Inter Parfums, Inc. (IPAR) Scheduled to Post Quarterly Earnings on Wednesday
Inter Parfums, Inc. (NASDAQ:IPAR) will be announcing its earnings results after the market closes on Wednesday, November 8th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Inter Parfums has set its FY17 guidance at $1.25-1.27 EPS.
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 Thomson Reuters’ consensus estimate of $0.20 by $0.02. The company 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%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.19 earnings per share. On average, analysts expect Inter Parfums to post $1.3 EPS for the current fiscal year and $1.44 EPS for the next fiscal year.
Shares of Inter Parfums, Inc. (NASDAQ IPAR) opened at 46.30 on Wednesday. The stock has a market capitalization of $1.44 billion, a PE ratio of 35.89 and a beta of 1.76. Inter Parfums, Inc. has a 52 week low of $29.40 and a 52 week high of $46.80. The company has a 50-day moving average price of $41.86 and a 200 day moving average price of $38.27.
The company also recently announced a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date was Thursday, September 28th. Inter Parfums’s dividend payout ratio (DPR) is presently 52.31%.
In related news, CFO Russell Greenberg sold 2,500 shares of the business’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 transaction, the chief financial officer now directly owns 5,500 shares in the company, valued at approximately $215,050. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total value of $252,540.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 11,750 shares of company stock worth $480,483. 45.40% of the stock is owned by company insiders.
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A number of equities research 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 for the company in a research report on Thursday, July 20th. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $45.00 price target (up from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Two research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $44.50.
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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