Equities Analysts Issue Forecasts for IFF FY2027 Earnings

Key Points

• Zacks Research raised its FY2027 earnings estimate for IFF to $3.72 per share from $3.71 and maintained a “Hold” rating. It also forecasts FY2028 earnings of $4.32 per share.
• IFF’s latest quarterly results missed expectations, with earnings of $0.82 per share versus the $1.07 consensus and revenue of $1.95 billion versus $2.62 billion expected.
• The company authorized a $2.5 billion stock buyback, covering up to 12.1% of outstanding shares, and declared a quarterly dividend of $0.40 per share, equivalent to a 1.9% annual yield.

International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) - Equities researchers at Zacks Research raised their FY2027 earnings estimates for International Flavors & Fragrances in a report issued on Tuesday, September 22nd. Zacks Research analyst Team now forecasts that the specialty chemicals company will earn $3.72 per share for the year, up from their previous estimate of $3.71. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for International Flavors & Fragrances' current full-year earnings is $3.08 per share. Zacks Research also issued estimates for International Flavors & Fragrances' Q4 2027 earnings at $0.92 EPS, Q2 2028 earnings at $1.12 EPS and FY2028 earnings at $4.32 EPS.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The specialty chemicals company reported $0.82 earnings per share for the quarter, missing the consensus estimate of $1.07 by ($0.25). The firm had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $2.62 billion. International Flavors & Fragrances had a return on equity of 7.11% and a net margin of 2.78%.The business's revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.15 earnings per share.

IFF has been the subject of several other research reports. KeyCorp assumed coverage on International Flavors & Fragrances in a research note on Thursday, September 10th. They issued a "sector weight" rating for the company. Citigroup decreased their target price on shares of International Flavors & Fragrances from $96.00 to $88.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. UBS Group boosted their price target on shares of International Flavors & Fragrances from $84.00 to $91.00 and gave the stock a "neutral" rating in a research report on Thursday, August 6th. Barclays increased their price objective on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Weiss Ratings lowered shares of International Flavors & Fragrances from a "hold (c)" rating to a "hold (c-)" rating in a report on Monday, August 17th. Twelve analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $91.40.

International Flavors & Fragrances Price Performance

Shares of NYSE:IFF opened at $85.67 on Thursday. The firm has a market cap of $21.86 billion, a PE ratio of 78.60, a price-to-earnings-growth ratio of 3.34 and a beta of 0.94. International Flavors & Fragrances has a 52 week low of $59.14 and a 52 week high of $89.32. The firm's fifty day moving average is $83.05 and its 200-day moving average is $77.38. The company has a debt-to-equity ratio of 0.34, a quick ratio of 1.72 and a current ratio of 2.06.

International Flavors & Fragrances announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 4th that authorizes the company to buyback $2.50 billion in shares. This buyback authorization authorizes the specialty chemicals company to reacquire up to 12.1% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

International Flavors & Fragrances Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 9th. Stockholders of record on Friday, September 18th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 18th. International Flavors & Fragrances's dividend payout ratio is 146.79%.

Insider Transactions at International Flavors & Fragrances

In other news, CAO Marc Birenkrant sold 1,000 shares of the firm's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $85.00, for a total value of $85,000.00. Following the completion of the sale, the chief accounting officer directly owned 3,446 shares in the company, valued at $292,910. This trade represents a 22.49% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider De Mendonca Ana Paula Teles sold 5,718 shares of the company's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $83.19, for a total value of $475,680.42. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 15,543 shares of company stock valued at $1,315,659 in the last 90 days. 1.07% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Root Financial Partners LLC lifted its position in International Flavors & Fragrances by 97.9% in the 1st quarter. Root Financial Partners LLC now owns 554 shares of the specialty chemicals company's stock valued at $40,000 after acquiring an additional 274 shares in the last quarter. Parkside Financial Bank & Trust increased its holdings in International Flavors & Fragrances by 27.9% during the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company's stock worth $56,000 after purchasing an additional 154 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of International Flavors & Fragrances in the second quarter worth approximately $91,000. IFP Advisors Inc lifted its holdings in shares of International Flavors & Fragrances by 575.8% in the fourth quarter. IFP Advisors Inc now owns 1,622 shares of the specialty chemicals company's stock valued at $109,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new position in shares of International Flavors & Fragrances during the second quarter valued at approximately $148,000. 96.02% of the stock is currently owned by institutional investors and hedge funds.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc NYSE: IFF develops and manufactures ingredients, flavor systems, fragrances and related solutions used in consumer and industrial products. Its offerings help customers create or enhance the taste, aroma, texture, appearance and performance of products across the food, beverage, personal care, home care, health and pharmaceutical markets.

IFF's business includes natural and synthetic flavor compounds, fragrance ingredients and compositions, cosmetic and personal-care ingredients, specialty food ingredients, enzymes, cultures, probiotics and other bioscience-based solutions.

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