Stocks: Gabelli Analysts Lower Earnings Estimates for International Flavors & Fragrances Inc (IFF)

Stocks: Gabelli Analysts Lower Earnings Estimates for International Flavors & Fragrances Inc (IFF)

International Flavors & Fragrances Inc (NYSE:IFF) – Equities researchers at Gabelli reduced their FY2017 earnings estimates for shares of International Flavors & Fragrances in a research report issued on Wednesday. Gabelli analyst S. Donnelly now forecasts that the specialty chemicals company will post earnings of $5.70 per share for the year, down from their previous estimate of $5.85. Gabelli also issued estimates for International Flavors & Fragrances’ FY2018 earnings at $6.20 EPS, FY2019 earnings at $6.75 EPS, FY2020 earnings at $7.45 EPS and FY2021 earnings at $8.10 EPS.

Several other research firms also recently commented on IFF. Zacks Investment Research raised International Flavors & Fragrances from a “hold” rating to a “buy” rating and set a $155.00 price objective for the company in a research note on Monday, May 1st. Vertical Group downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday. Vertical Research downgraded International Flavors & Fragrances from a “buy” rating to a “hold” rating in a research note on Tuesday. Stifel Nicolaus upped their price objective on International Flavors & Fragrances from $123.00 to $127.00 and gave the company a “hold” rating in a research note on Monday, March 27th. Finally, Barclays PLC reaffirmed a “sell” rating on shares of International Flavors & Fragrances in a research note on Friday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $139.08.

International Flavors & Fragrances (NYSE:IFF) traded down 0.18% during midday trading on Thursday, reaching $130.62. The company’s stock had a trading volume of 183,016 shares. International Flavors & Fragrances has a 1-year low of $113.16 and a 1-year high of $143.64. The firm has a market capitalization of $10.32 billion, a PE ratio of 25.98 and a beta of 1.04. The stock’s 50-day moving average price is $134.72 and its 200 day moving average price is $125.26.

International Flavors & Fragrances (NYSE:IFF) last released its quarterly earnings results on Monday, May 8th. The specialty chemicals company reported $1.52 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.01. International Flavors & Fragrances had a return on equity of 25.92% and a net margin of 12.92%. The company had revenue of $828.30 million during the quarter, compared to analysts’ expectations of $833.73 million. During the same period last year, the business posted $1.45 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year.

A number of institutional investors have recently added to or reduced their stakes in the company. Municipal Employees Retirement System of Michigan boosted its position in International Flavors & Fragrances by 0.4% in the third quarter. Municipal Employees Retirement System of Michigan now owns 2,520 shares of the specialty chemicals company’s stock valued at $360,000 after buying an additional 10 shares during the last quarter. Cleararc Capital Inc. boosted its position in International Flavors & Fragrances by 0.6% in the first quarter. Cleararc Capital Inc. now owns 1,950 shares of the specialty chemicals company’s stock valued at $258,000 after buying an additional 11 shares during the last quarter. Mastrapasqua Asset Management Inc. boosted its position in International Flavors & Fragrances by 0.3% in the third quarter. Mastrapasqua Asset Management Inc. now owns 8,170 shares of the specialty chemicals company’s stock valued at $1,168,000 after buying an additional 25 shares during the last quarter. Albert D Mason Inc. boosted its position in International Flavors & Fragrances by 0.4% in the first quarter. Albert D Mason Inc. now owns 8,135 shares of the specialty chemicals company’s stock valued at $1,078,000 after buying an additional 30 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in International Flavors & Fragrances by 3.1% in the first quarter. Pacer Advisors Inc. now owns 1,466 shares of the specialty chemicals company’s stock valued at $194,000 after buying an additional 44 shares during the last quarter. Institutional investors own 77.76% of the company’s stock.

In other International Flavors & Fragrances news, Director Henry W. Howell, Jr. sold 775 shares of the business’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $121.54, for a total transaction of $94,193.50. Following the transaction, the director now owns 1,198 shares in the company, valued at approximately $145,604.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Winder Investment Pte Ltd bought 23,728 shares of the company’s stock in a transaction on Thursday, April 27th. The shares were acquired at an average price of $139.65 per share, for a total transaction of $3,313,615.20. Following the transaction, the insider now directly owns 8,885,561 shares in the company, valued at approximately $1,240,868,593.65. The disclosure for this purchase can be found here. In the last quarter, insiders have acquired 1,094,163 shares of company stock worth $142,627,337 and have sold 6,221 shares worth $794,458. Insiders own 0.55% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 7th. Shareholders of record on Monday, June 26th will be given a dividend of $0.64 per share. This represents a $2.56 annualized dividend and a yield of 1.96%. The ex-dividend date of this dividend is Thursday, June 22nd. International Flavors & Fragrances’s payout ratio is 51.82%.

International Flavors & Fragrances Company Profile

International Flavors & Fragrances Inc creates, manufactures and supplies flavors and fragrances (including cosmetic active ingredients) used to impart or improve flavor or fragrance in a range of consumer products. The Company operates in two segments: Flavors and Fragrances. The Flavors segment offers flavor compounds that are sold to the food and beverage industries for use in consumer products, such as prepared foods, beverages, dairy, food and sweet products.

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