Analysts Anticipate Inter Parfums, Inc. (IPAR) Will Post Earnings of $0.49 Per Share
Analysts expect that Inter Parfums, Inc. (NASDAQ:IPAR) will report earnings of $0.49 per share for the current fiscal quarter, according to Zacks. Five analysts have made estimates for Inter Parfums’ earnings, with the lowest EPS estimate coming in at $0.43 and the highest estimate coming in at $0.52. Inter Parfums posted earnings per share of $0.52 in the same quarter last year, which suggests a negative year over year growth rate of 5.8%. The firm is scheduled to report its next earnings results on Tuesday, November 14th.
On average, 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 fiscal year, analysts expect that the firm 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 cover Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. Inter Parfums’s revenue was up 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS.
Several equities analysts have weighed in on IPAR shares. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research note on Thursday, July 20th. BidaskClub raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Jefferies Group LLC started coverage on Inter Parfums in a research note on Friday, June 2nd. They issued a “hold” rating and a $35.00 target price on the stock. Finally, Citigroup Inc. reissued a “buy” rating and issued a $45.00 target price (up previously from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $42.20.
Shares of Inter Parfums (NASDAQ IPAR) traded down 1.25% during trading on Friday, reaching $39.55. The company had a trading volume of 20,192 shares. The firm has a market capitalization of $1.23 billion, a P/E ratio of 30.66 and a beta of 1.77. Inter Parfums has a 52-week low of $29.40 and a 52-week high of $41.70. The company has a 50 day moving average of $38.61 and a 200-day moving average of $36.66.
The firm also recently declared 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 is Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.70%. Inter Parfums’s dividend payout ratio (DPR) is currently 52.31%.
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In other Inter Parfums news, CFO Russell Greenberg sold 2,500 shares of the stock in a transaction dated Thursday, August 31st. The stock was 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 directly owns 5,500 shares in the company, valued at $217,800. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 45.40% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in IPAR. Atlanta Capital Management Co. L L C increased its holdings in shares of Inter Parfums by 14.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after acquiring an additional 143,072 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of Inter Parfums by 227.9% in the second quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock worth $6,536,000 after acquiring an additional 123,954 shares in the last quarter. Royce & Associates LP increased its holdings in shares of Inter Parfums by 20.4% in the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock worth $21,999,000 after acquiring an additional 101,565 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Inter Parfums by 37.1% in the second quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock worth $12,597,000 after acquiring an additional 93,100 shares in the last quarter. Finally, Fort Pitt Capital Group LLC increased its holdings in shares of Inter Parfums by 31.6% in the second quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock worth $14,183,000 after acquiring an additional 92,965 shares in the last quarter. Institutional investors own 55.61% of the company’s stock.
About Inter Parfums
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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