Wall Street analysts predict that Internationa Flavors & Fragrances, Inc. (NYSE:IFF) will post earnings per share of $1.45 for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Internationa Flavors & Fragrances’ earnings. The highest EPS estimate is $1.48 and the lowest is $1.42. Internationa Flavors & Fragrances posted earnings of $1.47 per share during the same quarter last year, which suggests a negative year-over-year growth rate of 1.4%. The firm is expected to announce its next quarterly earnings report on Monday, August 14th.

On average, analysts expect that Internationa Flavors & Fragrances will report full year earnings of $5.72 per share for the current financial year, with EPS estimates ranging from $5.68 to $5.75. For the next fiscal year, analysts expect that the business will report earnings of $6.22 per share, with EPS estimates ranging from $6.05 to $6.34. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover Internationa Flavors & Fragrances.

Internationa Flavors & Fragrances (NYSE:IFF) last issued its earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.51 by $0.01. The business had revenue of $828.30 million during the quarter, compared to the consensus estimate of $833.73 million. Internationa Flavors & Fragrances had a return on equity of 26.75% and a net margin of 12.72%. The firm’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share.

Several research analysts have recently issued reports on IFF shares. Vertical Group lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Zacks Investment Research lowered Internationa Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Tuesday, April 18th. Deutsche Bank AG increased their target price on Internationa Flavors & Fragrances from $125.00 to $132.00 and gave the stock a “hold” rating in a research report on Wednesday, May 10th. Stifel Nicolaus increased their target price on Internationa Flavors & Fragrances from $123.00 to $127.00 and gave the stock a “hold” rating in a research report on Monday, March 27th. Finally, Vertical Research lowered Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $139.83.

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Shares of Internationa Flavors & Fragrances (IFF) traded up 1.20% during midday trading on Wednesday, reaching $133.56. The company’s stock had a trading volume of 287,493 shares. The company’s 50-day moving average price is $135.96 and its 200 day moving average price is $128.19. Internationa Flavors & Fragrances has a 12-month low of $113.16 and a 12-month high of $143.64. The company has a market capitalization of $10.55 billion, a P/E ratio of 26.56 and a beta of 1.12.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 7th. Shareholders of record on Monday, June 26th were paid a dividend of $0.64 per share. The ex-dividend date of this dividend was Thursday, June 22nd. This represents a $2.56 annualized dividend and a yield of 1.94%. Internationa Flavors & Fragrances’s dividend payout ratio is 50.89%.

In other news, major shareholder Winder Investment Pte Ltd purchased 24,780 shares of the company’s stock in a transaction dated Tuesday, April 18th. The shares were purchased at an average cost of $133.89 per share, for a total transaction of $3,317,794.20. Following the purchase, the insider now directly owns 8,680,433 shares in the company, valued at approximately $1,162,223,174.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Francisco Fortanet sold 300 shares of the firm’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $138.65, for a total value of $41,595.00. Following the completion of the transaction, the executive vice president now owns 20,294 shares in the company, valued at $2,813,763.10. The disclosure for this sale can be found here. Over the last quarter, insiders have acquired 615,140 shares of company stock worth $83,950,929. Company insiders own 0.48% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in IFF. YorkBridge Wealth Partners LLC increased its position in Internationa Flavors & Fragrances by 25.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 723 shares of the specialty chemicals company’s stock worth $100,000 after buying an additional 146 shares during the period. TrimTabs Asset Management LLC purchased a new position in Internationa Flavors & Fragrances during the first quarter worth about $122,000. Van ECK Associates Corp increased its position in Internationa Flavors & Fragrances by 7.2% in the first quarter. Van ECK Associates Corp now owns 1,167 shares of the specialty chemicals company’s stock worth $155,000 after buying an additional 78 shares during the period. Cohen Capital Management Inc. purchased a new position in Internationa Flavors & Fragrances during the first quarter worth about $172,000. Finally, Pacer Advisors Inc. increased its position in Internationa Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock worth $194,000 after buying an additional 44 shares during the period. Hedge funds and other institutional investors own 83.45% 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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