Inter Parfums, Inc. (IPAR) Expected to Post Quarterly Sales of $139.92 Million

Wall Street analysts expect Inter Parfums, Inc. (NASDAQ:IPAR) to report $139.92 million in sales for the current quarter, Zacks Investment Research reports. Five analysts have made estimates for Inter Parfums’ earnings, with the lowest sales estimate coming in at $135.90 million and the highest estimate coming in at $143.50 million. Inter Parfums posted sales of $134.77 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 3.8%. The company is scheduled to announce its next quarterly earnings report on Monday, March 12th.

According to Zacks, 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 anticipate that the company will post 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 cover Inter Parfums.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company had revenue of $169.50 million during the quarter, compared to analyst estimates of $160.52 million. During the same quarter last year, the business posted $0.52 EPS. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis.

IPAR has been the subject of a number of research analyst reports. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Tuesday, September 12th. DA Davidson lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a report on Thursday, October 26th. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, BidaskClub upgraded shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $44.00.

Shares of Inter Parfums (NASDAQ:IPAR) traded up $1.35 on Friday, reaching $44.25. 47,498 shares of the company were exchanged, compared to its average volume of 82,652. Inter Parfums has a one year low of $31.45 and a one year high of $46.80. The company has a market cap of $1,340.00, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 2.73 and a beta of 1.80. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07.

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.90%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s payout ratio is currently 51.52%.

In other news, CFO Russell Greenberg sold 2,500 shares of the business’s stock in a transaction dated Thursday, August 31st. The shares were 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 owns 5,500 shares in the company, valued at approximately $217,800. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,250 shares of company stock valued at $382,733. Company insiders own 45.40% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH bought a new position in shares of Inter Parfums during the 3rd quarter worth approximately $268,000. Stifel Financial Corp raised its stake in shares of Inter Parfums by 6.8% during the 3rd quarter. Stifel Financial Corp now owns 395,782 shares of the company’s stock worth $16,335,000 after acquiring an additional 25,347 shares in the last quarter. OxFORD Asset Management LLP bought a new position in shares of Inter Parfums during the 3rd quarter worth approximately $904,000. Dimensional Fund Advisors LP raised its stake in shares of Inter Parfums by 2.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,424,957 shares of the company’s stock worth $58,780,000 after acquiring an additional 33,230 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC bought a new position in shares of Inter Parfums during the 3rd quarter worth approximately $218,000. Institutional investors and hedge funds own 55.73% of the company’s stock.

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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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Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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