Zacks Research Has Bearish Forecast for IFF FY2024 Earnings

International Flavors & Fragrances Inc. (NYSE:IFF) – Stock analysts at Zacks Research cut their FY2024 earnings per share estimates for International Flavors & Fragrances in a research report issued to clients and investors on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the specialty chemicals company will post earnings per share of $4.06 for the year, down from their previous estimate 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) last announced its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $2.83 billion. During the same period last year, the business earned $0.89 earnings per share. The company’s quarterly revenue was up 3.7% compared to the same quarter last year.

IFF has been the subject of a number of other research reports. JPMorgan Chase & Co. cut their price objective on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Mizuho raised International Flavors & Fragrances from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $109.00 to $120.00 in a research note on Tuesday, September 3rd. UBS Group increased their target price on International Flavors & Fragrances from $108.00 to $111.00 and gave the company a “neutral” rating in a research report on Wednesday, November 6th. Vertical Research upgraded shares of International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $109.00 price target on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company lifted their price objective on shares of International Flavors & Fragrances from $110.00 to $115.00 and gave the stock an “overweight” rating in a research note on Thursday, August 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $109.27.

International Flavors & Fragrances Stock Performance

Shares of NYSE IFF opened at $90.81 on Thursday. The company has a market cap of $23.22 billion, a P/E ratio of -9.99, a P/E/G ratio of 1.57 and a beta of 1.22. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.93 and a current ratio of 2.62. The firm’s fifty day moving average is $99.33 and its two-hundred day moving average is $98.34.

International Flavors & Fragrances Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.76%. The ex-dividend date of this dividend is Friday, December 20th. International Flavors & Fragrances’s dividend payout ratio is currently -17.60%.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances 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 completion of the sale, the insider now directly owns 3,238 shares of the company’s stock, 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. 0.20% of the stock is owned by company insiders.

Institutional Trading of International Flavors & Fragrances

Large investors have recently modified their holdings of the company. O Shaughnessy Asset Management LLC lifted its holdings in shares of International Flavors & Fragrances by 43.7% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 9,298 shares of the specialty chemicals company’s stock worth $800,000 after buying an additional 2,829 shares during the period. Bessemer Group Inc. grew its holdings in International Flavors & Fragrances by 13.0% during the 1st quarter. Bessemer Group Inc. now owns 2,746 shares of the specialty chemicals company’s stock worth $236,000 after acquiring an additional 315 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its position in International Flavors & Fragrances by 9.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 255,849 shares of the specialty chemicals company’s stock valued at $22,002,000 after purchasing an additional 22,398 shares during the period. EntryPoint Capital LLC bought a new stake in shares of International Flavors & Fragrances in the 1st quarter valued at about $56,000. Finally, OLD Mission Capital LLC purchased a new stake in shares of International Flavors & Fragrances in the 1st quarter worth approximately $4,665,000. Hedge funds and other institutional investors own 96.02% of the company’s stock.

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.