These Analysts Revise Their Forecasts On International Flavors & Fragrances After Q1 Results

Benzinga
05-08

International Flavors & Fragrances Inc. (NYSE:IFF) reported better-than-expected earnings for the first quarter, after the closing bell on Tuesday.

The company posted quarterly earnings of $1.20 per share which beat the analyst consensus estimate of $1.14 per share. The company reported quarterly sales of $2.84 billion which beat the analyst consensus estimate of $2.83 billion.

“IFF delivered solid first quarter results, driven by disciplined execution and broad-based growth across most of our business,” said IFF CEO Erik Fyrwald. “Our growth, combined with ongoing productivity initiatives, contributed to a meaningful increase in profitability. We also successfully completed the divestiture of our Pharma Solutions business two months ahead of schedule, a key milestone that supports the achievement of our targeted debt leverage ratio.”

Intl Flavors & Fragrances affirmed FY2025 sales guidance of $10.60 billion to $10.90 billion, versus market estimates of $10.87 billion.

Intl Flavors & Fragrances shares dipped 7.1% to close at $73.59 on Wednesday.

These analysts made changes to their price targets on Intl Flavors & Fragrances following earnings announcement.

  • Barclays analyst Lauren Lieberman upgraded Intl Flavors & Fragrances from Equal-Weight to Overweight and raised the price target from $76 to $84.
  • Baird analyst Ghansham Panjabi maintained the stock with an Outperform rating and lowered the price target from $110 to $100..

Considering buying IFF stock? Here’s what analysts think:

Read This Next:

  • Top 3 Financial Stocks That May Plunge In May

Photo via Shutterstock

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

熱議股票

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10