Equities research analysts predict that International Flavors & Fragrances Inc (NYSE:IFF) will announce $1.30 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Four analysts have provided estimates for International Flavors & Fragrances’ earnings. The highest sales estimate is $1.31 billion and the lowest is $1.29 billion. International Flavors & Fragrances reported sales of $930.93 million during the same quarter last year, which would suggest a positive year over year growth rate of 39.6%. The firm is scheduled to report its next earnings results on Monday, May 6th.

On average, analysts expect that International Flavors & Fragrances will report full year sales of $5.23 billion for the current fiscal year, with estimates ranging from $5.19 billion to $5.28 billion. For the next year, analysts anticipate that the firm 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 analysts that follow International Flavors & Fragrances.

International Flavors & Fragrances (NYSE:IFF) last announced its 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). The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. International Flavors & Fragrances had a return on equity of 15.56% and a net margin of 8.48%. The business’s revenue was up 42.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 EPS.

A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, February 25th. KeyCorp cut their target price on shares of International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating for the company in a research report on Monday, February 25th. Seaport Global Securities began coverage on shares of International Flavors & Fragrances in a research report on Thursday, February 21st. They set a “neutral” rating for the company. Citigroup lowered their price target on shares of International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, February 21st. Finally, Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a report on Monday, February 18th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have assigned a buy rating to the company. International Flavors & Fragrances currently has a consensus rating of “Hold” and an average target price of $142.11.

In other news, major shareholder Winder Investment Pte Ltd purchased 100,000 shares of the stock in a transaction dated Monday, December 17th. The stock was acquired at an average cost of $133.38 per share, for a total transaction of $13,338,000.00. Following the completion of the acquisition, the insider now directly owns 18,687,358 shares in the company, valued at approximately $2,492,519,810.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have bought 1,176,910 shares of company stock valued at $154,813,455. Insiders own 0.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Swiss National Bank grew its holdings in International Flavors & Fragrances by 8.0% in the third quarter. Swiss National Bank now owns 322,464 shares of the specialty chemicals company’s stock valued at $44,861,000 after purchasing an additional 24,000 shares during the period. Robecosam AG grew its holdings in International Flavors & Fragrances by 48.4% in the fourth quarter. Robecosam AG now owns 18,334 shares of the specialty chemicals company’s stock valued at $2,424,000 after purchasing an additional 5,983 shares during the period. FMR LLC grew its holdings in International Flavors & Fragrances by 17,389.6% in the third quarter. FMR LLC now owns 2,290,964 shares of the specialty chemicals company’s stock valued at $318,718,000 after purchasing an additional 2,277,865 shares during the period. Creative Planning grew its holdings in International Flavors & Fragrances by 11.7% in the fourth quarter. Creative Planning now owns 7,603 shares of the specialty chemicals company’s stock valued at $1,021,000 after purchasing an additional 798 shares during the period. Finally, Prudential Financial Inc. grew its holdings in International Flavors & Fragrances by 3.2% in the third quarter. Prudential Financial Inc. now owns 90,692 shares of the specialty chemicals company’s stock valued at $12,617,000 after purchasing an additional 2,807 shares during the period. Hedge funds and other institutional investors own 82.63% of the company’s stock.

IFF traded down $0.48 during midday trading on Thursday, reaching $124.96. 1,079,170 shares of the company’s stock were exchanged, compared to its average volume of 880,428. 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 stock has a market cap of $13.38 billion, a P/E ratio of 19.90, a PEG ratio of 2.20 and a beta of 0.75. International Flavors & Fragrances has a 1-year low of $122.11 and a 1-year high of $150.57.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Monday, March 25th will be issued a dividend of $0.73 per share. The ex-dividend date of this dividend is Friday, March 22nd. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.34%. International Flavors & Fragrances’s dividend payout ratio (DPR) is presently 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 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.

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

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