International Flavors & Fragrances Inc. (NYSE:IFF) Expected to Announce Quarterly Sales of $3.18 Billion

Brokerages expect International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) to post sales of $3.18 billion for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for International Flavors & Fragrances’ earnings. The lowest sales estimate is $3.15 billion and the highest is $3.22 billion. International Flavors & Fragrances reported sales of $2.47 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 28.7%. The firm is scheduled to announce its next earnings results after the market closes on Monday, January 1st.

According to Zacks, analysts expect that International Flavors & Fragrances will report full-year sales of $12.59 billion for the current year, with estimates ranging from $12.50 billion to $12.66 billion. For the next year, analysts expect that the company will post sales of $13.02 billion, with estimates ranging from $12.96 billion to $13.12 billion. Zacks’ sales calculations are an average based on a survey of research firms that cover International Flavors & Fragrances.

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

IFF has been the subject of several recent research reports. Berenberg Bank lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $165.00 to $144.00 in a report on Thursday, March 24th. Deutsche Bank Aktiengesellschaft reduced their target price on International Flavors & Fragrances from $170.00 to $165.00 in a report on Monday, February 14th. StockNews.com lowered International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Friday, April 29th. Stifel Nicolaus raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their target price for the company from $155.00 to $160.00 in a report on Tuesday, January 25th. Finally, Jefferies Financial Group began coverage on International Flavors & Fragrances in a report on Thursday, January 13th. They set a “buy” rating and a $180.00 target price for the company. Two analysts have rated the stock with a sell rating, three have issued a hold rating and seven have given a buy rating to the company. According to MarketBeat, International Flavors & Fragrances presently has an average rating of “Hold” and an average price target of $156.68.

In related news, insider De Villeplee Christoph Fauchon sold 630 shares of the business’s stock in a transaction that occurred on Monday, May 2nd. The stock was sold at an average price of $121.68, for a total value of $76,658.40. Following the completion of the sale, the insider now owns 8,809 shares in the company, valued at approximately $1,071,879.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.20% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. JJJ Advisors Inc. lifted its position in International Flavors & Fragrances by 74.3% in the 4th quarter. JJJ Advisors Inc. now owns 176 shares of the specialty chemicals company’s stock worth $27,000 after buying an additional 75 shares during the last quarter. Atria Investments LLC lifted its position in International Flavors & Fragrances by 0.6% in the first quarter. Atria Investments LLC now owns 14,423 shares of the specialty chemicals company’s stock valued at $1,894,000 after purchasing an additional 83 shares during the last quarter. Signaturefd LLC lifted its position in International Flavors & Fragrances by 6.4% in the fourth quarter. Signaturefd LLC now owns 1,409 shares of the specialty chemicals company’s stock valued at $212,000 after purchasing an additional 85 shares during the last quarter. NEXT Financial Group Inc lifted its position in International Flavors & Fragrances by 37.8% in the fourth quarter. NEXT Financial Group Inc now owns 321 shares of the specialty chemicals company’s stock valued at $48,000 after purchasing an additional 88 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in International Flavors & Fragrances by 0.5% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 16,527 shares of the specialty chemicals company’s stock valued at $2,170,000 after purchasing an additional 89 shares during the last quarter. Institutional investors own 90.67% of the company’s stock.

Shares of IFF opened at $121.90 on Wednesday. The business has a 50-day moving average of $126.03 and a 200 day moving average of $136.94. International Flavors & Fragrances has a fifty-two week low of $113.40 and a fifty-two week high of $157.08. The firm has a market cap of $31.05 billion, a P/E ratio of 120.69, a price-to-earnings-growth ratio of 2.68 and a beta of 1.02. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.23 and a current ratio of 1.92.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 6th. Stockholders of record on Friday, March 25th were given a dividend of $0.79 per share. The ex-dividend date of this dividend was Thursday, March 24th. This represents a $3.16 dividend on an annualized basis and a dividend yield of 2.59%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 312.87%.

About International Flavors & Fragrances (Get Rating)

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in Europe, Africa, the Middle East, Greater Asia, North America, and Latin America. It operates through Nourish, Scent, Health & Biosciences, and Pharma Solutions segments.

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Earnings History and Estimates for International Flavors & Fragrances (NYSE:IFF)

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