Brokerages forecast that Internationa Flavors & Fragrances, Inc. (NYSE:IFF) will report sales of $845.41 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Internationa Flavors & Fragrances’ earnings. The lowest sales estimate is $843.90 million and the highest is $846.91 million. Internationa Flavors & Fragrances posted sales of $793.48 million during the same quarter last year, which would indicate a positive year over year growth rate of 6.5%. The firm is scheduled to announce its next quarterly earnings results on Monday, August 14th.

On average, analysts expect that Internationa Flavors & Fragrances will report full year sales of $845.41 million for the current fiscal year, with estimates ranging from $3.30 billion to $3.33 billion. For the next fiscal year, analysts forecast that the business will post sales of $3.43 billion per share, with estimates ranging from $3.41 billion to $3.45 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that follow Internationa Flavors & Fragrances.

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

IFF has been the topic of a number of research reports. Zacks Investment Research raised shares of Internationa Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price objective on the stock in a research report on Monday, May 1st. Stifel Nicolaus boosted their price objective on shares of Internationa Flavors & Fragrances from $123.00 to $127.00 and gave the stock a “hold” rating in a research report on Monday, March 27th. Vertical Group lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Tuesday, May 9th. BidaskClub lowered shares of Internationa Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Barclays PLC reissued a “sell” rating on shares of Internationa Flavors & Fragrances in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. Internationa Flavors & Fragrances has a consensus rating of “Hold” and an average price target of $139.83.

Shares of Internationa Flavors & Fragrances (IFF) opened at 134.58 on Friday. The stock has a market cap of $10.63 billion, a P/E ratio of 26.77 and a beta of 1.07. Internationa Flavors & Fragrances has a 52-week low of $113.16 and a 52-week high of $143.64. The firm has a 50-day moving average of $136.17 and a 200-day moving average of $127.30.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Monday, June 26th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 1.90%. The ex-dividend date is Thursday, June 22nd. Internationa Flavors & Fragrances’s dividend payout ratio (DPR) is currently 50.89%.

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In other news, major shareholder Winder Investment Pte Ltd purchased 36,500 shares of the company’s stock in a transaction on Wednesday, April 19th. The shares were purchased at an average cost of $134.53 per share, with a total value of $4,910,345.00. Following the completion of the transaction, the insider now owns 8,716,933 shares of the company’s stock, valued at approximately $1,172,688,996.49. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Francisco Fortanet sold 300 shares of the company’s stock in a transaction on Wednesday, May 3rd. The stock was sold at an average price of $138.65, for a total transaction of $41,595.00. Following the sale, the executive vice president now directly owns 20,294 shares in the company, valued at $2,813,763.10. The disclosure for this sale can be found here. Insiders have acquired 495,140 shares of company stock worth $67,691,529 over the last ninety days. Insiders own 0.48% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in Internationa Flavors & Fragrances during the fourth quarter valued at approximately $8,754,000. State Board of Administration of Florida Retirement System increased its position in Internationa Flavors & Fragrances by 3.9% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 125,912 shares of the specialty chemicals company’s stock valued at $14,836,000 after buying an additional 4,700 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Internationa Flavors & Fragrances by 77.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 15,632 shares of the specialty chemicals company’s stock valued at $1,842,000 after buying an additional 6,800 shares in the last quarter. Van ECK Associates Corp increased its position in Internationa Flavors & Fragrances by 5.1% in the fourth quarter. Van ECK Associates Corp now owns 1,089 shares of the specialty chemicals company’s stock valued at $128,000 after buying an additional 53 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Internationa Flavors & Fragrances by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 240,128 shares of the specialty chemicals company’s stock valued at $28,296,000 after buying an additional 2,445 shares in the last quarter. 86.29% of the stock is currently owned by hedge funds and other institutional investors.

Internationa 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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