Brokerages expect Inter Parfums, Inc. (NASDAQ:IPAR) to announce $0.17 earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Inter Parfums’ earnings, with estimates ranging from $0.16 to $0.18. Inter Parfums posted earnings of $0.19 per share in the same quarter last year, which would suggest a negative year over year growth rate of 10.5%. The firm is scheduled to announce its next earnings results on Tuesday, August 8th.

According to Zacks, analysts expect that Inter Parfums will report full year earnings of $1.26 per share for the current year, with EPS estimates ranging from $1.23 to $1.31. For the next fiscal year, analysts anticipate that the business will post earnings of $1.40 per share. Zacks’ EPS averages are a mean average based on a survey of research firms that that provide coverage for Inter Parfums.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. The company had revenue of $143.10 million during the quarter, compared to the consensus estimate of $120.05 million. During the same quarter last year, the company earned $0.24 EPS. The company’s quarterly revenue was up 28.3% on a year-over-year basis.

A number of brokerages recently issued reports on IPAR. BidaskClub raised Inter Parfums from a “sell” rating to a “hold” rating in a research report on Thursday. Jefferies Group LLC began coverage on Inter Parfums in a research report on Friday, June 2nd. They set a “hold” rating and a $35.00 price target on the stock. DA Davidson reissued a “buy” rating and set a $44.00 price target on shares of Inter Parfums in a research report on Monday, May 8th. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Monday, May 1st. Finally, B. Riley increased their price target on Inter Parfums from $40.00 to $42.00 and gave the stock a “buy” rating in a research report on Wednesday, March 15th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $38.88.

In other Inter Parfums news, CFO Russell Greenberg sold 15,000 shares of the company’s stock in a transaction on Tuesday, March 21st. The stock was sold at an average price of $37.75, for a total transaction of $566,250.00. Following the completion of the sale, the chief financial officer now directly owns 8,000 shares in the company, valued at $302,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 45.50% of the company’s stock.

Large investors have recently added to or reduced their stakes in the company. First National Bank of Omaha boosted its stake in Inter Parfums by 21.4% in the first quarter. First National Bank of Omaha now owns 21,530 shares of the company’s stock valued at $787,000 after buying an additional 3,793 shares during the last quarter. Americafirst Capital Management LLC acquired a new stake in Inter Parfums during the first quarter valued at $1,905,000. Stifel Financial Corp boosted its stake in Inter Parfums by 19.3% in the first quarter. Stifel Financial Corp now owns 317,683 shares of the company’s stock valued at $11,621,000 after buying an additional 51,434 shares during the last quarter. A.R.T. Advisors LLC acquired a new stake in Inter Parfums during the fourth quarter valued at $230,000. Finally, Russell Investments Group Ltd. acquired a new stake in Inter Parfums during the fourth quarter valued at $736,000. Hedge funds and other institutional investors own 55.61% of the company’s stock.

Shares of Inter Parfums (IPAR) traded down 0.55% during mid-day trading on Thursday, hitting $36.05. The company’s stock had a trading volume of 150,391 shares. The company has a market cap of $1.12 billion, a price-to-earnings ratio of 28.61 and a beta of 1.79. The company has a 50-day moving average of $35.97 and a 200 day moving average of $35.01. Inter Parfums has a 1-year low of $27.05 and a 1-year high of $41.70.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, June 28th. Inter Parfums’s dividend payout ratio is currently 53.54%.

ILLEGAL ACTIVITY NOTICE: This story was reported by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally copied and republished in violation of US & international copyright laws. The original version of this story can be read at https://www.watchlistnews.com/0-17-earnings-per-share-expected-for-inter-parfums-inc-ipar-this-quarter/1372611.html.

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.

Get a free copy of the Zacks research report on Inter Parfums (IPAR)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Inter Parfums Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.