International Flavors & Fragrances (NYSE:IFF) Posts Quarterly Earnings Results, Misses Expectations By $0.04 EPS

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

International Flavors & Fragrances Trading Up 0.4%

IFF stock traded up $0.28 during trading on Wednesday, hitting $77.04. The company had a trading volume of 2,304,561 shares, compared to its average volume of 1,680,958. The firm has a 50-day moving average price of $68.86 and a 200-day moving average price of $66.46. International Flavors & Fragrances has a 12 month low of $59.14 and a 12 month high of $86.96. The company has a quick ratio of 0.87, a current ratio of 1.44 and a debt-to-equity ratio of 0.33. The stock has a market cap of $19.73 billion, a price-to-earnings ratio of -47.56, a PEG ratio of 2.84 and a beta of 1.05.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Wall Street Zen raised International Flavors & Fragrances from a “sell” rating to a “hold” rating in a report on Sunday, January 4th. UBS Group boosted their price target on International Flavors & Fragrances from $68.00 to $71.00 and gave the company a “neutral” rating in a research note on Monday, January 12th. Argus increased their price objective on International Flavors & Fragrances from $70.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday, January 22nd. Bank of America lifted their price objective on International Flavors & Fragrances from $84.00 to $88.00 and gave the company a “buy” rating in a report on Thursday, January 8th. Finally, BNP Paribas Exane lowered their target price on shares of 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 analysts have rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, International Flavors & Fragrances currently has a consensus rating of “Moderate Buy” and an average price target of $86.41.

Institutional Investors Weigh In On International Flavors & Fragrances

A number of institutional investors and hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of International Flavors & Fragrances by 5.3% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,315 shares of the specialty chemicals company’s stock valued at $2,042,000 after acquiring an additional 1,335 shares during the period. Jones Financial Companies Lllp raised its holdings in International Flavors & Fragrances by 15.7% during the 1st quarter. Jones Financial Companies Lllp now owns 3,976 shares of the specialty chemicals company’s stock worth $309,000 after purchasing an additional 539 shares during the last quarter. Empowered Funds LLC raised its holdings in International Flavors & Fragrances by 71.5% during the 1st quarter. Empowered Funds LLC now owns 10,454 shares of the specialty chemicals company’s stock worth $811,000 after purchasing an additional 4,358 shares during the last quarter. Focus Partners Wealth lifted its position in International Flavors & Fragrances by 25.5% during the 1st quarter. Focus Partners Wealth now owns 7,527 shares of the specialty chemicals company’s stock valued at $584,000 after purchasing an additional 1,530 shares during the period. Finally, Geneos Wealth Management Inc. boosted its stake in shares of International Flavors & Fragrances by 55.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 587 shares of the specialty chemicals company’s stock valued at $46,000 after purchasing an additional 210 shares during the last quarter. Institutional investors own 96.02% of the company’s stock.

International Flavors & Fragrances Company Profile

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.