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Symrise AG to Post FY2023 Earnings of $0.94 Per Share, Jefferies Financial Group Forecasts (OTCMKTS:SYIEY)

Defense World ·  Jan 26, 2023 02:36

Symrise AG (OTCMKTS:SYIEY – Get Rating) – Research analysts at Jefferies Financial Group reduced their FY2023 EPS estimates for shares of Symrise in a report issued on Sunday, January 22nd. Jefferies Financial Group analyst C. Counihan now forecasts that the company will post earnings of $0.94 per share for the year, down from their previous estimate of $0.99. The consensus estimate for Symrise's current full-year earnings is $0.89 per share. Jefferies Financial Group also issued estimates for Symrise's FY2024 earnings at $1.13 EPS.

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Other equities research analysts have also issued research reports about the stock. JPMorgan Chase & Co. upped their target price on shares of Symrise from €107.00 ($116.30) to €110.00 ($119.57) in a report on Monday, December 5th. Berenberg Bank raised shares of Symrise from a "hold" rating to a "buy" rating in a research report on Thursday, January 19th. Finally, The Goldman Sachs Group cut shares of Symrise from a "buy" rating to a "neutral" rating in a research report on Sunday, November 27th.

Symrise Stock Performance

Symrise stock opened at $26.83 on Wednesday. Symrise has a 52-week low of $22.20 and a 52-week high of $31.37. The company has a fifty day simple moving average of $27.86 and a 200-day simple moving average of $26.80. The company has a quick ratio of 1.53, a current ratio of 2.59 and a debt-to-equity ratio of 0.65.

About Symrise

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Symrise AG is a global supplier of fragrances, flavorings, cosmetic active ingredients and raw materials, as well as functional ingredients. It operates through the following three segments: Scent & Care, Flavor and Nutrition. The Scent and Care segment develops, produces and sells fragrances, cosmetic ingredients, aroma molecules and mint aromas.

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