FY2023 EPS Estimates for Symrise AG (OTCMKTS:SYIEY) Reduced by Jefferies Financial Group

Symrise AG (OTCMKTS:SYIEY – Get Rating) – Jefferies Financial Group reduced their FY2023 EPS estimates for Symrise in a research note issued on Sunday, January 22nd. Jefferies Financial Group analyst C. Counihan now forecasts that the company will post earnings per share of $0.94 for the year, down from their prior 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.

Several other equities research analysts also recently weighed in on SYIEY. JPMorgan Chase & Co. increased their price target on 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 note on Thursday, January 19th. Finally, The Goldman Sachs Group downgraded shares of Symrise from a “buy” rating to a “neutral” rating in a research note on Sunday, November 27th.

Symrise Price Performance

OTCMKTS SYIEY opened at $26.67 on Wednesday. The company has a quick ratio of 1.53, a current ratio of 2.59 and a debt-to-equity ratio of 0.65. Symrise has a 52 week low of $22.20 and a 52 week high of $31.37. The company has a fifty day moving average of $27.89 and a two-hundred day moving average of $26.80.

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.