International Flavors & Fragrances (IFF) Set to Announce Quarterly Earnings on Monday

International Flavors & Fragrances (NYSE:IFFGet Rating) will issue its quarterly earnings data after the market closes on Monday, August 8th. Analysts expect the company to announce earnings of $1.42 per share for the quarter. International Flavors & Fragrances has set its FY 2022 guidance at EPS.Parties interested in registering for the company’s conference call can do so using this link.

International Flavors & Fragrances (NYSE:IFFGet Rating) last issued its earnings results on Monday, May 9th. The specialty chemicals company reported $1.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.31 by $0.38. International Flavors & Fragrances had a net margin of 4.48% and a return on equity of 6.89%. The company had revenue of $3.23 billion for the quarter, compared to analysts’ expectations of $3.09 billion. During the same period in the prior year, the business earned $1.60 EPS. The firm’s quarterly revenue was up 30.9% on a year-over-year basis. On average, analysts expect International Flavors & Fragrances to post $6 EPS for the current fiscal year and $6 EPS for the next fiscal year.

International Flavors & Fragrances Stock Down 0.2 %

Shares of International Flavors & Fragrances stock opened at $126.74 on Friday. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.86 and a quick ratio of 1.17. International Flavors & Fragrances has a 1 year low of $105.38 and a 1 year high of $157.08. The firm’s 50-day moving average is $121.30 and its two-hundred day moving average is $126.00. The stock has a market cap of $32.30 billion, a price-to-earnings ratio of 58.14, a PEG ratio of 2.21 and a beta of 0.99.

Insider Transactions at International Flavors & Fragrances

In related news, insider De Villeplee Christoph Fauchon sold 629 shares of International Flavors & Fragrances stock in a transaction on Wednesday, June 1st. The shares were sold at an average price of $132.59, for a total value of $83,399.11. Following the sale, the insider now owns 8,180 shares of the company’s stock, valued at approximately $1,084,586.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.20% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covestor Ltd raised its holdings in shares of International Flavors & Fragrances by 48.8% during the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company’s stock worth $32,000 after acquiring an additional 80 shares during the period. Edgestream Partners L.P. purchased a new position in shares of International Flavors & Fragrances during the 1st quarter worth $202,000. Geller Advisors LLC purchased a new position in shares of International Flavors & Fragrances during the 1st quarter worth $208,000. SVB Wealth LLC raised its holdings in shares of International Flavors & Fragrances by 4.0% during the 1st quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company’s stock worth $273,000 after acquiring an additional 79 shares during the period. Finally, Fund Management at Engine No. 1 LLC purchased a new position in shares of International Flavors & Fragrances during the 1st quarter worth $283,000. Hedge funds and other institutional investors own 90.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. StockNews.com raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Bank of America decreased their price target on shares of International Flavors & Fragrances from $169.00 to $161.00 and set a “buy” rating for the company in a research report on Wednesday, July 13th. Credit Suisse Group assumed coverage on shares of International Flavors & Fragrances in a research report on Monday, June 27th. They set an “outperform” rating and a $145.00 price target for the company. Jefferies Financial Group lowered shares of International Flavors & Fragrances from a “buy” rating to a “hold” rating and decreased their price target for the company from $170.00 to $101.00 in a research report on Thursday, June 16th. Finally, Mizuho decreased their price objective on shares of International Flavors & Fragrances from $147.00 to $145.00 in a research report on Wednesday, May 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $148.92.

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 for International Flavors & Fragrances (NYSE:IFF)

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