Brokerages Expect Inter Parfums, Inc. (IPAR) Will Announce Earnings of $0.10 Per Share
Equities analysts expect that Inter Parfums, Inc. (NASDAQ:IPAR) will report $0.10 earnings per share for the current quarter, according to Zacks. Five analysts have made estimates for Inter Parfums’ earnings, with the highest EPS estimate coming in at $0.12 and the lowest estimate coming in at $0.07. Inter Parfums posted earnings of $0.16 per share during the same quarter last year, which indicates a negative year-over-year growth rate of 37.5%. The firm is expected to announce its next quarterly earnings report on Monday, March 12th.
On average, analysts expect that Inter Parfums will report full year earnings of $1.29 per share for the current year, with EPS estimates ranging from $1.26 to $1.31. For the next fiscal year, analysts expect that the business will post earnings of $1.41 per share, with EPS estimates ranging from $1.40 to $1.43. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that cover Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The business had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. During the same quarter in the prior year, the business posted $0.52 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis.
Shares of Inter Parfums (NASDAQ IPAR) traded up $0.10 during trading on Thursday, hitting $43.20. 23,295 shares of the stock traded hands, compared to its average volume of 79,195. Inter Parfums has a fifty-two week low of $31.45 and a fifty-two week high of $46.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. The firm has a market cap of $1,347.28, a PE ratio of 31.76, a price-to-earnings-growth ratio of 2.73 and a beta of 1.80.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.21 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 1.94%. Inter Parfums’s dividend payout ratio is 51.13%.
In related news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $39.60, for a total value of $99,000.00. Following the completion of the sale, the chief financial officer now owns 5,500 shares in the company, valued at approximately $217,800. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 9,250 shares of company stock valued at $382,733. 45.40% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Acrospire Investment Management LLC raised its position in Inter Parfums by 68.9% in the 2nd quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after purchasing an additional 1,296 shares during the last quarter. State of Alaska Department of Revenue raised its position in Inter Parfums by 78.8% during the 2nd quarter. State of Alaska Department of Revenue now owns 3,380 shares of the company’s stock worth $123,000 after buying an additional 1,490 shares during the last quarter. Huntington National Bank raised its position in Inter Parfums by 17.6% during the 2nd quarter. Huntington National Bank now owns 3,569 shares of the company’s stock worth $131,000 after buying an additional 535 shares during the last quarter. Victory Capital Management Inc. raised its position in Inter Parfums by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock worth $150,000 after buying an additional 614 shares during the last quarter. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Inter Parfums during the 3rd quarter worth $218,000. Hedge funds and other institutional investors own 54.87% of the company’s stock.
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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