Zacks: Analysts Expect International Flavors & Fragrances Inc (IFF) to Post $1.50 EPS

Equities analysts expect that International Flavors & Fragrances Inc (NYSE:IFF) will announce earnings of $1.50 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for International Flavors & Fragrances’ earnings. The lowest EPS estimate is $1.45 and the highest is $1.53. International Flavors & Fragrances posted earnings of $1.69 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.2%. The firm is scheduled to announce its next earnings results after the market closes on Monday, May 6th.

On average, analysts expect that International Flavors & Fragrances will report full-year earnings of $6.36 per share for the current financial year, with EPS estimates ranging from $6.32 to $6.45. For the next fiscal year, analysts forecast that the business will report earnings of $7.11 per share, with EPS estimates ranging from $6.83 to $7.38. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Wednesday, February 13th. The specialty chemicals company reported $1.22 earnings per share for the quarter, missing the consensus estimate of $1.29 by ($0.07). The firm had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. International Flavors & Fragrances had a net margin of 8.48% and a return on equity of 15.56%. The business’s quarterly revenue was up 42.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.40 EPS.

Several research firms have weighed in on IFF. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, February 25th. KeyCorp cut their price target on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a report on Monday, February 25th. Barclays restated a “sell” rating on shares of International Flavors & Fragrances in a report on Monday, February 18th. Citigroup cut their price target on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, February 21st. Finally, Seaport Global Securities began coverage on International Flavors & Fragrances in a report on Thursday, February 21st. They set a “neutral” rating for the company. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $144.33.

NYSE IFF traded up $0.14 during trading on Friday, hitting $136.43. 750,400 shares of the stock traded hands, compared to its average volume of 923,420. The stock has a market capitalization of $14.54 billion, a PE ratio of 21.72, a P/E/G ratio of 2.38 and a beta of 0.75. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.61 and a quick ratio of 1.65. International Flavors & Fragrances has a 12-month low of $121.85 and a 12-month high of $150.57.

The business also recently announced a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Monday, March 25th were issued a $0.73 dividend. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date was Friday, March 22nd. International Flavors & Fragrances’s dividend payout ratio (DPR) is 46.50%.

In related news, major shareholder Winder Investment Pte Ltd bought 29,642 shares of the company’s stock in a transaction dated Thursday, February 21st. The stock was purchased at an average price of $128.74 per share, for a total transaction of $3,816,111.08. Following the acquisition, the insider now owns 20,300,000 shares in the company, valued at $2,613,422,000. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last quarter, insiders bought 165,588 shares of company stock valued at $21,637,048. Company insiders own 0.39% of the company’s stock.

Several institutional investors have recently made changes to their positions in IFF. JOYN Advisors Inc. boosted its holdings in shares of International Flavors & Fragrances by 65.5% in the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 74 shares during the period. Massey Quick Simon & CO. LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $27,000. Fort L.P. boosted its holdings in shares of International Flavors & Fragrances by 365.3% in the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 179 shares during the period. Penserra Capital Management LLC purchased a new position in shares of International Flavors & Fragrances in the 4th quarter worth approximately $37,000. Finally, Kaizen Advisory LLC boosted its holdings in shares of International Flavors & Fragrances by 50.3% in the 4th quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 91 shares during the period. Hedge funds and other institutional investors own 83.28% of the company’s stock.

About International Flavors & Fragrances

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures flavors and fragrances for use in various consumer products. It operates through three segments: Taste, Scent, and Frutarom. The Taste 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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