in the 2nd quarter worth about $474,000. Daiwa Securities Group Inc. raised its position in shares of International Flavors & Fragrances by 24.6% in the 2nd quarter. Daiwa Securities Group Inc. now owns 4,096 shares of the specialty chemicals company’s stock worth $594,000 after acquiring an additional 809 shares in the last quarter. Alpine Woods Capital Investors LLC raised its position in shares of International Flavors & Fragrances by 4.3% in the 2nd quarter. Alpine Woods Capital Investors LLC now owns 25,284 shares of the specialty chemicals company’s stock worth $3,668,000 after acquiring an additional 1,044 shares in the last quarter. Finally, Bowen Hanes & Co. Inc. increased its position in International Flavors & Fragrances by 0.8% in the 2nd quarter. Bowen Hanes & Co. Inc. now owns 279,311 shares of the specialty chemicals company’s stock valued at $40,525,000 after buying an additional 2,340 shares in the last quarter. 94.24% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE IFF traded down $1.18 during mid-day trading on Wednesday, hitting $140.02. 1,097,606 shares of the stock traded hands, compared to its average volume of 1,011,238. 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 twelve month low of $104.86 and a twelve month high of $152.95. The company has a market cap of $15.08 billion, a PE ratio of 22.30 and a beta of 0.88. The firm has a 50 day simple moving average of $129.96 and a two-hundred day simple moving average of $130.92.

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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