Symrise AG (OTCMKTS:SYIEY) to Post FY2022 Earnings of $0.86 Per Share, Jefferies Financial Group Forecasts

Symrise AG (OTCMKTS:SYIEYGet Rating) – Research analysts at Jefferies Financial Group boosted their FY2022 earnings estimates for shares of Symrise in a research report issued on Wednesday, September 14th. Jefferies Financial Group analyst C. Counihan now anticipates that the company will earn $0.86 per share for the year, up from their previous forecast of $0.82. The consensus estimate for Symrise’s current full-year earnings is $0.82 per share. Jefferies Financial Group also issued estimates for Symrise’s FY2023 earnings at $0.99 EPS.

Separately, Berenberg Bank lowered their target price on shares of Symrise from €119.00 ($121.43) to €114.00 ($116.33) and set a “hold” rating on the stock in a report on Tuesday, July 19th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $117.00.

Symrise Stock Down 0.6 %

Shares of SYIEY opened at $24.70 on Friday. Symrise has a 12 month low of $24.53 and a 12 month high of $37.21. The firm’s 50 day moving average is $27.23 and its 200-day moving average is $27.80. The company has a quick ratio of 1.17, a current ratio of 2.04 and a debt-to-equity ratio of 0.41.

About Symrise

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Symrise AG supplies fragrances, flavorings, cosmetic active ingredients and raw materials, and functional ingredients. It operates through two segments, Taste, Nutrition & Health, and Scent & Care. The Taste, Nutrition & Health segment provides functional ingredients and flavor solutions used in the production of food and beverages; savory flavors; natural and sustainable ingredients for food and beverage manufacturers, baby food, and dietary supplements; product solutions and services for pet food manufacturers; sustainable ingredients and services for aqua feed manufacturers to develop solutions for fish and shrimp farms; and probiotics for food supplements and functional foods.

Further Reading

Earnings History and Estimates for Symrise (OTCMKTS:SYIEY)

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