Q2 2024 EPS Estimates for International Flavors & Fragrances Inc. Decreased by Zacks Research (NYSE:IFF)

International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) - Stock analysts at Zacks Research lowered their Q2 2024 earnings per share estimates for shares of International Flavors & Fragrances in a report released on Wednesday, April 10th. Zacks Research analyst M. Das now anticipates that the specialty chemicals company will earn $0.89 per share for the quarter, down from their previous forecast of $0.91. The consensus estimate for International Flavors & Fragrances' current full-year earnings is $3.69 per share. Zacks Research also issued estimates for International Flavors & Fragrances' FY2024 earnings at $3.51 EPS and Q1 2025 earnings at $1.00 EPS.

A number of other brokerages have also recently weighed in on IFF. Deutsche Bank Aktiengesellschaft boosted their price target on International Flavors & Fragrances from $90.00 to $100.00 and gave the stock a "buy" rating in a research report on Wednesday, March 20th. UBS Group upped their target price on International Flavors & Fragrances from $78.00 to $82.00 and gave the stock a "neutral" rating in a research report on Thursday, January 11th. Jefferies Financial Group raised shares of International Flavors & Fragrances from a "hold" rating to a "buy" rating and lifted their price target for the company from $73.00 to $112.00 in a research report on Friday, January 12th. Mizuho upped their price objective on shares of International Flavors & Fragrances from $83.00 to $91.00 and gave the stock a "neutral" rating in a report on Wednesday, March 20th. Finally, Citigroup upgraded shares of International Flavors & Fragrances from a "neutral" rating to a "buy" rating and raised their target price for the company from $81.00 to $100.00 in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, International Flavors & Fragrances presently has an average rating of "Hold" and a consensus target price of $86.35.

International Flavors & Fragrances Stock Down 3.4 %

Shares of IFF stock traded down $2.96 on Friday, hitting $83.61. The company's stock had a trading volume of 1,523,526 shares, compared to its average volume of 2,249,521. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.67 and a quick ratio of 1.02. The stock has a market capitalization of $21.35 billion, a price-to-earnings ratio of -8.28, a P/E/G ratio of 1.92 and a beta of 1.23. International Flavors & Fragrances has a fifty-two week low of $62.11 and a fifty-two week high of $97.49. The firm's fifty day moving average price is $81.33 and its 200-day moving average price is $76.70.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last released its quarterly earnings data on Tuesday, February 20th. The specialty chemicals company reported $0.72 EPS for the quarter, missing analysts' consensus estimates of $0.75 by ($0.03). The firm had revenue of $2.70 billion during the quarter, compared to analyst estimates of $2.70 billion. International Flavors & Fragrances had a positive return on equity of 5.09% and a negative net margin of 22.36%. The company's quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.97 EPS.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of hedge funds and other institutional investors have recently made changes to their positions in IFF. SVB Wealth LLC boosted its stake in International Flavors & Fragrances by 4.0% in the 1st quarter. SVB Wealth LLC now owns 2,077 shares of the specialty chemicals company's stock valued at $273,000 after buying an additional 79 shares in the last quarter. Covestor Ltd boosted its stake in shares of International Flavors & Fragrances by 48.8% in the 1st quarter. Covestor Ltd now owns 244 shares of the specialty chemicals company's stock valued at $32,000 after purchasing an additional 80 shares in the last quarter. Raymond James Trust N.A. grew its holdings in shares of International Flavors & Fragrances by 2.4% in the 1st quarter. Raymond James Trust N.A. now owns 3,792 shares of the specialty chemicals company's stock worth $498,000 after purchasing an additional 90 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in shares of International Flavors & Fragrances by 0.5% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 24,638 shares of the specialty chemicals company's stock worth $2,583,000 after purchasing an additional 120 shares in the last quarter. Finally, BSW Wealth Partners boosted its position in International Flavors & Fragrances by 3.3% in the first quarter. BSW Wealth Partners now owns 4,226 shares of the specialty chemicals company's stock valued at $389,000 after buying an additional 135 shares in the last quarter. 96.02% of the stock is owned by institutional investors.

International Flavors & Fragrances Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 22nd were paid a $0.40 dividend. The ex-dividend date was Thursday, March 21st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.91%. International Flavors & Fragrances's payout ratio is -15.94%.

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.