International Flavors & Fragrances Inc (IFF) Expected to Post Quarterly Sales of $833.34 Million

Equities analysts predict that International Flavors & Fragrances Inc (NYSE:IFF) will post sales of $833.34 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for International Flavors & Fragrances’ earnings. The highest sales estimate is $843.14 million and the lowest is $823.53 million. International Flavors & Fragrances posted sales of $762.56 million in the same quarter last year, which suggests a positive year-over-year growth rate of 9.3%. The firm is scheduled to announce its next earnings results on Wednesday, February 21st.

According to Zacks, analysts expect that International Flavors & Fragrances will report full year sales of $833.34 million for the current year, with estimates ranging from $3.36 billion to $3.39 billion. For the next year, analysts anticipate that the company will post sales of $3.51 billion per share, with estimates ranging from $3.46 billion to $3.56 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, November 6th. The specialty chemicals company reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.05. International Flavors & Fragrances had a return on equity of 27.13% and a net margin of 12.57%. The company had revenue of $872.90 million for the quarter, compared to the consensus estimate of $847.63 million. During the same period last year, the business posted $1.34 EPS. The company’s revenue was up 12.3% on a year-over-year basis.

Several brokerages have weighed in on IFF. Zacks Investment Research downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Berenberg Bank reiterated a “buy” rating and issued a $160.00 target price on shares of International Flavors & Fragrances in a research note on Friday, November 10th. UBS Group reiterated a “buy” rating and issued a $166.00 target price (up from $151.00) on shares of International Flavors & Fragrances in a research note on Tuesday, November 7th. Finally, KeyCorp lifted their target price on International Flavors & Fragrances from $148.00 to $156.00 and gave the company an “overweight” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $147.50.

International Flavors & Fragrances (NYSE:IFF) opened at $152.54 on Wednesday. International Flavors & Fragrances has a 12 month low of $114.81 and a 12 month high of $157.22. The firm has a market capitalization of $12,138.79, a P/E ratio of 29.22, a price-to-earnings-growth ratio of 2.81 and a beta of 1.19. The company has a quick ratio of 1.77, a current ratio of 2.66 and a debt-to-equity ratio of 0.92.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 8th. Investors of record on Friday, December 29th were paid a $0.69 dividend. The ex-dividend date was Thursday, December 28th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.81%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 52.87%.

In related news, EVP Anne Chwat sold 3,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $149.61, for a total value of $448,830.00. Following the sale, the executive vice president now directly owns 39,157 shares in the company, valued at $5,858,278.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.48% of the stock is owned by insiders.

Several institutional investors have recently bought and sold shares of IFF. Commonwealth Bank of Australia boosted its stake in shares of International Flavors & Fragrances by 6.3% in the second quarter. Commonwealth Bank of Australia now owns 1,276 shares of the specialty chemicals company’s stock valued at $171,000 after buying an additional 76 shares in the last quarter. Teachers Advisors LLC raised its holdings in International Flavors & Fragrances by 7.3% during the second quarter. Teachers Advisors LLC now owns 102,657 shares of the specialty chemicals company’s stock worth $13,859,000 after purchasing an additional 6,956 shares during the last quarter. BlackRock Inc. raised its holdings in International Flavors & Fragrances by 2.3% during the second quarter. BlackRock Inc. now owns 5,034,108 shares of the specialty chemicals company’s stock worth $679,605,000 after purchasing an additional 113,160 shares during the last quarter. Amalgamated Bank raised its holdings in International Flavors & Fragrances by 54.6% during the second quarter. Amalgamated Bank now owns 9,322 shares of the specialty chemicals company’s stock worth $1,258,000 after purchasing an additional 3,291 shares during the last quarter. Finally, Stevens Capital Management LP raised its holdings in International Flavors & Fragrances by 207.4% during the second quarter. Stevens Capital Management LP now owns 10,316 shares of the specialty chemicals company’s stock worth $1,393,000 after purchasing an additional 6,960 shares during the last quarter. Hedge funds and other institutional investors own 82.75% of the company’s stock.

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International Flavors & Fragrances Company Profile

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 International Flavors & Fragrances (NYSE:IFF)

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