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

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International Flavors & Fragrances (NYSE:IFF) reported quarterly earnings of $0.80 per share, missing the consensus estimate by $0.04, though revenue of $2.59 billion surpassed expectations. The company maintains a “Moderate Buy” consensus rating from analysts with an average price target of $86.41, and institutional investors hold approximately 96% of its stock. Despite the earnings miss, IFF shares saw a slight increase to $77.04 during mid-day trading and many analysts have recently reaffirmed or increased their price targets for the stock.

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