Analysts Expect International Flavors & Fragrances Inc (IFF) Will Announce Quarterly Sales of $9

Brokerages forecast that International Flavors & Fragrances Inc (NYSE:IFF) will report $903.25 million in sales for the current fiscal quarter, according to Zacks. Three analysts have made estimates for International Flavors & Fragrances’ earnings, with the highest sales estimate coming in at $910.29 million and the lowest estimate coming in at $891.68 million. International Flavors & Fragrances posted sales of $842.86 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.2%. The business is expected to issue its next earnings results on Tuesday, August 14th.

On average, analysts expect that International Flavors & Fragrances will report full year sales of $3.64 billion for the current fiscal year, with estimates ranging from $3.59 billion to $3.67 billion. For the next year, analysts forecast that the business will report sales of $3.78 billion per share, with estimates ranging from $3.69 billion to $3.84 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover International Flavors & Fragrances.

Get International Flavors & Fragrances alerts:

International Flavors & Fragrances (NYSE:IFF) last announced its earnings results on Monday, May 7th. The specialty chemicals company reported $1.69 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.10. The business had revenue of $930.93 million during the quarter, compared to the consensus estimate of $911.57 million. International Flavors & Fragrances had a return on equity of 27.89% and a net margin of 8.83%. The business’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.52 EPS.

IFF has been the subject of several research reports. Sanford C. Bernstein set a $155.00 price target on International Flavors & Fragrances and gave the stock a “buy” rating in a research report on Thursday, May 10th. Zacks Investment Research cut International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. Stifel Nicolaus dropped their price target on International Flavors & Fragrances to $147.00 and set a “hold” rating for the company in a research report on Tuesday, May 8th. ValuEngine cut International Flavors & Fragrances from a “hold” rating to a “sell” rating in a research report on Wednesday, May 16th. Finally, Deutsche Bank dropped their price target on International Flavors & Fragrances from $135.00 to $124.00 and set a “hold” rating for the company in a research report on Tuesday, May 8th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $147.56.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd purchased 50,000 shares of the firm’s stock in a transaction dated Thursday, March 22nd. The shares were acquired at an average price of $134.17 per share, with a total value of $6,708,500.00. Following the purchase, the insider now directly owns 10,470,193 shares in the company, valued at approximately $1,404,785,794.81. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Francisco Fortanet sold 800 shares of the company’s stock in a transaction on Wednesday, April 18th. The shares were sold at an average price of $142.28, for a total value of $113,824.00. Following the completion of the transaction, the executive vice president now directly owns 17,582 shares in the company, valued at approximately $2,501,566.96. The disclosure for this sale can be found here. Over the last 90 days, insiders acquired 1,580,727 shares of company stock valued at $202,021,411. 0.48% of the stock is owned by company insiders.

Several institutional investors have recently made changes to their positions in IFF. TimesSquare Capital Management LLC acquired a new position in shares of International Flavors & Fragrances in the 4th quarter valued at $83,905,000. BlackRock Inc. lifted its stake in shares of International Flavors & Fragrances by 4.4% in the 4th quarter. BlackRock Inc. now owns 5,289,706 shares of the specialty chemicals company’s stock valued at $807,263,000 after purchasing an additional 222,692 shares during the last quarter. Wells Fargo & Company MN lifted its stake in shares of International Flavors & Fragrances by 11.8% in the 1st quarter. Wells Fargo & Company MN now owns 1,533,410 shares of the specialty chemicals company’s stock valued at $209,939,000 after purchasing an additional 161,663 shares during the last quarter. Winder Investment Pte Ltd lifted its stake in shares of International Flavors & Fragrances by 1.5% in the 1st quarter. Winder Investment Pte Ltd now owns 10,574,597 shares of the specialty chemicals company’s stock valued at $1,447,768,000 after purchasing an additional 154,404 shares during the last quarter. Finally, Champlain Investment Partners LLC lifted its stake in shares of International Flavors & Fragrances by 62.0% in the 1st quarter. Champlain Investment Partners LLC now owns 300,155 shares of the specialty chemicals company’s stock valued at $41,094,000 after purchasing an additional 114,860 shares during the last quarter. 82.53% of the stock is currently owned by institutional investors and hedge funds.

Shares of International Flavors & Fragrances traded up $0.62, hitting $126.22, during trading hours on Friday, Marketbeat Ratings reports. 675,536 shares of the company’s stock were exchanged, compared to its average volume of 587,510. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.75 and a quick ratio of 1.79. The company has a market cap of $9.82 billion, a price-to-earnings ratio of 21.43, a PEG ratio of 2.22 and a beta of 1.07. International Flavors & Fragrances has a fifty-two week low of $122.11 and a fifty-two week high of $157.40.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 6th. Shareholders of record on Monday, June 25th will be issued a $0.69 dividend. This represents a $2.76 annualized dividend and a yield of 2.19%. The ex-dividend date is Friday, June 22nd. International Flavors & Fragrances’s payout ratio is currently 46.86%.

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 two segments, Flavors and Fragrances. The Flavors 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.

Get a free copy of the Zacks research report on International Flavors & Fragrances (IFF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for International Flavors & Fragrances (NYSE:IFF)