Brokerages Anticipe International Flavors & Fragrances Inc. (NYSE: IFF) to Post Quarterly Sales of $ 2.99 billion
Wall Street brokerages expect International Flavors & Fragrances Inc. (NYSE: IFF) to post revenue of $ 2.99 billion for the current quarter, according to Zacks Investment Research. Five analysts have estimated the profits of International Flavors & Fragrances. The lowest sales estimate is $ 2.94 billion and the highest is $ 3.07 billion. International Flavors & Fragrances recorded sales of $ 1.20 billion in the same quarter of last year, which would indicate a positive growth rate of 149.2% year-over-year. The company is expected to release its next earnings report on Monday, August 9.
Zacks says analysts expect International Flavors & Fragrances to have annual sales of $ 11.29 billion for the current fiscal year, with estimates ranging from $ 11.25 billion to $ 11.42 billion. of dollars. For next year, analysts predict the company will post sales of $ 12.16 billion, with estimates ranging from $ 12.00 billion to $ 12.31 billion. Zacks’ sales calculations are an average based on a survey of sales analysts who cover International Flavors & Fragrances.
International Flavors & Fragrances (NYSE: IFF) last reported quarterly results on Monday, May 10. The specialty chemicals company reported $ 1.60 of BPA for the quarter, beating Zacks’ consensus estimate of $ 1.51 by $ 0.09. The company posted revenue of $ 2.47 billion in the quarter, compared to analysts’ estimates of $ 2.45 billion. International Flavors & Fragrances recorded a return on equity of 7.94% and a net margin of 3.17%. The company’s revenue increased 83.0% year-over-year. During the same period last year, the company made earnings per share of $ 1.62.
A number of analysts recently commented on the company. Morgan Stanley reiterated an “overweight” rating and posted a price target of $ 160.00 on shares of International Flavors & Fragrances in a research report on Monday, April 19. Berenberg Bank raised International Flavors & Fragrances from a “keep” rating to a “buy” rating and raised its share price target from $ 139.00 to $ 160.00 in a research report on Thursday 25 March. Deutsche Bank Aktiengesellschaft raised its price target for international flavors and fragrances from $ 151.00 to $ 158.00 and gave the stock a “buy” rating in a research report published on Wednesday May 5th. . Wells Fargo & Company raised its target price on International Flavors & Fragrances from $ 160.00 to $ 168.00 and assigned the stock an “overweight” rating in a research report published on Monday, June 28. Finally, Jefferies Financial Group increased its target price on International Flavors & Fragrances from $ 155.00 to $ 160.00 and gave the stock a “buy” rating in a research report on Thursday, May 13. Four research analysts rated the stock with a conservation rating and ten issued a buy rating for the stock. International Flavors & Fragrances has a consensus rating of “Buy” and an average target price of $ 148.85.
In other news from International Flavors & Fragrances, insider Simon Herriott sold 1,332 shares of the company in a trade that took place on Thursday, May 13. The stock was sold for an average price of $ 138.47, for a total value of $ 184,442.04. As a result of the sale, the insider now owns 2,847 shares of the company, valued at approximately $ 394,224.09. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In addition, director Ilene S. Gordon bought 1,000 shares of the company in a trade on Friday May 14th. The stock was purchased at an average price of $ 140.39 per share, for a total transaction of $ 140,390.00. As a result of the purchase, the Director now directly owns 1,255 shares of the company, valued at approximately $ 176,189.45. Disclosure of this purchase can be found here. 0.17% of the shares are currently owned by insiders.
A number of hedge funds and other institutional investors have recently increased or reduced their stakes in the company. Advisor Partners LLC increased its stake in International Flavors & Fragrances by 11.4% in the 1st quarter. Advisor Partners LLC now owns 2,394 shares of the specialty chemicals company valued at $ 334,000 after acquiring 245 additional shares in the last quarter. Unified Trust Company NA increased its stake in International Flavors & Fragrances by 3.1% in the 1st quarter. Unified Trust Company NA now owns 27,296 shares of the specialty chemicals company valued at $ 3,810,000 after acquiring 822 additional shares in the last quarter. Schroder Investment Management Group increased its stake in International Flavors & Fragrances by 2,204.7% in the 1st quarter. Schroder Investment Management Group now owns 74,374 shares of the specialty chemicals company valued at $ 10,384,000 after acquiring an additional 71,147 shares in the last quarter. 180 Wealth Advisors LLC purchased a new equity stake in International Flavors & Fragrances during the 1st quarter for a value of approximately $ 1,347,000. Finally, Kingsview Wealth Management LLC purchased a new equity stake in International Flavors & Fragrances during the 1st quarter for a value of approximately $ 323,000. Hedge funds and other institutional investors hold 91.22% of the company’s shares.
IFF shares opened at $ 148.80 on Thursday. The stock has a 50-day moving average price of $ 144.78. The company has a debt to equity ratio of 0.52, a quick ratio of 1.10 and a current ratio of 1.89. The company has a market cap of $ 37.04 billion, a price / earnings ratio of 80.43, a price / earnings-growth ratio of 2.59, and a beta of 0.96. International Flavors & Fragrances has a 12 month low of $ 99.54 and a 12 month high of $ 150.16.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 6. Investors registered on Friday June 25 received a dividend of $ 0.77. The ex-dividend date was Thursday, June 24. This represents an annualized dividend of $ 3.08 and a dividend yield of 2.07%. International Flavors & Fragrances’ dividend payout ratio is currently 54.04%.
Company Profile for International Flavors and Fragrances
International Flavors & Fragrances Inc, with its subsidiaries, manufactures and sells active and natural cosmetic ingredients for health for use in various consumer products in Europe, Africa, Middle East, Greater Asia, North America and in Latin America. It operates through four segments: Nourish, Scent, Health & Biosciences and Pharma Solutions.
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