Brokerages Expect Inter Parfums, Inc. (NASDAQ:IPAR) Will Post Earnings of $0.40 Per Share

Analysts expect that Inter Parfums, Inc. (NASDAQ:IPAR) will announce earnings of $0.40 per share for the current quarter, according to Zacks Investment Research. Three analysts have made estimates for Inter Parfums’ earnings, with the lowest EPS estimate coming in at $0.36 and the highest estimate coming in at $0.44. Inter Parfums reported earnings of $0.32 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 25%. The company is expected to issue its next quarterly earnings report on Monday, May 10th.

According to Zacks, analysts expect that Inter Parfums will report full year earnings of $1.48 per share for the current fiscal year, with EPS estimates ranging from $1.45 to $1.50. For the next fiscal year, analysts forecast that the business will report earnings of $1.90 per share, with EPS estimates ranging from $1.72 to $2.10. Zacks’ EPS averages are an average based on a survey of research firms that follow Inter Parfums.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Sunday, February 28th. The company reported $0.47 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.10. The company had revenue of $184.04 million for the quarter, compared to analysts’ expectations of $148.00 million. Inter Parfums had a return on equity of 5.12% and a net margin of 5.94%. Inter Parfums’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same period last year, the firm posted $0.26 EPS.

Several research firms recently commented on IPAR. Zacks Investment Research lowered shares of Inter Parfums from a “strong-buy” rating to a “hold” rating and set a $74.00 target price on the stock. in a report on Friday, March 5th. BWS Financial raised their price objective on Inter Parfums from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, January 27th. DA Davidson boosted their target price on Inter Parfums from $55.00 to $77.00 and gave the company a “neutral” rating in a research note on Tuesday, March 9th. Finally, Citigroup increased their target price on Inter Parfums from $56.00 to $75.00 and gave the company a “neutral” rating in a report on Tuesday, March 9th. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. Inter Parfums presently has a consensus rating of “Hold” and an average target price of $64.14.

In related news, insider Pelayo Frederic Garcia sold 2,800 shares of the firm’s stock in a transaction on Thursday, January 28th. The stock was sold at an average price of $62.58, for a total value of $175,224.00. Following the completion of the sale, the insider now owns 400 shares of the company’s stock, valued at $25,032. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Philippe Santi sold 2,400 shares of Inter Parfums stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $73.82, for a total transaction of $177,168.00. Following the completion of the sale, the chief financial officer now owns 2,400 shares in the company, valued at approximately $177,168. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 14,900 shares of company stock worth $995,156. 44.70% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the company. Vantage Consulting Group Inc bought a new position in Inter Parfums in the fourth quarter worth about $107,000. Captrust Financial Advisors purchased a new position in shares of Inter Parfums during the 4th quarter worth approximately $108,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Inter Parfums by 36.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,571 shares of the company’s stock worth $156,000 after acquiring an additional 693 shares during the period. US Bancorp DE raised its position in shares of Inter Parfums by 13.0% in the 4th quarter. US Bancorp DE now owns 2,670 shares of the company’s stock worth $162,000 after acquiring an additional 308 shares in the last quarter. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Inter Parfums in the 4th quarter valued at approximately $201,000. 53.12% of the stock is currently owned by hedge funds and other institutional investors.

IPAR stock opened at $70.80 on Monday. The company has a market capitalization of $2.24 billion, a PE ratio of 70.80 and a beta of 0.95. The company has a debt-to-equity ratio of 0.03, a quick ratio of 3.04 and a current ratio of 4.54. Inter Parfums has a one year low of $36.46 and a one year high of $77.84. The company’s 50 day moving average price is $71.99 and its two-hundred day moving average price is $57.88.

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Monday, March 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Friday, March 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.41%. Inter Parfums’s dividend payout ratio is currently 52.63%.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. 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, Kate Spade New York, 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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