International Flavors & Fragrances (NYSE:IFF) Issues Quarterly Earnings Results

International Flavors & Fragrances (NYSE:IFF) issued its quarterly earnings results on Wednesday. The specialty chemicals company reported $0.80 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.04), FiscalAI reports. International Flavors & Fragrances had a positive return on equity of 8.03% and a negative net margin of 3.72%.The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.52 billion.

International Flavors & Fragrances Stock Up 0.4%

Shares of NYSE:IFF traded up $0.28 during trading on Wednesday, reaching $77.04. 2,304,763 shares of the stock were exchanged, compared to its average volume of 1,680,958. International Flavors & Fragrances has a 1-year low of $59.14 and a 1-year high of $86.96. The stock has a fifty day moving average of $68.86 and a two-hundred day moving average of $66.46. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.44 and a quick ratio of 0.87. The firm has a market cap of $19.73 billion, a price-to-earnings ratio of -47.56, a price-to-earnings-growth ratio of 2.84 and a beta of 1.05.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in International Flavors & Fragrances by 209.2% during the 4th quarter. Parallel Advisors LLC now owns 3,664 shares of the specialty chemicals company’s stock worth $247,000 after purchasing an additional 2,479 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new position in shares of International Flavors & Fragrances during the third quarter valued at approximately $226,000. Brevan Howard Capital Management LP bought a new stake in International Flavors & Fragrances during the second quarter worth $226,000. PharVision Advisers LLC purchased a new stake in International Flavors & Fragrances in the 3rd quarter valued at $222,000. Finally, Voleon Capital Management LP purchased a new position in International Flavors & Fragrances during the 3rd quarter worth $211,000. Institutional investors and hedge funds own 96.02% of the company’s stock.

Wall Street Analysts Forecast Growth

IFF has been the topic of several recent analyst reports. Berenberg Bank dropped their target price on shares of International Flavors & Fragrances from $78.30 to $77.50 and set a “hold” rating on the stock in a report on Thursday, February 5th. Argus boosted their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the company a “buy” rating in a research note on Thursday, January 22nd. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a research note on Sunday, January 4th. Citigroup lifted their target price on International Flavors & Fragrances from $77.00 to $83.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Finally, BNP Paribas Exane cut their price target on International Flavors & Fragrances from $91.00 to $89.00 and set an “outperform” rating on the stock in a report on Tuesday, January 13th. Twelve research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $86.41.

About International Flavors & Fragrances

International Flavors & Fragrances Inc (NYSE:IFF) is a global leader in the creation and production of flavors, fragrances, cosmetic actives and nutritional lipids. The company develops taste and scent solutions for a wide array of end markets including food and beverage, personal care, household goods and pharmaceutical products. Its portfolio spans natural and nature-identical flavors, fine fragrances, functional ingredients for skin and hair care, and specialty oils that enhance nutritional value and sensory appeal.

IFF’s research and development network comprises innovation centers in North America, Europe, Asia-Pacific and Latin America, where multidisciplinary teams collaborate on aroma chemistry, sensory science and biotechnology.