Q2 2023 EPS Estimates for International Flavors & Fragrances Inc. Decreased by Zacks Research (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFF – Get Rating) – Stock analysts at Zacks Research cut their Q2 2023 EPS estimates for shares of International Flavors & Fragrances in a report released on Monday, May 22nd. Zacks Research analyst M. Das now anticipates that the specialty chemicals company will post earnings of $1.15 per share for the quarter, down from their previous estimate of $1.24. The consensus estimate for International Flavors & Fragrances’ current full-year earnings is $4.72 per share. Zacks Research also issued estimates for International Flavors & Fragrances’ Q3 2023 earnings at $1.36 EPS, Q1 2024 earnings at $1.12 EPS, Q3 2024 earnings at $1.42 EPS, FY2024 earnings at $5.19 EPS, Q1 2025 earnings at $1.54 EPS and FY2025 earnings at $6.27 EPS.

IFF has been the topic of a number of other reports. Robert W. Baird reduced their price target on shares of International Flavors & Fragrances from $120.00 to $106.00 and set an “outperform” rating on the stock in a research report on Friday, February 10th. UBS Group boosted their price target on shares of International Flavors & Fragrances from $126.00 to $128.00 in a research report on Tuesday, May 9th. StockNews.com started coverage on shares of International Flavors & Fragrances in a research report on Thursday, May 18th. They issued a “sell” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of International Flavors & Fragrances from $120.00 to $110.00 and set a “buy” rating on the stock in a research report on Friday, February 10th. Finally, Barclays reduced their target price on shares of International Flavors & Fragrances from $81.00 to $75.00 in a research report on Thursday, May 11th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, International Flavors & Fragrances currently has an average rating of “Hold” and an average target price of $114.13.

International Flavors & Fragrances Price Performance

Shares of International Flavors & Fragrances stock opened at $78.26 on Thursday. The firm has a market cap of $19.96 billion, a P/E ratio of -9.52, a price-to-earnings-growth ratio of 4.61 and a beta of 1.08. International Flavors & Fragrances has a twelve month low of $78.04 and a twelve month high of $135.17. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.92 and a current ratio of 1.53. The firm’s 50-day simple moving average is $89.91 and its 200-day simple moving average is $98.00.

International Flavors & Fragrances (NYSE:IFF – Get Rating) last issued its earnings results on Monday, May 8th. The specialty chemicals company reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.02). International Flavors & Fragrances had a negative net margin of 17.12% and a positive return on equity of 6.64%. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $2.98 billion. During the same quarter last year, the firm posted $1.69 earnings per share. International Flavors & Fragrances’s revenue was down 6.2% on a year-over-year basis.

International Flavors & Fragrances Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 23rd will be paid a $0.81 dividend. This represents a $3.24 annualized dividend and a yield of 4.14%. The ex-dividend date of this dividend is Thursday, June 22nd. International Flavors & Fragrances’s payout ratio is presently -39.42%.

Insider Buying and Selling at International Flavors & Fragrances

In other news, insider De Villeplee Christoph Fauchon sold 1,972 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $86.35, for a total transaction of $170,282.20. Following the completion of the sale, the insider now owns 9,093 shares of the company’s stock, valued at $785,180.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.20% of the company’s stock.

Institutional Investors Weigh In On International Flavors & Fragrances

Large investors have recently made changes to their positions in the stock. Fairfield Bush & CO. boosted its holdings in International Flavors & Fragrances by 11.7% during the first quarter. Fairfield Bush & CO. now owns 4,791 shares of the specialty chemicals company’s stock worth $629,000 after purchasing an additional 500 shares during the last quarter. American Century Companies Inc. lifted its stake in International Flavors & Fragrances by 19.8% in the first quarter. American Century Companies Inc. now owns 3,380 shares of the specialty chemicals company’s stock valued at $444,000 after acquiring an additional 558 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its stake in International Flavors & Fragrances by 10.9% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 5,844 shares of the specialty chemicals company’s stock valued at $767,000 after acquiring an additional 574 shares during the last quarter. Raymond James Trust N.A. lifted its stake in International Flavors & Fragrances by 2.4% in the first quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company’s stock valued at $498,000 after acquiring an additional 90 shares during the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in International Flavors & Fragrances by 31.5% in the first quarter. Vontobel Holding Ltd. now owns 3,684 shares of the specialty chemicals company’s stock valued at $483,000 after acquiring an additional 883 shares during the last quarter. Institutional investors own 88.86% of the company’s stock.

International Flavors & Fragrances Company Profile

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International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B’s Food & Beverage division and the food protection business of N&B’s Health & Biosciences division.