Equities research analysts forecast that International Flavors & Fragrances Inc (NYSE:IFF) will post $1.31 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for International Flavors & Fragrances’ earnings. The highest sales estimate is $1.33 billion and the lowest is $1.30 billion. International Flavors & Fragrances posted sales of $920.02 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 42.4%. The company is scheduled to issue its next quarterly earnings results on Tuesday, August 6th.

On average, analysts expect that International Flavors & Fragrances will report full-year sales of $5.21 billion for the current year, with estimates ranging from $5.17 billion to $5.25 billion. For the next year, analysts expect that the company will post sales of $5.44 billion, with estimates ranging from $5.40 billion to $5.47 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings data on Monday, May 6th. The specialty chemicals company reported $1.57 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.05. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The company’s revenue was up 39.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.79 EPS.

IFF has been the topic of several analyst reports. Goldman Sachs Group upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and raised their target price for the company from $137.00 to $151.00 in a report on Thursday, March 21st. Citigroup dropped 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. Zacks Investment Research downgraded International Flavors & Fragrances from a “hold” rating to a “sell” rating in a report on Monday, February 18th. Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a report on Monday, February 18th. Finally, Seaport Global Securities initiated coverage on International Flavors & Fragrances in a report on Thursday, February 21st. They set a “neutral” rating on the stock. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $148.25.

In other International Flavors & Fragrances news, major shareholder Winder Investment Pte Ltd acquired 85,946 shares of the company’s stock in a transaction on Thursday, February 14th. The shares were bought at an average cost of $132.28 per share, for a total transaction of $11,368,936.88. Following the acquisition, the insider now directly owns 20,007,252 shares of the company’s stock, valued at $2,646,559,294.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 165,588 shares of company stock worth $21,637,048 over the last 90 days. 0.39% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. JOYN Advisors Inc. increased its holdings in International Flavors & Fragrances by 65.5% during the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock worth $25,000 after purchasing an additional 74 shares during the last quarter. Massey Quick Simon & CO. LLC purchased a new stake in International Flavors & Fragrances during the 4th quarter worth approximately $27,000. Lenox Wealth Management Inc. purchased a new stake in International Flavors & Fragrances during the 1st quarter worth approximately $26,000. Fort L.P. increased its holdings in International Flavors & Fragrances by 365.3% during the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock worth $31,000 after purchasing an additional 179 shares during the last quarter. Finally, Kaizen Advisory LLC increased its holdings in International Flavors & Fragrances by 50.3% during the 4th quarter. Kaizen Advisory LLC now owns 272 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 91 shares during the last quarter. Institutional investors own 83.49% of the company’s stock.

Shares of NYSE:IFF opened at $136.01 on Wednesday. The stock has a market cap of $14.51 billion, a P/E ratio of 21.66 and a beta of 0.77. The company has a current ratio of 2.56, a quick ratio of 1.65 and a debt-to-equity ratio of 0.72. International Flavors & Fragrances has a one year low of $121.85 and a one year high of $150.57.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 24th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, June 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.15%. International Flavors & Fragrances’s payout ratio is currently 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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