Equity research analysts predict that International Flavors & Fragrances Inc. (NYSE: IFF) will post earnings per share (EPS) of $ 1.42 for the current quarter, Zacks Investment Research reports. Four analysts provided estimates for International Flavors & Fragrances revenue, with estimates ranging from $ 1.34 to $ 1.50. International Flavors & Fragrances posted earnings per share of $ 1.40 in the same quarter last year, suggesting a positive year-over-year growth rate of 1.4%. The company is expected to release its next results on Monday, November 8.

Zacks says analysts expect International Flavors & Fragrances to report annual profit of $ 5.80 per share for the current fiscal year, with EPS estimates ranging from $ 5.60 to $ 5.94 . For next year, analysts predict the company will post earnings of $ 6.53 per share, with EPS estimates ranging from $ 6.19 to $ 6.77. Zacks’ EPS calculations are an average based on a survey of sell-side research companies that track International Flavors & Fragrances.

International Flavors & Fragrances (NYSE: IFF) last released its quarterly results on Thursday, August 5. The specialty chemicals company reported earnings per share of $ 1.50 for the quarter, hitting Thomson Reuters’ consensus estimate of $ 1.50. International Flavors & Fragrances posted a net margin of 1.71% and a return on equity of 7.32%. The company posted revenue of $ 3.09 billion for the quarter, compared to $ 2.99 billion expected by analysts.

Several analysts recently published reports on IFF shares. Mizuho began covering the actions of International Flavors & Fragrances in a research report on Tuesday. They set a “neutral” rating and a target price of $ 154.00 for the stock. Redburn Partners launched coverage on the shares of International Flavors & Fragrances in a research report on Tuesday, July 20. They issued a “buy” note and a target price of $ 140.11 on the stock. Finally, Wells Fargo & Company lowered its price target on International Flavors & Fragrances shares from $ 170.00 to $ 160.00 and set an “overweight” rating on the share in a report released on Monday. September 20. Four investment analysts gave the stock a conservation rating and eight gave the company’s stock a buy rating. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of $ 148.56.

IFF shares traded down $ 1.14 at midday on Wednesday, reaching $ 142.30. 8,723 shares of the company were traded, for an average volume of 2,732,510. International Flavors & Fragrances has a low of $ 99.54 over 52 weeks and a high of $ 157.08 over 52 weeks. The stock’s 50-day simple moving average is $ 145.47 and its 200-day simple moving average is $ 144.73. The company has a market cap of $ 35.44 billion, a price-to-earnings ratio of 116.64, a price-to-earnings-growth ratio of 2.37, and a beta of 0.96. The company has a quick ratio of 1.19, a current ratio of 1.95, and a debt ratio of 0.52.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 5. Shareholders of record on Friday September 24 received a dividend of $ 0.79 per share. This is a boost from International Flavors & Fragrances’ previous quarterly dividend of $ 0.77. This represents a dividend of $ 3.16 on an annualized basis and a dividend yield of 2.22%. The ex-dividend date was Thursday, September 23. International Flavors & Fragrances’ dividend payout ratio (DPR) is currently 55.44%.

A number of institutional investors have recently increased or reduced their holdings in the stock. Gofen & Glossberg LLC IL strengthened its positions in International Flavors & Fragrances by 11.9% during the third quarter. Gofen & Glossberg LLC IL now owns 139,881 shares of the specialty chemicals company valued at $ 18,705,000 after purchasing an additional 14,836 shares in the last quarter. Robeco Schweiz AG increased its position in International Flavors & Fragrances shares by 32.3% in the third quarter. Robeco Schweiz AG now owns 876,611 shares of the specialty chemicals company valued at $ 117,220,000 after purchasing an additional 214,179 shares during the period. Koshinski Asset Management Inc. purchased a new equity interest in International Flavors & Fragrances in the third quarter valued at approximately $ 83,000. Norman Fields Gottscho Capital Management LLC increased its position in the shares of International Flavors & Fragrances by 5.7% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 23,300 shares of the specialty chemicals company valued at $ 3,116,000 after purchasing an additional 1,265 shares during the period. Finally, Pensionfund DSM Netherlands purchased a new equity stake in International Flavors & Fragrances in the third quarter for a value of approximately $ 776,000. Institutional investors and hedge funds hold 90.85% of the company’s shares.

Company Profile for International Flavors and Fragrances

International Flavors & Fragrances, Inc is engaged in the manufacture and supply of flavors and fragrances used in food, beverages, personal care and household products. It operates through the following segments: Taste and Perfume. The Taste segment is sold to the food and beverage industries for use in consumer products such as prepared foods, beverages, dairy, food, and sweet products.

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