Wall Street brokerages expect that Inter Parfums, Inc. (NASDAQ:IPAR) will post earnings of $0.62 per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Inter Parfums’ earnings. The lowest EPS estimate is $0.59 and the highest is $0.65. Inter Parfums posted earnings of $0.55 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.7%. The business is expected to announce its next quarterly earnings results on Wednesday, November 14th.

On average, analysts expect that Inter Parfums will report full year earnings of $1.60 per share for the current financial year, with EPS estimates ranging from $1.59 to $1.60. For the next year, analysts anticipate that the firm will post earnings of $1.88 per share, with EPS estimates ranging from $1.85 to $1.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that cover Inter Parfums.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 7th. The company reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.09. Inter Parfums had a return on equity of 8.37% and a net margin of 7.54%. The company had revenue of $149.37 million for the quarter, compared to the consensus estimate of $149.42 million.

A number of research firms recently commented on IPAR. Raymond James upgraded Inter Parfums from a “market perform” rating to an “outperform” rating in a report on Thursday, May 10th. They noted that the move was a valuation call. Zacks Investment Research downgraded Inter Parfums from a “hold” rating to a “sell” rating in a report on Wednesday, July 25th. Bank of America upgraded Inter Parfums from a “neutral” rating to a “buy” rating in a report on Thursday, May 10th. BidaskClub downgraded Inter Parfums from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 8th. Finally, DA Davidson increased their price objective on Inter Parfums to $72.00 and gave the stock a “buy” rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $61.50.

In other Inter Parfums news, CFO Philippe Santi sold 3,600 shares of the stock in a transaction that occurred on Friday, August 10th. The stock was sold at an average price of $10,523.10, for a total transaction of $37,883,160.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 45.00% of the company’s stock.

A number of hedge funds have recently made changes to their positions in IPAR. BlackRock Inc. boosted its position in shares of Inter Parfums by 5.3% in the first quarter. BlackRock Inc. now owns 2,921,288 shares of the company’s stock valued at $137,738,000 after acquiring an additional 147,769 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Inter Parfums by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 1,445,086 shares of the company’s stock valued at $68,136,000 after acquiring an additional 10,091 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Inter Parfums by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 478,231 shares of the company’s stock valued at $25,585,000 after acquiring an additional 31,499 shares during the period. Cortina Asset Management LLC boosted its position in shares of Inter Parfums by 36.9% in the second quarter. Cortina Asset Management LLC now owns 458,351 shares of the company’s stock valued at $24,522,000 after acquiring an additional 123,582 shares during the period. Finally, Fort Pitt Capital Group LLC boosted its position in shares of Inter Parfums by 20.0% in the second quarter. Fort Pitt Capital Group LLC now owns 458,223 shares of the company’s stock valued at $24,515,000 after acquiring an additional 76,327 shares during the period. Institutional investors own 56.28% of the company’s stock.

NASDAQ:IPAR traded up $0.30 during mid-day trading on Friday, reaching $66.25. The stock had a trading volume of 67,612 shares, compared to its average volume of 101,886. Inter Parfums has a fifty-two week low of $38.30 and a fifty-two week high of $67.50. The company has a market capitalization of $2.07 billion, a P/E ratio of 49.81, a P/E/G ratio of 3.38 and a beta of 1.54. The company has a debt-to-equity ratio of 0.06, a quick ratio of 2.18 and a current ratio of 3.17.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, September 27th. This represents a $0.84 annualized dividend and a yield of 1.27%. Inter Parfums’s dividend payout ratio (DPR) is presently 63.16%.

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

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