Equities research analysts expect Internationa Flavors & Fragrances, Inc. (NYSE:IFF) to report earnings of $1.42 per share for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Internationa Flavors & Fragrances’ earnings, with estimates ranging from $1.41 to $1.44. Internationa Flavors & Fragrances posted earnings per share of $1.34 during the same quarter last year, which would suggest a positive year-over-year growth rate of 6%. The business is expected to announce its next quarterly earnings results on Monday, November 6th.

According to Zacks, analysts expect that Internationa Flavors & Fragrances will report full-year earnings of $5.75 per share for the current financial year, with EPS estimates ranging from $5.71 to $5.80. For the next year, analysts expect that the business will report earnings of $6.25 per share, with EPS estimates ranging from $6.10 to $6.35. Zacks’ EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Internationa Flavors & Fragrances.

Internationa Flavors & Fragrances (NYSE:IFF) last announced its quarterly earnings data on Tuesday, August 8th. The specialty chemicals company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.45 by $0.05. The firm had revenue of $842.86 million during the quarter, compared to analyst estimates of $845.89 million. Internationa Flavors & Fragrances had a net margin of 12.31% and a return on equity of 26.83%. The business’s quarterly revenue was up 6.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.47 EPS.

A number of research analysts have recently commented on the company. Stifel Nicolaus reiterated a “hold” rating and set a $136.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, July 21st. Zacks Investment Research upgraded Internationa Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. BidaskClub downgraded Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Tuesday, July 11th. Barclays PLC reiterated a “sell” rating and set a $123.00 target price on shares of Internationa Flavors & Fragrances in a research report on Friday, August 11th. Finally, Raymond James Financial, Inc. assumed coverage on Internationa Flavors & Fragrances in a research report on Friday, July 7th. They set a “market perform” rating for the company. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $138.91.

Shares of Internationa Flavors & Fragrances (NYSE:IFF) traded up 0.90% during midday trading on Friday, hitting $141.83. 268,127 shares of the stock were exchanged. Internationa Flavors & Fragrances has a 52-week low of $113.16 and a 52-week high of $143.64. The firm has a market cap of $11.20 billion, a PE ratio of 28.62 and a beta of 1.09. The firm’s 50-day moving average is $135.84 and its 200 day moving average is $133.96.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 6th. Investors of record on Monday, September 25th will be given a $0.69 dividend. The ex-dividend date is Friday, September 22nd. This is an increase from Internationa Flavors & Fragrances’s previous quarterly dividend of $0.64. This represents a $2.76 dividend on an annualized basis and a yield of 1.95%. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is currently 51.72%.

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In related news, EVP Anne Chwat sold 3,000 shares of the firm’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $137.22, for a total value of $411,660.00. Following the completion of the sale, the executive vice president now directly owns 42,157 shares in the company, valued at $5,784,783.54. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Winder Investment Pte Ltd purchased 700 shares of the stock in a transaction that occurred on Thursday, September 7th. The stock was bought at an average price of $139.32 per share, with a total value of $97,524.00. Following the completion of the transaction, the insider now owns 10,420,193 shares of the company’s stock, valued at $1,451,741,288.76. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 1,269,400 shares of company stock valued at $170,403,273 and sold 5,766 shares valued at $786,086. 0.48% of the stock is owned by company insiders.

Several large investors have recently added to or reduced their stakes in IFF. BlackRock Inc. lifted its position in shares of Internationa Flavors & Fragrances by 2,877.1% during the first quarter. BlackRock Inc. now owns 4,920,948 shares of the specialty chemicals company’s stock worth $652,173,000 after purchasing an additional 4,755,656 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Internationa Flavors & Fragrances by 8.2% during the second quarter. Vanguard Group Inc. now owns 8,765,573 shares of the specialty chemicals company’s stock worth $1,183,352,000 after purchasing an additional 666,120 shares during the last quarter. Winder Investment Pte Ltd lifted its position in shares of Internationa Flavors & Fragrances by 6.9% during the second quarter. Winder Investment Pte Ltd now owns 9,250,793 shares of the specialty chemicals company’s stock worth $1,248,857,000 after purchasing an additional 595,140 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in shares of Internationa Flavors & Fragrances by 131.6% during the first quarter. UBS Asset Management Americas Inc. now owns 887,276 shares of the specialty chemicals company’s stock worth $117,591,000 after purchasing an additional 504,228 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Internationa Flavors & Fragrances by 48.3% during the first quarter. Victory Capital Management Inc. now owns 644,954 shares of the specialty chemicals company’s stock worth $85,476,000 after purchasing an additional 210,177 shares during the last quarter. Institutional investors and hedge funds own 82.43% of the company’s stock.

About Internationa Flavors & Fragrances

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are 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 Internationa Flavors & Fragrances (NYSE:IFF)

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