Equities analysts expect Inter Parfums, Inc. (NASDAQ:IPAR) to post earnings of $0.37 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Inter Parfums’ earnings. The highest EPS estimate is $0.41 and the lowest is $0.35. Inter Parfums posted earnings per share of $0.35 in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.7%. The firm is scheduled to issue its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Inter Parfums will report full year earnings of $1.89 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $1.90. For the next year, analysts expect that the company will post earnings of $2.19 per share, with EPS estimates ranging from $2.12 to $2.30. Zacks’ EPS averages are an average based on a survey of sell-side research firms that cover Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Monday, May 6th. The company reported $0.60 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.03. The business had revenue of $178.20 million during the quarter, compared to analyst estimates of $188.27 million. Inter Parfums had a return on equity of 9.69% and a net margin of 8.32%. Inter Parfums’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.51 EPS.
IPAR has been the topic of several recent research reports. BidaskClub downgraded Inter Parfums from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. DA Davidson raised Inter Parfums from a “neutral” rating to a “buy” rating and set a $78.00 price target on the stock in a report on Monday, June 10th. Zacks Investment Research cut Inter Parfums from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 8th. Finally, Citigroup lifted their target price on Inter Parfums from $64.00 to $79.00 and gave the stock a “neutral” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $74.00.
In other Inter Parfums news, CEO Jean Madar sold 1,623 shares of the company’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $67.01, for a total value of $108,757.23. Following the sale, the chief executive officer now directly owns 77,007 shares of the company’s stock, valued at $5,160,239.07. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 58,946 shares of company stock worth $3,959,128 over the last three months. Corporate insiders own 45.00% of the company’s stock.
A number of large investors have recently bought and sold shares of IPAR. Mason Street Advisors LLC boosted its stake in shares of Inter Parfums by 3.8% during the 1st quarter. Mason Street Advisors LLC now owns 5,554 shares of the company’s stock worth $421,000 after acquiring an additional 202 shares in the last quarter. First Mercantile Trust Co. boosted its holdings in Inter Parfums by 9.0% in the 1st quarter. First Mercantile Trust Co. now owns 2,944 shares of the company’s stock worth $223,000 after buying an additional 244 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its holdings in Inter Parfums by 6.3% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,361 shares of the company’s stock worth $331,000 after buying an additional 257 shares during the last quarter. LPL Financial LLC boosted its holdings in Inter Parfums by 4.0% in the 4th quarter. LPL Financial LLC now owns 7,075 shares of the company’s stock worth $464,000 after buying an additional 269 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in Inter Parfums by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 7,810 shares of the company’s stock worth $512,000 after buying an additional 304 shares during the last quarter. 54.72% of the stock is currently owned by institutional investors.
IPAR traded down $1.68 during midday trading on Wednesday, reaching $64.14. 130,285 shares of the company’s stock traded hands, compared to its average volume of 117,529. Inter Parfums has a 52 week low of $52.65 and a 52 week high of $80.99. The company has a market cap of $2.02 billion, a PE ratio of 37.51, a price-to-earnings-growth ratio of 2.88 and a beta of 0.99. The firm has a fifty day moving average price of $67.03. The company has a quick ratio of 2.20, a current ratio of 3.10 and a debt-to-equity ratio of 0.07.
The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, June 27th. Inter Parfums’s payout ratio is presently 64.33%.
Inter Parfums Company Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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