$0.17 Earnings Per Share Expected for Inter Parfums, Inc. (IPAR) This Quarter
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%.
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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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