Wall Street brokerages expect International Flavors & Fragrances Inc (NYSE:IFF) to report sales of $1.28 billion for the current quarter, according to Zacks. Four analysts have issued estimates for International Flavors & Fragrances’ earnings, with the highest sales estimate coming in at $1.30 billion and the lowest estimate coming in at $1.27 billion. International Flavors & Fragrances reported sales of $930.93 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 37.5%. The business is scheduled to report its next quarterly earnings results on Monday, May 6th.

On average, analysts expect that International Flavors & Fragrances will report full year sales of $5.21 billion for the current financial year, with estimates ranging from $5.19 billion to $5.24 billion. For the next fiscal year, analysts forecast that the company will post sales of $5.52 billion, with estimates ranging from $5.40 billion to $5.83 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that cover International Flavors & Fragrances.

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

A number of research analysts have weighed in on IFF shares. Goldman Sachs Group upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and upped their target price for the stock from $137.00 to $151.00 in a report on Thursday, March 21st. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Monday, January 21st. ValuEngine downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a report on Thursday, January 10th. Seaport Global Securities started coverage on International Flavors & Fragrances in a report on Thursday, February 21st. They set a “neutral” rating on the stock. Finally, Citigroup reduced their target price on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, February 21st. Four analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the company’s stock. International Flavors & Fragrances has a consensus rating of “Hold” and a consensus target price of $144.33.

In other news, major shareholder Winder Investment Pte Ltd bought 85,946 shares of International Flavors & Fragrances stock in a transaction on Thursday, February 14th. The shares were purchased at an average price of $132.28 per share, for a total transaction of $11,368,936.88. Following the acquisition, the insider now owns 20,007,252 shares of the company’s stock, valued at $2,646,559,294.56. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired a total of 165,588 shares of company stock worth $21,637,048 in the last quarter. Company insiders own 0.39% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of IFF. Dimensional Fund Advisors LP boosted its position in shares of International Flavors & Fragrances by 3.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 271,022 shares of the specialty chemicals company’s stock worth $37,703,000 after purchasing an additional 9,059 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $332,000. The Manufacturers Life Insurance Company boosted its position in shares of International Flavors & Fragrances by 2.1% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 82,229 shares of the specialty chemicals company’s stock worth $11,440,000 after purchasing an additional 1,698 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of International Flavors & Fragrances by 18.8% in the 3rd quarter. Pacer Advisors Inc. now owns 4,346 shares of the specialty chemicals company’s stock worth $605,000 after purchasing an additional 688 shares in the last quarter. Finally, Kentucky Retirement Systems bought a new stake in shares of International Flavors & Fragrances in the 3rd quarter worth approximately $579,000. 83.19% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:IFF opened at $136.00 on Monday. International Flavors & Fragrances has a 1 year low of $121.85 and a 1 year high of $150.57. The stock has a market cap of $14.50 billion, a P/E ratio of 21.66, a price-to-earnings-growth ratio of 2.38 and a beta of 0.75. The company has a current ratio of 2.61, a quick ratio of 1.65 and a debt-to-equity ratio of 0.75.

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Monday, March 25th were issued a dividend of $0.73 per share. The ex-dividend date was Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.15%. International Flavors & Fragrances’s dividend payout ratio (DPR) is 46.50%.

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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