International Flavors & Fragrances Inc to Post FY2019 Earnings of $6.18 Per Share, Seaport Global Securities Forecasts (NYSE:IFF)

International Flavors & Fragrances Inc (NYSE:IFF) – Stock analysts at Seaport Global Securities decreased their FY2019 earnings estimates for shares of International Flavors & Fragrances in a research report issued to clients and investors on Tuesday, November 5th, according to Zacks Investment Research. Seaport Global Securities analyst B. Hundley now expects that the specialty chemicals company will post earnings per share of $6.18 for the year, down from their prior estimate of $6.20. Seaport Global Securities also issued estimates for International Flavors & Fragrances’ Q4 2019 earnings at $1.47 EPS and FY2020 earnings at $6.59 EPS.

A number of other research firms also recently commented on IFF. Citigroup upgraded shares of International Flavors & Fragrances from a “neutral” rating to a “buy” rating and increased their price objective for the company from $137.00 to $155.00 in a research note on Friday, November 22nd. Stifel Nicolaus set a $120.00 price objective on shares of International Flavors & Fragrances and gave the company a “hold” rating in a research note on Wednesday, August 7th. UBS Group reduced their price objective on shares of International Flavors & Fragrances from $171.00 to $163.00 and set a “buy” rating on the stock in a research note on Wednesday, October 2nd. Societe Generale began coverage on shares of International Flavors & Fragrances in a research note on Monday, September 9th. They set a “buy” rating and a $140.00 price objective on the stock. Finally, Barclays reiterated a “sell” rating on shares of International Flavors & Fragrances in a research note on Thursday, November 7th. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. International Flavors & Fragrances has an average rating of “Hold” and an average price target of $143.80.

IFF traded down $0.69 during trading hours on Friday, reaching $140.54. 910,071 shares of the stock traded hands, compared to its average volume of 1,008,174. International Flavors & Fragrances has a fifty-two week low of $104.86 and a fifty-two week high of $152.95. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.05 and a quick ratio of 1.25. The company has a market cap of $15.08 billion, a price-to-earnings ratio of 22.38 and a beta of 0.88. The firm’s fifty day simple moving average is $127.64 and its two-hundred day simple moving average is $130.79.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, November 4th. The specialty chemicals company reported $1.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.54 by ($0.01). The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.29 billion. International Flavors & Fragrances had a net margin of 7.59% and a return on equity of 10.39%. International Flavors & Fragrances’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same period in the previous year, the business posted $1.64 earnings per share.

Several institutional investors have recently bought and sold shares of the company. Penserra Capital Management LLC lifted its position in shares of International Flavors & Fragrances by 96.4% in the 3rd quarter. Penserra Capital Management LLC now owns 216 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 106 shares during the last quarter. Willis Investment Counsel lifted its position in International Flavors & Fragrances by 1.1% in the 3rd quarter. Willis Investment Counsel now owns 48,428 shares of the specialty chemicals company’s stock valued at $5,942,000 after purchasing an additional 550 shares during the last quarter. California State Teachers Retirement System lifted its position in International Flavors & Fragrances by 0.3% in the 3rd quarter. California State Teachers Retirement System now owns 183,481 shares of the specialty chemicals company’s stock valued at $22,511,000 after purchasing an additional 475 shares during the last quarter. Phoenix Holdings Ltd. bought a new stake in International Flavors & Fragrances in the 3rd quarter valued at about $10,271,000. Finally, Covington Capital Management lifted its position in International Flavors & Fragrances by 5.1% in the 3rd quarter. Covington Capital Management now owns 40,789 shares of the specialty chemicals company’s stock valued at $5,004,000 after purchasing an additional 1,989 shares during the last quarter. Institutional investors own 94.24% of the company’s stock.

In other news, insider Nicolas Mirzayantz sold 924 shares of the firm’s stock in a transaction dated Monday, November 18th. The shares were sold at an average price of $133.26, for a total value of $123,132.24. Following the transaction, the insider now directly owns 32,612 shares in the company, valued at approximately $4,345,875.12. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Over the last 90 days, insiders sold 2,781 shares of company stock worth $350,815. Insiders own 0.39% of the company’s stock.

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.

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

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