$0.49 EPS Expected for Inter Parfums, Inc. (IPAR) This Quarter
Equities research analysts predict that Inter Parfums, Inc. (NASDAQ:IPAR) will announce $0.49 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Inter Parfums’ earnings, with the highest EPS estimate coming in at $0.52 and the lowest estimate coming in at $0.43. Inter Parfums posted earnings per share of $0.52 in the same quarter last year, which would suggest a negative year-over-year growth rate of 5.8%. The business is scheduled to issue its next quarterly earnings results 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 year, analysts forecast that the business will post earnings of $1.43 per share, with EPS estimates ranging from $1.42 to $1.43. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The business had revenue of $129.10 million for the quarter, compared to analyst estimates of $122.57 million. During the same period last year, the firm earned $0.19 earnings per share. Inter Parfums’s revenue for the quarter was up 10.2% compared to the same quarter last year.
A number of equities analysts have issued reports on IPAR shares. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a report on Friday, September 1st. DA Davidson reiterated a “buy” rating and issued a $45.00 price objective (up previously from $44.00) on shares of Inter Parfums in a report on Thursday, August 10th. Citigroup Inc. reiterated a “buy” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a report on Thursday, August 10th. Finally, BidaskClub upgraded Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Two research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $42.20.
Inter Parfums (NASDAQ IPAR) remained flat at $39.85 during trading on Friday. The stock had a trading volume of 34,384 shares. Inter Parfums has a one year low of $29.40 and a one year high of $41.70. The firm has a market capitalization of $1.24 billion, a PE ratio of 30.89 and a beta of 1.77. The firm has a 50 day moving average price of $38.71 and a 200 day moving average price of $36.69.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. Inter Parfums’s payout ratio is presently 52.31%.
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In other news, CFO Russell Greenberg sold 2,500 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $39.10, for a total transaction of $97,750.00. Following the completion of the transaction, the chief financial officer now directly owns 5,500 shares in the company, valued at $215,050. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 45.40% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its holdings in shares of Inter Parfums by 39.4% during the first quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock valued at $127,000 after acquiring an additional 985 shares in the last quarter. Stifel Financial Corp increased its holdings in shares of Inter Parfums by 19.3% during the first quarter. Stifel Financial Corp now owns 317,683 shares of the company’s stock valued at $11,621,000 after acquiring an additional 51,434 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in Inter Parfums in the 1st quarter worth about $479,000. Dimensional Fund Advisors LP increased its holdings in Inter Parfums by 2.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,375,410 shares of the company’s stock worth $50,271,000 after buying an additional 29,457 shares in the last quarter. Finally, UBS Group AG increased its holdings in Inter Parfums by 1,109.3% in the 1st quarter. UBS Group AG now owns 8,417 shares of the company’s stock worth $307,000 after buying an additional 7,721 shares in the last quarter. Hedge funds and other institutional investors own 55.61% 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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