$1.33 Earnings Per Share Expected for International Flavors & Fragrances Inc (NYSE:IFF) This Quarter

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Equities analysts expect International Flavors & Fragrances Inc (NYSE:IFF) to announce earnings of $1.33 per share for the current fiscal quarter, according to Zacks Investment Research. Three analysts have provided estimates for International Flavors & Fragrances’ earnings, with the lowest EPS estimate coming in at $1.32 and the highest estimate coming in at $1.33. International Flavors & Fragrances posted earnings of $1.30 per share during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.3%. The business is expected to issue its next quarterly earnings results on Monday, August 3rd.

According to Zacks, analysts expect that International Flavors & Fragrances will report full-year earnings of $5.95 per share for the current year, with EPS estimates ranging from $5.68 to $6.36. For the next fiscal year, analysts forecast that the firm will post earnings of $6.33 per share, with EPS estimates ranging from $5.66 to $7.04. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 11th. The specialty chemicals company reported $1.62 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.03. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.31 billion. International Flavors & Fragrances had a return on equity of 11.03% and a net margin of 9.09%. International Flavors & Fragrances’s revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.57 EPS.

Several research analysts recently issued reports on IFF shares. Citigroup raised their target price on International Flavors & Fragrances from $113.00 to $133.40 and gave the stock a “neutral” rating in a research report on Wednesday, May 13th. UBS Group raised their target price on International Flavors & Fragrances from $154.00 to $156.00 and gave the stock a “buy” rating in a research report on Tuesday, May 12th. Cfra lifted their price objective on International Flavors & Fragrances from $143.00 to $148.00 and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Exane BNP Paribas lowered International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 price objective for the company. in a research report on Monday, June 22nd. Finally, BNP Paribas lowered International Flavors & Fragrances from a “neutral” rating to an “underperform” rating and set a $111.00 price objective for the company. in a research report on Monday, June 22nd. Five equities research analysts have rated the stock with a sell rating, four have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $135.53.

NYSE:IFF traded up $2.69 during trading hours on Friday, hitting $126.86. 49,125 shares of the company were exchanged, compared to its average volume of 936,096. The stock has a market capitalization of $13.08 billion, a price-to-earnings ratio of 30.02 and a beta of 1.05. The company has a current ratio of 1.98, a quick ratio of 1.22 and a debt-to-equity ratio of 0.68. International Flavors & Fragrances has a one year low of $92.14 and a one year high of $147.20. The company has a fifty day simple moving average of $129.43 and a 200 day simple moving average of $125.86.

The company also recently announced a quarterly dividend, which will be paid on Monday, July 6th. Investors of record on Thursday, June 25th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date of this dividend is Wednesday, June 24th. International Flavors & Fragrances’s payout ratio is 48.62%.

A number of institutional investors have recently modified their holdings of IFF. PSI Advisors LLC acquired a new position in International Flavors & Fragrances during the 4th quarter valued at about $25,000. Procyon Private Wealth Partners LLC acquired a new position in International Flavors & Fragrances during the 4th quarter valued at about $30,000. Synovus Financial Corp acquired a new position in International Flavors & Fragrances during the 1st quarter valued at about $25,000. Bainco International Investors acquired a new position in International Flavors & Fragrances during the 1st quarter valued at about $26,000. Finally, Busey Wealth Management acquired a new position in International Flavors & Fragrances during the 4th quarter valued at about $35,000. 95.48% of the stock is owned by institutional investors and hedge funds.

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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