Inter Parfums, Inc. (IPAR) Expected to Announce Earnings of $0.49 Per Share
Analysts expect Inter Parfums, Inc. (NASDAQ:IPAR) to post earnings of $0.49 per share for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Inter Parfums’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.52. Inter Parfums reported earnings of $0.52 per share during the same quarter last year, which indicates a negative year over year growth rate of 5.8%. The business is scheduled to announce its next quarterly earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Inter Parfums will report full year earnings of $1.28 per share for the current year, with EPS estimates ranging from $1.26 to $1.31. For the next financial year, analysts forecast that the firm will report earnings of $1.43 per share, with EPS estimates ranging from $1.42 to $1.43. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that follow Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $129.10 million during the quarter, compared to the consensus estimate of $122.57 million. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. Inter Parfums’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS.
A number of equities analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, May 1st. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC assumed coverage on shares of Inter Parfums in a report on Friday, June 2nd. They set a “hold” rating and a $35.00 target price on the stock. DA Davidson restated a “buy” rating and set a $44.00 target price on shares of Inter Parfums in a report on Monday, May 8th. Finally, Citigroup Inc. restated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Inter Parfums in a report on Thursday, August 10th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $42.00.
Inter Parfums (IPAR) traded down 0.13% during mid-day trading on Friday, hitting $37.75. 251,888 shares of the company traded hands. The company’s 50-day moving average is $37.63 and its 200-day moving average is $36.23. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 29.26 and a beta of 1.77. Inter Parfums has a one year low of $29.40 and a one year high of $41.70.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.80%. Inter Parfums’s dividend payout ratio is currently 52.31%.
In other Inter Parfums news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $39.10, for a total value of $97,750.00. Following the transaction, the chief financial officer now directly owns 5,500 shares in the company, valued at $215,050. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 45.40% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in IPAR. US Bancorp DE boosted its stake in shares of Inter Parfums by 45.4% in the first quarter. US Bancorp DE now owns 3,187 shares of the company’s stock worth $116,000 after buying an additional 995 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Inter Parfums by 6.0% in the first quarter. Great West Life Assurance Co. Can now owns 24,053 shares of the company’s stock worth $879,000 after buying an additional 1,356 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Inter Parfums by 3.4% in the first quarter. Russell Investments Group Ltd. now owns 23,058 shares of the company’s stock worth $843,000 after buying an additional 758 shares during the last quarter. Granite Investment Partners LLC boosted its stake in shares of Inter Parfums by 9.1% in the first quarter. Granite Investment Partners LLC now owns 281,818 shares of the company’s stock worth $10,300,000 after buying an additional 23,431 shares during the last quarter. Finally, Dubuque Bank & Trust Co. acquired a new stake in shares of Inter Parfums during the first quarter worth about $139,000. 54.10% of the stock is owned by institutional investors.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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