Equities analysts predict that Inter Parfums (NASDAQ:IPAR) will announce earnings per share (EPS) of $0.26 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Inter Parfums’ earnings, with the lowest EPS estimate coming in at $0.24 and the highest estimate coming in at $0.29. Inter Parfums reported earnings per share of $0.22 in the same quarter last year, which would indicate a positive year over year growth rate of 18.2%. The business is expected to report its next earnings report on Monday, August 6th.
According to Zacks, analysts expect that Inter Parfums will report full-year earnings of $1.60 per share for the current year, with EPS estimates ranging from $1.59 to $1.63. For the next fiscal year, analysts anticipate that the company will report earnings of $1.85 per share, with EPS estimates ranging from $1.82 to $1.90. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that that provide coverage for Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, May 8th. The company reported $0.51 EPS for the quarter, beating the Zacks’ consensus estimate of $0.49 by $0.02. The firm had revenue of $171.77 million for the quarter, compared to analysts’ expectations of $159.85 million. Inter Parfums had a net margin of 7.12% and a return on equity of 7.80%. The firm’s revenue was up 20.1% on a year-over-year basis. During the same period in the prior year, the company earned $0.43 EPS.
In other news, insider Philippe Benacin sold 3,851 shares of the stock in a transaction dated Wednesday, April 18th. The shares were sold at an average price of $49.08, for a total transaction of $189,007.08. Following the transaction, the insider now directly owns 55,376 shares in the company, valued at approximately $2,717,854.08. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Philippe Santi sold 4,600 shares of the stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of $48.00, for a total transaction of $220,800.00. Following the transaction, the chief financial officer now owns 600 shares in the company, valued at $28,800. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 90,727 shares of company stock worth $4,383,092. Insiders own 45.40% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Ramsey Quantitative Systems purchased a new position in shares of Inter Parfums during the 4th quarter worth about $245,000. Teacher Retirement System of Texas purchased a new position in Inter Parfums in the fourth quarter valued at approximately $258,000. Deutsche Bank AG raised its holdings in Inter Parfums by 16.2% in the fourth quarter. Deutsche Bank AG now owns 47,968 shares of the company’s stock valued at $2,083,000 after buying an additional 6,701 shares during the period. Rhumbline Advisers raised its holdings in Inter Parfums by 12.8% in the fourth quarter. Rhumbline Advisers now owns 52,828 shares of the company’s stock valued at $2,295,000 after buying an additional 5,991 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its holdings in Inter Parfums by 4.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 73,096 shares of the company’s stock valued at $3,177,000 after buying an additional 2,964 shares during the period. Institutional investors and hedge funds own 55.27% of the company’s stock.
Inter Parfums traded up $0.25, reaching $52.85, during trading hours on Wednesday, according to Marketbeat.com. The company’s stock had a trading volume of 103,892 shares, compared to its average volume of 114,493. The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 39.55, a PEG ratio of 2.76 and a beta of 1.58. Inter Parfums has a fifty-two week low of $34.50 and a fifty-two week high of $55.20. The company has a current ratio of 3.36, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.59%. Inter Parfums’s dividend payout ratio (DPR) is 63.16%.
Inter Parfums Company Profile
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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