Analysts forecast that International Flavors & Fragrances Inc (NYSE:IFF) will report earnings of $1.42 per share for the current quarter, Zacks reports. Four analysts have made estimates for International Flavors & Fragrances’ earnings. The lowest EPS estimate is $1.35 and the highest is $1.47. International Flavors & Fragrances reported earnings per share of $1.22 in the same quarter last year, which indicates a positive year-over-year growth rate of 16.4%. The firm is scheduled to announce its next earnings report on Wednesday, February 12th.

On average, analysts expect that International Flavors & Fragrances will report full-year earnings of $6.18 per share for the current fiscal year, with EPS estimates ranging from $6.16 to $6.20. For the next financial year, analysts forecast that the firm will post earnings of $6.62 per share, with EPS estimates ranging from $6.52 to $6.75. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last issued its quarterly earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.54 by ($0.01). International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same period last year, the company earned $1.64 EPS. The company’s revenue was up 39.7% compared to the same quarter last year.

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. upped their price target on International Flavors & Fragrances from $125.00 to $140.00 in a research note on Wednesday, November 6th. UBS Group cut their price target on International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Stifel Nicolaus set a $120.00 price target on International Flavors & Fragrances and gave the company a “hold” rating in a research note on Wednesday, August 7th. Barclays reaffirmed a “sell” rating on shares of International Flavors & Fragrances in a research note on Thursday, November 7th. Finally, Berenberg Bank lowered International Flavors & Fragrances from a “buy” rating to a “hold” rating and cut their price target for the company from $155.00 to $133.00 in a research note on Thursday, August 8th. Four equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $141.36.

In other International Flavors & Fragrances news, insider Nicolas Mirzayantz sold 928 shares of the stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $126.26, for a total value of $117,169.28. Following the transaction, the insider now owns 34,465 shares of the company’s stock, valued at $4,351,550.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders sold 2,786 shares of company stock worth $330,449 in the last three months. Insiders own 0.39% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. Dundas Partners LLP lifted its stake in International Flavors & Fragrances by 1.3% in the second quarter. Dundas Partners LLP now owns 77,775 shares of the specialty chemicals company’s stock valued at $11,283,000 after buying an additional 1,025 shares during the period. Hikari Power Ltd acquired a new position in International Flavors & Fragrances in the second quarter valued at about $474,000. Daiwa Securities Group Inc. lifted its stake in International Flavors & Fragrances by 24.6% in the second quarter. Daiwa Securities Group Inc. now owns 4,096 shares of the specialty chemicals company’s stock valued at $594,000 after buying an additional 809 shares during the period. Alpine Woods Capital Investors LLC lifted its stake in International Flavors & Fragrances by 4.3% in the second quarter. Alpine Woods Capital Investors LLC now owns 25,284 shares of the specialty chemicals company’s stock valued at $3,668,000 after buying an additional 1,044 shares during the period. Finally, Bowen Hanes & Co. Inc. lifted its stake in International Flavors & Fragrances by 0.8% in the second quarter. Bowen Hanes & Co. Inc. now owns 279,311 shares of the specialty chemicals company’s stock valued at $40,525,000 after buying an additional 2,340 shares during the period. 93.75% of the stock is currently owned by hedge funds and other institutional investors.

Shares of IFF traded up $1.22 during trading hours on Monday, hitting $133.90. 566,964 shares of the stock traded hands, compared to its average volume of 1,010,513. The company has a current ratio of 2.05, a quick ratio of 1.25 and a debt-to-equity ratio of 0.66. International Flavors & Fragrances has a 1-year low of $104.86 and a 1-year high of $152.95. The firm has a market capitalization of $14.01 billion, a PE ratio of 21.32 and a beta of 0.83. The business has a fifty day moving average of $121.65 and a 200-day moving average of $130.72.

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 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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