Equities Analysts Issue Forecasts for International Flavors & Fragrances Inc’s Q3 2019 Earnings (IFF)

International Flavors & Fragrances Inc (NYSE:IFF) – Investment analysts at Seaport Global Securities decreased their Q3 2019 EPS estimates for International Flavors & Fragrances in a report issued on Tuesday, May 7th. Seaport Global Securities analyst B. Hundley now anticipates that the specialty chemicals company will post earnings of $1.66 per share for the quarter, down from their previous forecast of $1.69. Seaport Global Securities has a “Neutral” rating on the stock. Seaport Global Securities also issued estimates for International Flavors & Fragrances’ FY2020 earnings at $7.27 EPS.

Other equities research analysts also recently issued research reports about the company. Goldman Sachs Group upgraded International Flavors & Fragrances from a “neutral” rating to a “buy” rating and lifted their target price for the company from $137.00 to $151.00 in a research report on Thursday, March 21st. UBS Group lifted their target price on International Flavors & Fragrances from $168.00 to $172.00 and gave the company a “buy” rating in a research report on Tuesday, May 7th. Zacks Investment Research upgraded International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research report on Monday, January 21st. Citigroup reduced their target price on International Flavors & Fragrances from $146.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, February 21st. Finally, KeyCorp reduced their target price on International Flavors & Fragrances from $160.00 to $143.00 and set an “overweight” rating on the stock in a research report on Monday, February 25th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $148.25.

NYSE:IFF opened at $136.13 on Friday. International Flavors & Fragrances has a 52 week low of $121.85 and a 52 week high of $150.57. The company has a current ratio of 2.56, a quick ratio of 1.65 and a debt-to-equity ratio of 0.72. The firm has a market capitalization of $14.52 billion, a price-to-earnings ratio of 21.68 and a beta of 0.77.

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, topping the Zacks’ consensus estimate of $1.52 by $0.05. International Flavors & Fragrances had a return on equity of 12.74% and a net margin of 7.29%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the previous year, the company posted $1.79 earnings per share. The firm’s revenue for the quarter was up 39.4% compared to the same quarter last year.

Several hedge funds have recently bought and sold shares of IFF. JOYN Advisors Inc. raised its holdings in shares of International Flavors & Fragrances by 65.5% in the 4th quarter. JOYN Advisors Inc. now owns 187 shares of the specialty chemicals company’s stock valued at $25,000 after buying an additional 74 shares during the period. Lenox Wealth Management Inc. purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at $26,000. Massey Quick Simon & CO. LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $27,000. Fort L.P. raised its holdings in shares of International Flavors & Fragrances by 365.3% in the 4th quarter. Fort L.P. now owns 228 shares of the specialty chemicals company’s stock valued at $31,000 after buying an additional 179 shares during the period. Finally, Penserra Capital Management LLC purchased a new stake in shares of International Flavors & Fragrances in the 4th quarter valued at $37,000. Hedge funds and other institutional investors own 83.49% of the company’s stock.

In other news, major shareholder Winder Investment Pte Ltd acquired 85,946 shares of the business’s stock in a transaction that occurred on Thursday, February 14th. The shares were purchased at an average price of $132.28 per share, for a total transaction of $11,368,936.88. Following the acquisition, the insider now owns 20,007,252 shares of the company’s stock, valued at $2,646,559,294.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders purchased a total of 165,588 shares of company stock worth $21,637,048 in the last quarter. Company insiders own 0.39% of the company’s stock.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 5th. Investors of record on Monday, June 24th will be issued a $0.73 dividend. The ex-dividend date is Friday, June 21st. This represents a $2.92 annualized dividend and a dividend yield of 2.15%. International Flavors & Fragrances’s dividend payout ratio is presently 46.50%.

About International Flavors & Fragrances

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.

Further Reading: No Load Funds

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

Receive News & Ratings for International Flavors & Fragrances Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for International Flavors & Fragrances and related companies with MarketBeat.com's FREE daily email newsletter.