Zacks Research Has Bearish Forecast for IFF FY2024 Earnings

International Flavors & Fragrances Inc. (NYSE:IFF) – Analysts at Zacks Research lowered their FY2024 earnings per share (EPS) estimates for shares of International Flavors & Fragrances in a note issued to investors on Tuesday, November 19th. Zacks Research analyst R. Department now anticipates that the specialty chemicals company will earn $4.06 per share 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 posted its quarterly earnings data on Tuesday, November 5th. The specialty chemicals company reported $0.62 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $2.93 billion during the quarter, compared to analyst estimates of $2.83 billion. During the same period in the prior year, the company posted $0.89 earnings per share. The firm’s revenue for the quarter was up 3.7% compared to the same quarter last year.

IFF has been the subject of a number of other reports. Oppenheimer increased their price target on International Flavors & Fragrances from $116.00 to $117.00 and gave the stock an “outperform” rating in a report on Wednesday, September 11th. UBS Group increased their price target on International Flavors & Fragrances from $108.00 to $111.00 and gave the stock a “neutral” rating in a report on Wednesday, November 6th. Stifel Nicolaus increased their price target on International Flavors & Fragrances from $115.00 to $121.00 and gave the stock a “buy” rating in a report on Thursday, October 24th. Barclays increased their price target on International Flavors & Fragrances from $93.00 to $99.00 and gave the stock an “equal weight” rating in a report on Friday, October 11th. Finally, JPMorgan Chase & Co. lowered their target price on International Flavors & Fragrances from $110.00 to $107.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. One 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, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $109.27.

International Flavors & Fragrances Stock Up 1.2 %

Shares of IFF opened at $89.92 on Thursday. International Flavors & Fragrances has a 52-week low of $72.94 and a 52-week high of $106.77. The company has a market capitalization of $22.99 billion, a PE ratio of -9.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.22. The stock has a fifty day simple moving average of $99.58 and a two-hundred day simple moving average of $98.32. The company has a quick ratio of 1.93, a current ratio of 2.62 and a debt-to-equity ratio of 0.58.

Institutional Trading of International Flavors & Fragrances

A number of institutional investors have recently bought and sold shares of the company. State Street Corp boosted its position in International Flavors & Fragrances by 1.9% during the third quarter. State Street Corp now owns 10,467,517 shares of the specialty chemicals company’s stock worth $1,102,363,000 after purchasing an additional 196,696 shares in the last quarter. Geode Capital Management LLC boosted its position in International Flavors & Fragrances by 1.3% during the third quarter. Geode Capital Management LLC now owns 6,008,830 shares of the specialty chemicals company’s stock worth $628,341,000 after purchasing an additional 77,521 shares in the last quarter. First Pacific Advisors LP boosted its position in International Flavors & Fragrances by 2.0% during the second quarter. First Pacific Advisors LP now owns 4,011,307 shares of the specialty chemicals company’s stock worth $381,917,000 after purchasing an additional 80,558 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in International Flavors & Fragrances by 9.4% during the first quarter. Price T Rowe Associates Inc. MD now owns 1,895,581 shares of the specialty chemicals company’s stock worth $163,003,000 after purchasing an additional 162,179 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in International Flavors & Fragrances by 7.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,756,438 shares of the specialty chemicals company’s stock worth $167,244,000 after purchasing an additional 123,693 shares in the last quarter. 96.02% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at International Flavors & Fragrances

In related news, insider Yuvraj Arora sold 5,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Monday, November 11th. The stock was 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.20% of the company’s stock.

International Flavors & Fragrances Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be paid a $0.40 dividend. The ex-dividend date is Friday, December 20th. This represents a $1.60 annualized dividend and a dividend yield of 1.78%. International Flavors & Fragrances’s dividend payout ratio (DPR) is currently -17.60%.

About International Flavors & Fragrances

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.