Wall Street analysts expect that Inter Parfums, Inc. (NASDAQ:IPAR) will report $139.92 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have issued estimates for Inter Parfums’ earnings, with estimates ranging from $135.90 million to $143.50 million. Inter Parfums reported sales of $134.77 million during the same quarter last year, which indicates a positive year over year growth rate of 3.8%. The company is scheduled to report its next earnings results on Monday, March 12th.
On average, analysts expect that Inter Parfums will report full-year sales of $139.92 million for the current year, with estimates ranging from $577.60 million to $582.30 million. For the next financial year, analysts expect that the business will report sales of $617.92 million per share, with estimates ranging from $607.59 million to $621.30 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that that provide coverage for Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The company had revenue of $169.50 million for the quarter, compared to the consensus estimate of $160.52 million. During the same quarter in the previous year, the business earned $0.52 EPS. Inter Parfums’s revenue was up 7.6% compared to the same quarter last year.
IPAR has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, September 6th. BidaskClub upgraded Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Sidoti downgraded Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, DA Davidson reduced their target price on Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $44.00.
Inter Parfums (NASDAQ IPAR) opened at $43.75 on Wednesday. Inter Parfums has a twelve month low of $31.45 and a twelve month high of $46.80. The stock has a market capitalization of $1,364.42, a PE ratio of 32.17, a P/E/G ratio of 2.76 and a beta of 1.77. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. Inter Parfums’s dividend payout ratio is 51.13%.
In other news, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total value of $252,540.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Patrick Choel sold 750 shares of the business’s stock in a transaction that occurred on Monday, October 2nd. The stock was 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. 45.40% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of IPAR. Atlanta Capital Management Co. L L C boosted its position in shares of Inter Parfums by 14.0% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after purchasing an additional 143,072 shares in the last quarter. Systematic Financial Management LP lifted its position in Inter Parfums by 227.9% in the 2nd quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock valued at $6,536,000 after acquiring an additional 123,954 shares in the last quarter. Royce & Associates LP lifted its position in Inter Parfums by 20.4% in the 2nd quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock valued at $21,999,000 after acquiring an additional 101,565 shares in the last quarter. Renaissance Technologies LLC lifted its position in Inter Parfums by 37.1% in the 2nd quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock valued at $12,597,000 after acquiring an additional 93,100 shares in the last quarter. Finally, Fort Pitt Capital Group LLC lifted its position in Inter Parfums by 31.6% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock valued at $14,183,000 after acquiring an additional 92,965 shares in the last quarter. 55.66% of the stock is currently owned by hedge funds and other institutional investors.
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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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