Equities research analysts expect Inter Parfums, Inc. (NASDAQ:IPAR) to report sales of $139.92 million for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Inter Parfums’ earnings. The lowest sales estimate is $135.90 million and the highest is $143.50 million. Inter Parfums posted sales of $134.77 million during the same quarter last year, which suggests a positive year over year growth rate of 3.8%. The company is expected to issue its next quarterly earnings report on Monday, March 12th.
On average, 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 firm will post sales of $617.92 million per share, with estimates ranging from $607.59 million to $621.30 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The business had revenue of $169.50 million during the quarter, compared to the consensus estimate of $160.52 million. During the same period last year, the business posted $0.52 EPS. Inter Parfums’s revenue was up 7.6% on a year-over-year basis.
IPAR has been the subject of several recent analyst reports. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, September 6th. BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Sidoti cut shares of Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Finally, DA Davidson lowered their price target on shares of Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $44.00.
In related news, Director Torres Robert Bensoussan sold 6,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Patrick Choel sold 750 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total transaction of $31,192.50. The disclosure for this sale can be found here. Insiders have sold 34,550 shares of company stock worth $1,506,279 over the last ninety days. Insiders own 45.40% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Inter Parfums by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,689,917 shares of the company’s stock worth $61,935,000 after acquiring an additional 41,384 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Inter Parfums by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,424,957 shares of the company’s stock valued at $58,780,000 after buying an additional 33,230 shares in the last quarter. Atlanta Capital Management Co. L L C boosted its position in Inter Parfums by 14.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock valued at $42,825,000 after buying an additional 143,072 shares in the last quarter. Northern Trust Corp boosted its position in Inter Parfums by 0.5% in the second quarter. Northern Trust Corp now owns 748,819 shares of the company’s stock valued at $27,446,000 after buying an additional 3,655 shares in the last quarter. Finally, Royce & Associates LP boosted its position in Inter Parfums by 20.4% in the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock valued at $21,999,000 after buying an additional 101,565 shares in the last quarter. Institutional investors and hedge funds own 55.66% of the company’s stock.
Shares of Inter Parfums (NASDAQ IPAR) traded up $0.85 during trading hours on Wednesday, reaching $44.90. 341,603 shares of the company traded hands, compared to its average volume of 69,951. Inter Parfums has a twelve month low of $31.45 and a twelve month high of $46.80. The firm has a market cap of $1,430.00, a P/E ratio of 32.39, a P/E/G ratio of 2.78 and a beta of 1.78. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.87%. Inter Parfums’s dividend payout ratio (DPR) is currently 51.91%.
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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