Zacks Research Issues Optimistic Forecast for IFF Earnings

International Flavors & Fragrances Inc. (NYSE:IFF) – Stock analysts at Zacks Research lifted their FY2027 earnings estimates for International Flavors & Fragrances in a note issued to investors on Tuesday, September 22nd. Zacks Research analyst Team now expects that the specialty chemicals company will post earnings of $3.72 per share for the year, up from their prior forecast of $3.71. Zacks Research 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.

Several other equities analysts also recently weighed in on IFF. Barclays lifted their target price 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. Argus raised their price objective on shares of International Flavors & Fragrances from $80.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, June 30th. Wall Street Zen upgraded shares of International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Saturday, September 19th. Weiss Ratings cut shares of International Flavors & Fragrances from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, August 17th. Finally, KeyCorp started coverage on International Flavors & Fragrances in a research report on Thursday, September 10th. They set a “sector weight” rating on the stock. Twelve investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, International Flavors & Fragrances presently has an average rating of “Moderate Buy” and an average price target of $91.40.

International Flavors & Fragrances Price Performance

NYSE IFF opened at $85.67 on Thursday. The company has a quick ratio of 1.72, a current ratio of 2.06 and a debt-to-equity ratio of 0.34. The company 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 50-day simple moving average is $83.05 and its two-hundred day simple moving average is $77.38.

International Flavors & Fragrances (NYSE:IFF) last issued its earnings results 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 firm had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the firm earned $1.15 earnings per share. The business’s quarterly revenue was up 1.8% compared to the same quarter last year.

International Flavors & Fragrances Announces Dividend

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

International Flavors & Fragrances declared that its Board of Directors has approved a share repurchase plan on Tuesday, August 4th that allows the company to buyback $2.50 billion in outstanding shares. This buyback authorization allows the specialty chemicals company to purchase up to 12.1% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Activity at International Flavors & Fragrances

In other International Flavors & Fragrances news, EVP Michael Deveau sold 8,825 shares of International Flavors & Fragrances stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $85.55, for a total transaction of $754,978.75. Following the completion of the sale, the executive vice president directly owned 5,199 shares in the company, valued at $444,774.45. The trade was a 62.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Marc Birenkrant sold 1,000 shares of the business’s 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 completion of the transaction, the chief accounting officer directly owned 3,446 shares of the company’s stock, valued at approximately $292,910. This represents a 22.49% decrease in their position. 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 over the last three months. 1.07% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of International Flavors & Fragrances in the 2nd quarter worth about $1,835,955,000. Eurizon Capital SGR S.p.A. purchased a new position in shares of International Flavors & Fragrances during the 4th quarter valued at about $211,703,000. Nykredit A S bought a new stake in International Flavors & Fragrances in the 2nd quarter worth approximately $223,065,000. Norges Bank bought a new stake in International Flavors & Fragrances in the 4th quarter worth approximately $113,284,000. Finally, Bank of America Corp DE purchased a new stake in International Flavors & Fragrances in the second quarter worth approximately $131,760,000. Institutional investors own 96.02% of the company’s stock.

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.