Zacks Research Issues Pessimistic Estimate for IFF Earnings

Key Points

• Zacks Research has revised its FY2026 earnings estimate for International Flavors & Fragrances (IFF) to $4.26 per share, down slightly from its previous prediction of $4.27.
• The company recently reported earnings of $1.15 per share for the last quarter, exceeding analysts' expectations, despite a year-over-year revenue decline of 4.3%.
• IFF's CEO, J. Erik Fyrwald, recently purchased 15,300 shares of the company's stock, reflecting a significant increase in his ownership percentage.

International Flavors & Fragrances Inc. (NYSE:IFF - Free Report) - Equities researchers at Zacks Research lowered their FY2026 earnings estimates for shares of International Flavors & Fragrances in a research note issued to investors on Tuesday, September 9th. Zacks Research analyst Team now anticipates that the specialty chemicals company will post earnings per share of $4.26 for the year, down from their previous forecast of $4.27. The consensus estimate for International Flavors & Fragrances' current full-year earnings is $4.32 per share.

International Flavors & Fragrances (NYSE:IFF - Get Free Report) last posted its earnings results on Tuesday, August 5th. The specialty chemicals company reported $1.15 EPS for the quarter, topping the consensus estimate of $1.11 by $0.04. International Flavors & Fragrances had a negative net margin of 3.48% and a positive return on equity of 7.95%. The firm had revenue of $2.76 billion for the quarter, compared to analysts' expectations of $2.69 billion. During the same quarter last year, the firm earned $1.16 EPS. The company's quarterly revenue was down 4.3% compared to the same quarter last year. International Flavors & Fragrances has set its FY 2025 guidance at EPS.

Several other research firms have also recently commented on IFF. Tigress Financial reissued a "buy" rating and set a $105.00 target price on shares of International Flavors & Fragrances in a research report on Tuesday, August 26th. Oppenheimer cut shares of International Flavors & Fragrances from an "outperform" rating to a "market perform" rating in a report on Thursday, August 7th. UBS Group lowered their price target on shares of International Flavors & Fragrances from $83.00 to $79.00 and set a "neutral" rating on the stock in a report on Wednesday, August 6th. Barclays lowered their price target on shares of International Flavors & Fragrances from $84.00 to $78.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Wolfe Research raised shares of International Flavors & Fragrances from an "underperform" rating to a "peer perform" rating in a report on Monday, September 8th. Twelve investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $92.36.

International Flavors & Fragrances Stock Performance

Shares of International Flavors & Fragrances stock traded up $0.13 during mid-day trading on Thursday, hitting $64.50. 633,350 shares of the stock were exchanged, compared to its average volume of 1,818,602. International Flavors & Fragrances has a 12 month low of $62.33 and a 12 month high of $106.77. The company has a 50-day simple moving average of $69.50 and a 200 day simple moving average of $73.94. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.12 and a current ratio of 1.86. The company has a market capitalization of $16.53 billion, a P/E ratio of -41.61, a P/E/G ratio of 2.84 and a beta of 1.07.

Hedge Funds Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in IFF. Dodge & Cox grew its holdings in shares of International Flavors & Fragrances by 3.8% during the second quarter. Dodge & Cox now owns 35,047,387 shares of the specialty chemicals company's stock valued at $2,577,735,000 after buying an additional 1,272,780 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of International Flavors & Fragrances by 1.6% during the second quarter. Vanguard Group Inc. now owns 30,880,203 shares of the specialty chemicals company's stock valued at $2,271,239,000 after buying an additional 490,163 shares during the last quarter. State Street Corp grew its holdings in shares of International Flavors & Fragrances by 3.6% during the second quarter. State Street Corp now owns 10,884,974 shares of the specialty chemicals company's stock valued at $804,753,000 after buying an additional 381,593 shares during the last quarter. Geode Capital Management LLC boosted its holdings in International Flavors & Fragrances by 1.9% in the second quarter. Geode Capital Management LLC now owns 6,459,129 shares of the specialty chemicals company's stock worth $473,036,000 after purchasing an additional 123,520 shares during the last quarter. Finally, First Eagle Investment Management LLC boosted its holdings in International Flavors & Fragrances by 122.1% in the second quarter. First Eagle Investment Management LLC now owns 5,441,094 shares of the specialty chemicals company's stock worth $400,192,000 after purchasing an additional 2,991,405 shares during the last quarter. Institutional investors own 96.02% of the company's stock.

Insider Transactions at International Flavors & Fragrances

In related news, CEO J Erik Fyrwald purchased 15,300 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $64.95 per share, with a total value of $993,735.00. Following the completion of the purchase, the chief executive officer directly owned 77,370 shares in the company, valued at approximately $5,025,181.50. This represents a 24.65% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Paul J. Fribourg purchased 15,450 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was bought at an average cost of $64.80 per share, with a total value of $1,001,160.00. Following the completion of the purchase, the director owned 15,450 shares of the company's stock, valued at $1,001,160. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. 0.20% of the stock is owned by corporate insiders.

International Flavors & Fragrances Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 10th. Investors of record on Monday, September 29th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend is Monday, September 29th. International Flavors & Fragrances's dividend payout ratio is presently -103.23%.

About International Flavors & Fragrances

International Flavors & Fragrances, Inc engages in the manufacture and supply of flavors and fragrances used in the food, beverage, personal care, and household products industries. It operates through the following segments: Nourish, Health & Biosciences, Scent and Pharma Solutions. The Nourish segment consists of legacy Taste segment combined with N&B's Food & Beverage division and the food protection business of N&B's Health & Biosciences division.