Brokerages forecast that Inter Parfums, Inc. (NASDAQ:IPAR) will post sales of $176.34 million for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Inter Parfums’ earnings, with estimates ranging from $176.30 million to $176.40 million. Inter Parfums posted sales of $177.23 million during the same quarter last year, which suggests a negative year over year growth rate of 0.5%. The business is scheduled to issue its next earnings report on Monday, March 2nd.

According to Zacks, analysts expect that Inter Parfums will report full year sales of $712.07 million for the current year, with estimates ranging from $712.00 million to $712.20 million. For the next year, analysts expect that the company will post sales of $741.79 million, with estimates ranging from $741.58 million to $742.00 million. Zacks’ sales 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 earnings results on Tuesday, November 5th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.01). Inter Parfums had a net margin of 8.43% and a return on equity of 10.15%. The business had revenue of $191.20 million during the quarter, compared to analysts’ expectations of $191.18 million. During the same period last year, the business posted $0.60 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year.

A number of analysts have recently weighed in on IPAR shares. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. BidaskClub upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Tuesday, December 3rd. Finally, DA Davidson lowered their price target on shares of Inter Parfums from $82.00 to $76.00 and set a “neutral” rating for the company in a report on Thursday, November 21st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $75.80.

Inter Parfums stock traded up $1.26 during mid-day trading on Thursday, reaching $72.82. 80,010 shares of the company’s stock traded hands, compared to its average volume of 121,322. Inter Parfums has a 12-month low of $58.21 and a 12-month high of $81.40. The company has a quick ratio of 2.24, a current ratio of 3.24 and a debt-to-equity ratio of 0.06. The stock has a 50 day moving average of $73.69 and a two-hundred day moving average of $68.52. The company has a market cap of $2.25 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 3.01 and a beta of 0.86.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.32 annualized dividend and a dividend yield of 1.81%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.28. Inter Parfums’s payout ratio is currently 64.33%.

In related news, CFO Russell Greenberg sold 2,434 shares of the stock in a transaction on Friday, September 27th. The stock was sold at an average price of $68.50, for a total transaction of $166,729.00. Following the sale, the chief financial officer now owns 66 shares in the company, valued at approximately $4,521. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold a total of 11,933 shares of company stock worth $824,315 in the last 90 days. 44.60% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd boosted its position in shares of Inter Parfums by 97.6% during the second quarter. Point72 Hong Kong Ltd now owns 737 shares of the company’s stock valued at $49,000 after buying an additional 364 shares during the period. Krane Funds Advisors LLC purchased a new stake in shares of Inter Parfums during the second quarter valued at $57,000. Smith Asset Management Group LP bought a new position in shares of Inter Parfums in the second quarter worth about $174,000. M&T Bank Corp grew its holdings in shares of Inter Parfums by 10.9% in the second quarter. M&T Bank Corp now owns 3,147 shares of the company’s stock worth $210,000 after purchasing an additional 310 shares during the last quarter. Finally, Schroder Investment Management Group bought a new position in shares of Inter Parfums in the second quarter worth about $213,000. Institutional investors own 55.66% of the company’s stock.

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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Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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