Wall Street analysts expect that Inter Parfums (NASDAQ:IPAR) will post $146.33 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Inter Parfums’ earnings. The highest sales estimate is $154.93 million and the lowest is $140.10 million. Inter Parfums posted sales of $129.14 million during the same quarter last year, which indicates a positive year over year growth rate of 13.3%. The business is expected to report its next quarterly earnings results on Monday, August 6th.
On average, analysts expect that Inter Parfums will report full year sales of $670.95 million for the current year, with estimates ranging from $665.00 million to $674.60 million. For the next financial year, analysts anticipate that the firm will post sales of $722.90 million per share, with estimates ranging from $716.30 million to $735.40 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that follow Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, May 8th. The company reported $0.51 EPS for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Inter Parfums had a return on equity of 7.80% and a net margin of 7.12%. The business had revenue of $171.77 million during the quarter, compared to analyst estimates of $159.85 million. During the same period in the previous year, the company posted $0.43 EPS. The firm’s revenue was up 20.1% compared to the same quarter last year.
A number of analysts recently commented on the company. DA Davidson boosted their target price on Inter Parfums from $54.00 to $57.00 and gave the company a “buy” rating in a research report on Thursday, April 26th. Raymond James raised Inter Parfums from a “market perform” rating to an “outperform” rating in a research report on Thursday, May 10th. They noted that the move was a valuation call. KeyCorp lowered Inter Parfums from an “overweight” rating to a “sector weight” rating in a research report on Monday, January 22nd. Citigroup lowered Inter Parfums from a “buy” rating to a “neutral” rating and set a $52.00 target price for the company. in a research report on Monday, January 22nd. Finally, Bank of America raised Inter Parfums from a “neutral” rating to a “buy” rating in a research report on Thursday, May 10th. Four equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $49.33.
Inter Parfums traded up $0.05, reaching $51.50, during midday trading on Tuesday, Marketbeat Ratings reports. The stock had a trading volume of 83,200 shares, compared to its average volume of 114,658. Inter Parfums has a 12 month low of $34.05 and a 12 month high of $52.10. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of 38.95, a PEG ratio of 2.64 and a beta of 1.58. The company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.53.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.63%. Inter Parfums’s dividend payout ratio (DPR) is currently 63.16%.
In other Inter Parfums news, CFO Russell Greenberg sold 15,000 shares of Inter Parfums stock in a transaction dated Wednesday, May 16th. The stock was sold at an average price of $49.90, for a total transaction of $748,500.00. Following the completion of the transaction, the chief financial officer now owns 15,000 shares in the company, valued at approximately $748,500. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Philippe Benacin sold 27,923 shares of Inter Parfums stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $47.78, for a total value of $1,334,160.94. The disclosure for this sale can be found here. Insiders have sold a total of 85,727 shares of company stock valued at $4,126,892 in the last quarter. Company insiders own 45.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the business. New York State Teachers Retirement System boosted its stake in Inter Parfums by 22.1% during the 1st quarter. New York State Teachers Retirement System now owns 9,375 shares of the company’s stock valued at $442,000 after purchasing an additional 1,700 shares during the last quarter. California Public Employees Retirement System boosted its stake in Inter Parfums by 5.3% during the 1st quarter. California Public Employees Retirement System now owns 34,214 shares of the company’s stock valued at $1,613,000 after purchasing an additional 1,714 shares during the last quarter. Bahl & Gaynor Inc. boosted its stake in Inter Parfums by 3.3% during the 1st quarter. Bahl & Gaynor Inc. now owns 59,950 shares of the company’s stock valued at $2,827,000 after purchasing an additional 1,911 shares during the last quarter. SG Americas Securities LLC acquired a new position in Inter Parfums during the 1st quarter valued at about $119,000. Finally, Schwab Charles Investment Management Inc. boosted its stake in Inter Parfums by 4.2% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 73,096 shares of the company’s stock valued at $3,177,000 after purchasing an additional 2,964 shares during the last quarter. Institutional investors and hedge funds own 55.21% of the company’s stock.
About Inter Parfums
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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