Wall Street analysts expect International Flavors & Fragrances Inc (NYSE:IFF) to post $1.21 billion in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for International Flavors & Fragrances’ earnings. International Flavors & Fragrances posted sales of $1.29 billion during the same quarter last year, which would indicate a negative year-over-year growth rate of 6.2%. The company is scheduled to report its next earnings report on Monday, August 3rd.
On average, analysts expect that International Flavors & Fragrances will report full year sales of $5.13 billion for the current year, with estimates ranging from $5.07 billion to $5.26 billion. For the next year, analysts forecast that the firm will post sales of $5.35 billion, with estimates ranging from $5.18 billion to $5.52 billion. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow International Flavors & Fragrances.
International Flavors & Fragrances (NYSE:IFF) last posted its earnings results on Monday, May 11th. The specialty chemicals company reported $1.62 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.03. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. International Flavors & Fragrances had a net margin of 9.09% and a return on equity of 11.03%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.57 EPS.
NYSE IFF traded up $2.69 on Monday, hitting $126.86. The company had a trading volume of 49,125 shares, compared to its average volume of 936,096. The company has a market capitalization of $13.08 billion, a PE ratio of 30.02 and a beta of 1.05. The company’s fifty day moving average price is $129.43 and its 200-day moving average price is $125.86. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.98 and a quick ratio of 1.22. International Flavors & Fragrances has a 12-month low of $92.14 and a 12-month high of $147.20.
The business also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Shareholders of record on Thursday, June 25th will be given a $0.75 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. International Flavors & Fragrances’s payout ratio is currently 48.62%.
Several institutional investors and hedge funds have recently modified their holdings of the company. Winder Investment Pte Ltd lifted its position in shares of International Flavors & Fragrances by 17.0% during the first quarter. Winder Investment Pte Ltd now owns 24,130,000 shares of the specialty chemicals company’s stock worth $2,463,190,000 after purchasing an additional 3,504,867 shares in the last quarter. BlackRock Inc. increased its stake in International Flavors & Fragrances by 22.0% in the first quarter. BlackRock Inc. now owns 8,841,657 shares of the specialty chemicals company’s stock valued at $902,556,000 after purchasing an additional 1,595,504 shares during the last quarter. Alliancebernstein L.P. increased its stake in International Flavors & Fragrances by 4.4% in the first quarter. Alliancebernstein L.P. now owns 5,906,105 shares of the specialty chemicals company’s stock valued at $602,896,000 after purchasing an additional 248,332 shares during the last quarter. EdgePoint Investment Group Inc. purchased a new position in International Flavors & Fragrances in the first quarter valued at approximately $215,989,000. Finally, Amundi Pioneer Asset Management Inc. increased its stake in International Flavors & Fragrances by 29.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 1,823,083 shares of the specialty chemicals company’s stock valued at $235,215,000 after purchasing an additional 418,621 shares during the last quarter. 95.48% of the stock is currently owned by institutional investors and hedge funds.
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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