FY2024 Earnings Estimate for IFF Issued By Zacks Research

International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) - Investment analysts at Zacks Research cut their FY2024 earnings per share (EPS) estimates for International Flavors & Fragrances in a research note issued on Tuesday, November 19th. Zacks Research analyst R. Department now expects that the specialty chemicals company will post earnings of $4.06 per share for the year, down from their previous forecast of $4.09. The consensus estimate for International Flavors & Fragrances' current full-year earnings is $4.17 per share. Zacks Research also issued estimates for International Flavors & Fragrances' Q4 2024 earnings at $0.73 EPS, Q2 2025 earnings at $1.07 EPS, Q3 2025 earnings at $0.98 EPS and Q2 2026 earnings at $1.06 EPS.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.46). International Flavors & Fragrances had a negative net margin of 20.33% and a positive return on equity of 7.16%. The company had revenue of $2.93 billion during the quarter, compared to analysts' expectations of $2.83 billion. During the same period last year, the firm earned $0.89 earnings per share. International Flavors & Fragrances's revenue was up 3.7% on a year-over-year basis.

A number of other equities analysts have also recently commented on IFF. UBS Group lifted their target price on shares of International Flavors & Fragrances from $108.00 to $111.00 and gave the company a "neutral" rating in a report on Wednesday, November 6th. Wells Fargo & Company lifted their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the company an "overweight" rating in a research note on Thursday, August 8th. Barclays increased their target price on shares of International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an "equal weight" rating in a research note on Friday, October 11th. Mizuho upgraded International Flavors & Fragrances from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $109.00 to $120.00 in a research report on Tuesday, September 3rd. Finally, Stifel Nicolaus upped their price objective on International Flavors & Fragrances from $115.00 to $121.00 and gave the company a "buy" rating in a research note on Thursday, October 24th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and twelve have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $109.27.

International Flavors & Fragrances Trading Down 0.1 %

NYSE:IFF opened at $88.84 on Thursday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77. The stock's 50 day moving average price is $99.85 and its 200 day moving average price is $98.38.

Institutional Trading of International Flavors & Fragrances

Several large investors have recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its stake in International Flavors & Fragrances by 1.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 615,006 shares of the specialty chemicals company's stock valued at $64,533,000 after buying an additional 7,553 shares in the last quarter. Kimelman & Baird LLC acquired a new stake in shares of International Flavors & Fragrances in the second quarter worth approximately $868,000. GM Advisory Group LLC purchased a new position in International Flavors & Fragrances during the second quarter worth approximately $686,000. CANADA LIFE ASSURANCE Co boosted its holdings in International Flavors & Fragrances by 9.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 255,849 shares of the specialty chemicals company's stock valued at $22,002,000 after acquiring an additional 22,398 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in International Flavors & Fragrances by 69.5% during the first quarter. Cetera Investment Advisers now owns 56,751 shares of the specialty chemicals company's stock valued at $4,880,000 after acquiring an additional 23,278 shares during the period. 96.02% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Yuvraj Arora sold 5,000 shares of the business's stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $91.75, for a total value of $458,750.00. Following the sale, the insider now directly owns 3,238 shares in the company, valued at $297,086.50. The trade was a 60.69 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.20% of the company's stock.

International Flavors & Fragrances Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.80%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances's dividend payout ratio (DPR) is -17.60%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc, together with its subsidiaries, manufactures and sells cosmetic active and natural health ingredients for use in various consumer products in the United States, Europe, and internationally. It operates through four segments: Nourish, Health & Biosciences, Scent, and Pharma Solutions.

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