What is KeyCorp's Estimate for IFF FY2027 Earnings?

Key Points

• KeyCorp estimates IFF will earn $4.05 per share in FY2027, rising to $4.45 in FY2028, compared with the current-year consensus estimate of $3.08. KeyCorp maintains a “Hold” rating.
• IFF reported quarterly EPS of $0.82, missing the $1.07 consensus estimate, while revenue of $1.95 billion also fell short of the $2.62 billion forecast. Revenue nevertheless increased 1.8% year over year.
• IFF announced a $2.50 billion share-repurchase authorization and a quarterly dividend of $0.40 per share, equivalent to a 1.9% yield. Analysts collectively rate the stock “Moderate Buy,” with a consensus price target of $91.40.

International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) - Analysts at KeyCorp issued their FY2027 earnings estimates for International Flavors & Fragrances in a note issued to investors on Thursday, September 10th. KeyCorp analyst S. Tiano expects that the specialty chemicals company will post earnings of $4.05 per share for the year. KeyCorp currently has a "Hold" rating on the stock. The consensus estimate for International Flavors & Fragrances' current full-year earnings is $3.08 per share. KeyCorp also issued estimates for International Flavors & Fragrances' FY2028 earnings at $4.45 EPS.

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

Other equities analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft lowered their price objective on International Flavors & Fragrances from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Monday, June 1st. Barclays lifted their price target on shares of International Flavors & Fragrances from $90.00 to $96.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Zacks Research downgraded shares of International Flavors & Fragrances from a "hold" rating to a "strong sell" rating in a research report on Thursday, August 6th. Vertical Research lowered shares of International Flavors & Fragrances from a "buy" rating to a "hold" rating and set a $93.00 price objective on the stock. in a report on Thursday, August 6th. Finally, Argus lifted their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, June 30th. Twelve research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $91.40.

International Flavors & Fragrances Price Performance

IFF stock opened at $84.03 on Friday. The business's 50-day moving average is $82.05 and its two-hundred day moving average is $77.11. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.06 and a quick ratio of 1.72. The firm has a market capitalization of $21.44 billion, a P/E ratio of 77.09, a P/E/G ratio of 3.28 and a beta of 0.94. International Flavors & Fragrances has a 1 year low of $59.14 and a 1 year high of $89.32.

International Flavors & Fragrances Dividend Announcement

The company also recently announced 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. The ex-dividend date is Friday, September 18th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.9%. International Flavors & Fragrances's payout ratio is 146.79%.

International Flavors & Fragrances announced that its board has initiated a stock repurchase program on Tuesday, August 4th that authorizes the company to buyback $2.50 billion in outstanding 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 typically an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other International Flavors & Fragrances news, CAO Marc Birenkrant sold 1,000 shares of International Flavors & Fragrances stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $85.00, for a total transaction of $85,000.00. Following the transaction, the chief accounting officer owned 3,446 shares of the company's stock, valued at $292,910. The trade was a 22.49% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider De Mendonca Ana Paula Teles sold 5,718 shares of the business's stock in a transaction that occurred on Monday, August 17th. The shares were 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. In the last three months, insiders sold 15,543 shares of company stock valued at $1,315,659. Insiders own 1.07% of the company's stock.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors have recently modified their holdings of IFF. Studio Investment Management LLC boosted its position in International Flavors & Fragrances by 3.7% during the second quarter. Studio Investment Management LLC now owns 3,916 shares of the specialty chemicals company's stock worth $312,000 after purchasing an additional 138 shares during the period. DNB Asset Management AS lifted its stake in shares of International Flavors & Fragrances by 0.3% during the 4th quarter. DNB Asset Management AS now owns 53,741 shares of the specialty chemicals company's stock valued at $3,622,000 after buying an additional 139 shares in the last quarter. MML Investors Services LLC boosted its holdings in International Flavors & Fragrances by 0.8% in the 4th quarter. MML Investors Services LLC now owns 17,249 shares of the specialty chemicals company's stock worth $1,162,000 after buying an additional 140 shares during the period. Parkside Financial Bank & Trust grew its stake in International Flavors & Fragrances by 27.9% in the 2nd quarter. Parkside Financial Bank & Trust now owns 706 shares of the specialty chemicals company's stock valued at $56,000 after buying an additional 154 shares in the last quarter. Finally, Waverly Advisors LLC grew its stake in International Flavors & Fragrances by 4.2% in the 2nd quarter. Waverly Advisors LLC now owns 3,850 shares of the specialty chemicals company's stock valued at $305,000 after buying an additional 156 shares in the last quarter. 96.02% of the stock is owned by institutional investors and hedge funds.

About International Flavors & Fragrances

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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