$0.49 EPS Expected for Inter Parfums, Inc. (IPAR) This Quarter
Brokerages forecast that Inter Parfums, Inc. (NASDAQ:IPAR) will announce earnings of $0.49 per share for the current quarter, according to Zacks. Five analysts have issued estimates for Inter Parfums’ earnings. The lowest EPS estimate is $0.43 and the highest is $0.52. Inter Parfums posted earnings per share of $0.52 during the same quarter last year, which suggests a negative year over year growth rate of 5.8%. The business is expected to report 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 financial year, with EPS estimates ranging from $1.26 to $1.31. For the next year, analysts expect that the company will post earnings of $1.43 per share, with EPS estimates ranging from $1.42 to $1.43. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The business had revenue of $129.10 million during the quarter, compared to analysts’ expectations of $122.57 million. During the same quarter last year, the business posted $0.19 earnings per share. The company’s quarterly revenue was up 10.2% on a year-over-year basis.
IPAR has been the subject of a number of analyst reports. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 price objective for the company in a research note on Friday, September 1st. BidaskClub cut Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. DA Davidson reaffirmed a “buy” rating and set a $45.00 price objective (up from $44.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $45.00 price objective (up from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Two analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $42.60.
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Shares of Inter Parfums (NASDAQ IPAR) traded up 0.95% during midday trading on Friday, hitting $42.40. The stock had a trading volume of 42,150 shares. Inter Parfums has a one year low of $29.40 and a one year high of $42.75. The firm’s 50-day moving average price is $40.56 and its 200-day moving average price is $37.59. The firm has a market capitalization of $1.32 billion, a PE ratio of 32.87 and a beta of 1.76.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.17 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.60%. Inter Parfums’s payout ratio is 52.31%.
In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $42.09, for a total value of $252,540.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Patrick Choel sold 750 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 11,750 shares of company stock valued at $480,483. Insiders own 45.40% of the company’s stock.
Large investors have recently bought and sold shares of the business. Victory Capital Management Inc. lifted its holdings in shares of Inter Parfums by 39.4% in the first quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock valued at $127,000 after purchasing an additional 985 shares in the last quarter. Royce & Associates LP lifted 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 valued at $21,999,000 after purchasing an additional 101,565 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Inter Parfums by 6.1% in the second quarter. Eagle Asset Management Inc. now owns 472,085 shares of the company’s stock valued at $17,301,000 after purchasing an additional 26,997 shares in the last quarter. UBS Group AG lifted its holdings in shares of Inter Parfums by 1,109.3% in the first quarter. UBS Group AG now owns 8,417 shares of the company’s stock valued at $307,000 after purchasing an additional 7,721 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Inter Parfums by 2.2% in the first quarter. Dimensional Fund Advisors LP now owns 1,375,410 shares of the company’s stock valued at $50,271,000 after purchasing an additional 29,457 shares in the last quarter. 55.61% of the stock is owned by hedge funds and other 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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