Brokerages Anticipate International Flavors & Fragrances Inc. (NYSE:IFF) Will Post Earnings of $1.42 Per Share

Brokerages predict that International Flavors & Fragrances Inc. (NYSE:IFFGet Rating) will report earnings per share (EPS) of $1.42 for the current quarter, according to Zacks. Three analysts have issued estimates for International Flavors & Fragrances’ earnings. The lowest EPS estimate is $1.32 and the highest is $1.55. International Flavors & Fragrances posted earnings per share of $1.50 in the same quarter last year, which suggests a negative year-over-year growth rate of 5.3%. The company is scheduled to announce its next quarterly earnings report on Monday, January 1st.

According to Zacks, analysts expect that International Flavors & Fragrances will report full-year earnings of $5.76 per share for the current fiscal year, with EPS estimates ranging from $5.55 to $6.10. For the next year, analysts expect that the company will post earnings of $6.59 per share, with EPS estimates ranging from $6.36 to $6.95. Zacks’ EPS averages are a mean average based on a survey of analysts that that provide coverage for International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFFGet Rating) last announced its earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share for the quarter, beating the consensus estimate of $1.31 by $0.38. International Flavors & Fragrances had a return on equity of 6.89% and a net margin of 4.48%. The company had revenue of $3.23 billion during the quarter, compared to the consensus estimate of $3.09 billion. During the same period last year, the firm earned $1.60 earnings per share. The company’s revenue was up 30.9% on a year-over-year basis.

Several research firms have weighed in on IFF. Berenberg Bank cut shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $165.00 to $144.00 in a research report on Thursday, March 24th. Stifel Nicolaus upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $155.00 to $160.00 in a report on Tuesday, January 25th. Robert W. Baird reduced their price target on shares of International Flavors & Fragrances from $188.00 to $165.00 in a research report on Friday, February 11th. Wells Fargo & Company upped their target price on shares of International Flavors & Fragrances from $145.00 to $150.00 in a research report on Wednesday, May 11th. Finally, Mizuho reduced their target price on shares of International Flavors & Fragrances from $147.00 to $145.00 in a research report on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, International Flavors & Fragrances has an average rating of “Buy” and an average target price of $154.51.

IFF opened at $128.93 on Monday. International Flavors & Fragrances has a twelve month low of $113.40 and a twelve month high of $157.08. The company has a current ratio of 1.86, a quick ratio of 1.17 and a debt-to-equity ratio of 0.51. The stock has a market cap of $32.86 billion, a PE ratio of 59.14, a price-to-earnings-growth ratio of 2.20 and a beta of 1.02. The business’s 50 day moving average is $126.39 and its 200-day moving average is $135.11.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 6th. Investors of record on Friday, June 24th will be paid a dividend of $0.79 per share. This represents a $3.16 annualized dividend and a yield of 2.45%. The ex-dividend date of this dividend is Thursday, June 23rd. International Flavors & Fragrances’s dividend payout ratio is presently 144.95%.

In related news, insider De Villeplee Christoph Fauchon sold 630 shares of the stock in a transaction on Monday, May 2nd. The shares were sold at an average price of $121.68, for a total transaction of $76,658.40. Following the transaction, the insider now directly owns 8,809 shares of the company’s stock, valued at $1,071,879.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.20% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. GHP Investment Advisors Inc. raised its holdings in International Flavors & Fragrances by 4.5% during the third quarter. GHP Investment Advisors Inc. now owns 29,876 shares of the specialty chemicals company’s stock worth $3,995,000 after buying an additional 1,299 shares during the last quarter. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of International Flavors & Fragrances in the fourth quarter valued at about $5,951,000. Marshall Wace LLP raised its holdings in shares of International Flavors & Fragrances by 1,201.2% in the third quarter. Marshall Wace LLP now owns 130,851 shares of the specialty chemicals company’s stock valued at $17,497,000 after purchasing an additional 120,795 shares during the last quarter. Mount Yale Investment Advisors LLC raised its holdings in shares of International Flavors & Fragrances by 10.6% in the fourth quarter. Mount Yale Investment Advisors LLC now owns 3,560 shares of the specialty chemicals company’s stock valued at $536,000 after purchasing an additional 340 shares during the last quarter. Finally, Fifth Third Bancorp raised its holdings in shares of International Flavors & Fragrances by 17.4% in the fourth quarter. Fifth Third Bancorp now owns 3,268 shares of the specialty chemicals company’s stock valued at $492,000 after purchasing an additional 485 shares during the last quarter. Hedge funds and other institutional investors own 90.67% of the company’s stock.

International Flavors & Fragrances Company Profile (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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