Analysts expect that Inter Parfums, Inc. (NASDAQ:IPAR) will post $161.20 million in sales for the current quarter, according to Zacks. Five analysts have provided estimates for Inter Parfums’ earnings, with the highest sales estimate coming in at $165.50 million and the lowest estimate coming in at $157.10 million. Inter Parfums posted sales of $157.62 million during the same quarter last year, which would indicate a positive year over year growth rate of 2.3%. The business is scheduled to report its next quarterly earnings report on Tuesday, November 14th.
According to Zacks, analysts expect that Inter Parfums will report full year sales of $161.20 million for the current year, with estimates ranging from $563.60 million to $578.30 million. For the next financial year, analysts forecast that the business will report sales of $611.80 million per share, with estimates ranging from $591.70 million to $631.50 million. Zacks’ sales calculations are an average based on a survey of research firms that cover Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping the consensus estimate of $0.20 by $0.02. The company had revenue of $129.10 million during the quarter, compared to analyst estimates of $122.57 million. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. Inter Parfums’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share.
A number of research firms have issued reports on IPAR. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Monday, May 1st. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. 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 for the company. 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. Finally, Citigroup Inc. reissued a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $42.00.
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Inter Parfums (NASDAQ:IPAR) traded up 0.13% on Tuesday, reaching $38.65. 29,327 shares of the company’s stock traded hands. The stock has a market capitalization of $1.20 billion, a price-to-earnings ratio of 29.96 and a beta of 1.77. Inter Parfums has a 52 week low of $29.40 and a 52 week high of $41.70. The firm has a 50-day moving average price of $37.87 and a 200-day moving average price of $36.38.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.76%. The ex-dividend date of this dividend is Thursday, September 28th. Inter Parfums’s dividend payout ratio is currently 52.31%.
In related news, CFO Russell Greenberg sold 2,500 shares of the stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $39.10, for a total value of $97,750.00. Following the completion of the transaction, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $215,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 45.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its position in shares of Inter Parfums by 0.5% in the fourth quarter. AQR Capital Management LLC now owns 8,265 shares of the company’s stock worth $271,000 after buying an additional 42 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Inter Parfums by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the company’s stock worth $256,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its position in shares of Inter Parfums by 1.1% in the first quarter. Arizona State Retirement System now owns 8,909 shares of the company’s stock worth $326,000 after buying an additional 100 shares in the last quarter. Texas Permanent School Fund increased its position in shares of Inter Parfums by 1.0% in the second quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock worth $459,000 after buying an additional 129 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Inter Parfums by 3.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,954 shares of the company’s stock worth $145,000 after buying an additional 136 shares in the last quarter. 54.10% of the stock is owned by hedge funds and other institutional investors.
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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