International Flavors & Fragrances Inc (IFF) Expected to Announce Earnings of $1.25 Per Share

Analysts forecast that International Flavors & Fragrances Inc (NYSE:IFF) will post earnings of $1.25 per share for the current fiscal quarter, according to Zacks. Three analysts have made estimates for International Flavors & Fragrances’ earnings, with the highest EPS estimate coming in at $1.40 and the lowest estimate coming in at $1.01. International Flavors & Fragrances posted earnings per share of $1.40 during the same quarter last year, which indicates a negative year-over-year growth rate of 10.7%. The firm is expected to announce its next quarterly earnings report on Wednesday, February 13th.

According to Zacks, analysts expect that International Flavors & Fragrances will report full-year earnings of $6.18 per share for the current year, with EPS estimates ranging from $5.95 to $6.33. For the next fiscal year, analysts anticipate that the business will report earnings of $6.19 per share, with EPS estimates ranging from $5.05 to $6.77. 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:IFF) last announced its quarterly earnings results on Monday, November 5th. The specialty chemicals company reported $1.54 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.54. The business had revenue of $907.50 million during the quarter, compared to the consensus estimate of $886.15 million. International Flavors & Fragrances had a net margin of 7.86% and a return on equity of 21.76%. The business’s revenue was up 4.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.47 EPS.

IFF has been the subject of several recent research reports. ValuEngine raised shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Thursday, July 26th. Stifel Nicolaus reaffirmed a “hold” rating and set a $139.00 price objective (up from $135.00) on shares of International Flavors & Fragrances in a research report on Thursday, August 9th. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Monday, August 13th. Finally, Deutsche Bank upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and lifted their price target for the stock from $126.00 to $154.00 in a research note on Tuesday, October 16th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $147.25.

Shares of NYSE IFF traded down $1.37 during midday trading on Friday, reaching $145.85. 586,995 shares of the stock were exchanged, compared to its average volume of 1,101,654. The company has a market capitalization of $15.47 billion, a P/E ratio of 24.76, a P/E/G ratio of 2.63 and a beta of 0.88. The company has a debt-to-equity ratio of 1.07, a current ratio of 9.16 and a quick ratio of 1.90. International Flavors & Fragrances has a twelve month low of $122.11 and a twelve month high of $157.40.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 100,000 shares of the company’s stock in a transaction on Tuesday, October 16th. The shares were bought at an average cost of $136.75 per share, for a total transaction of $13,675,000.00. Following the completion of the purchase, the insider now owns 17,913,631 shares in the company, valued at approximately $2,449,689,039.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Francisco Fortanet sold 1,389 shares of International Flavors & Fragrances stock in a transaction on Thursday, September 20th. The shares were sold at an average price of $140.00, for a total transaction of $194,460.00. Following the completion of the transaction, the executive vice president now owns 16,193 shares in the company, valued at $2,267,020. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 357,000 shares of company stock worth $49,370,717. 0.48% of the stock is currently owned by company insiders.

Several large investors have recently modified their holdings of the company. Keybank National Association OH boosted its holdings in shares of International Flavors & Fragrances by 9.6% in the third quarter. Keybank National Association OH now owns 4,452 shares of the specialty chemicals company’s stock valued at $619,000 after acquiring an additional 390 shares in the last quarter. IFP Advisors Inc boosted its holdings in shares of International Flavors & Fragrances by 40.0% in the third quarter. IFP Advisors Inc now owns 1,399 shares of the specialty chemicals company’s stock valued at $195,000 after acquiring an additional 400 shares in the last quarter. Public Employees Retirement Association of Colorado boosted its holdings in shares of International Flavors & Fragrances by 2.8% in the third quarter. Public Employees Retirement Association of Colorado now owns 14,837 shares of the specialty chemicals company’s stock valued at $2,064,000 after acquiring an additional 410 shares in the last quarter. GHP Investment Advisors Inc. boosted its holdings in shares of International Flavors & Fragrances by 3.9% in the second quarter. GHP Investment Advisors Inc. now owns 11,203 shares of the specialty chemicals company’s stock valued at $1,389,000 after acquiring an additional 422 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in shares of International Flavors & Fragrances by 0.8% in the third quarter. Arizona State Retirement System now owns 50,483 shares of the specialty chemicals company’s stock valued at $7,023,000 after acquiring an additional 423 shares in the last quarter. 63.60% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through two segments, Flavors and Fragrances. The Flavors segment offers flavor compounds primarily 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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