Brokerages Expect International Flavors & Fragrances Inc. (NYSE:IFF) to Announce $1.32 Earnings Per Share

Brokerages forecast that International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) will announce earnings of $1.32 per share for the current quarter, according to Zacks. Three analysts have issued estimates for International Flavors & Fragrances’ earnings. The lowest EPS estimate is $1.24 and the highest is $1.38. International Flavors & Fragrances posted earnings per share of $1.60 during the same quarter last year, which suggests a negative year over year growth rate of 17.5%. The business is expected to report its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that International Flavors & Fragrances will report full year earnings of $5.52 per share for the current financial year, with EPS estimates ranging from $5.47 to $5.55. For the next year, analysts expect that the company will post earnings of $6.44 per share, with EPS estimates ranging from $6.27 to $6.58. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFFGet Rating) last issued its earnings results on Wednesday, February 9th. The specialty chemicals company reported $1.10 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.06. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.96 billion. International Flavors & Fragrances had a net margin of 2.32% and a return on equity of 6.37%. During the same period last year, the company posted $1.32 earnings per share.

A number of equities analysts have recently commented on IFF shares. Stifel Nicolaus raised shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and raised their target price for the stock from $155.00 to $160.00 in a research report on Tuesday, January 25th. Wells Fargo & Company dropped their price objective on shares of International Flavors & Fragrances from $165.00 to $155.00 and set an “overweight” rating on the stock in a research note on Monday, February 14th. Barclays dropped their price objective on shares of International Flavors & Fragrances from $127.00 to $121.00 and set an “underweight” rating on the stock in a research note on Monday, February 14th. StockNews.com upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Tuesday. Finally, Robert W. Baird lowered their target price on shares of International Flavors & Fragrances from $188.00 to $165.00 in a research note on Friday, February 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, International Flavors & Fragrances presently has a consensus rating of “Buy” and an average price target of $157.70.

Several large investors have recently bought and sold shares of the company. IFM Investors Pty Ltd lifted its stake in shares of International Flavors & Fragrances by 28.6% during the first quarter. IFM Investors Pty Ltd now owns 40,443 shares of the specialty chemicals company’s stock worth $5,311,000 after buying an additional 8,985 shares during the period. Atticus Wealth Management LLC lifted its stake in shares of International Flavors & Fragrances by 21.0% during the first quarter. Atticus Wealth Management LLC now owns 973 shares of the specialty chemicals company’s stock worth $128,000 after buying an additional 169 shares during the period. Creative Financial Designs Inc. ADV raised its holdings in shares of International Flavors & Fragrances by 8.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 5,531 shares of the specialty chemicals company’s stock worth $726,000 after purchasing an additional 436 shares during the last quarter. YorkBridge Wealth Partners LLC raised its holdings in shares of International Flavors & Fragrances by 31.2% during the first quarter. YorkBridge Wealth Partners LLC now owns 4,027 shares of the specialty chemicals company’s stock worth $529,000 after purchasing an additional 957 shares during the last quarter. Finally, Pflug Koory LLC raised its holdings in shares of International Flavors & Fragrances by 85.4% during the first quarter. Pflug Koory LLC now owns 4,903 shares of the specialty chemicals company’s stock worth $644,000 after purchasing an additional 2,258 shares during the last quarter. Institutional investors and hedge funds own 88.40% of the company’s stock.

Shares of NYSE:IFF traded down $2.17 during trading on Monday, reaching $125.43. 1,745,490 shares of the company were exchanged, compared to its average volume of 1,534,493. The firm has a market capitalization of $31.95 billion, a PE ratio of 124.19, a P/E/G ratio of 2.76 and a beta of 1.04. The business’s fifty day simple moving average is $128.64 and its 200-day simple moving average is $138.36. International Flavors & Fragrances has a 12-month low of $113.40 and a 12-month high of $157.08. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.92 and a quick ratio of 1.23.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Friday, March 25th were paid a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $3.16 annualized dividend and a dividend yield of 2.52%. International Flavors & Fragrances’s payout ratio is currently 312.87%.

About International Flavors & Fragrances (Get Rating)

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. 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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Earnings History and Estimates for International Flavors & Fragrances (NYSE:IFF)

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