Brokerages expect Inter Parfums, Inc. (NASDAQ:IPAR) to announce sales of $169.50 million for the current fiscal quarter, Zacks reports. Four analysts have provided estimates for Inter Parfums’ earnings, with estimates ranging from $169.50 million to $169.51 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 7.5%. The business is expected to announce its next earnings results after the market closes on Wednesday, November 8th.
On average, analysts expect that Inter Parfums will report full year sales of $169.50 million for the current fiscal year, with estimates ranging from $579.60 million to $585.20 million. For the next year, analysts forecast that the company will report sales of $615.16 million per share, with estimates ranging from $591.70 million to $635.70 million. Zacks Investment Research’s sales averages are a mean 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 Monday, August 7th. The company reported $0.22 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The business had revenue of $129.10 million for the quarter, compared to the consensus estimate of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 EPS.
IPAR has been the topic of several research analyst reports. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, July 20th. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Inter Parfums has a consensus rating of “Buy” and an average price target of $44.50.
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In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of Inter Parfums stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $42.09, for a total value of $252,540.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Patrick Choel sold 750 shares of Inter Parfums stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. Insiders sold a total of 11,750 shares of company stock worth $480,483 in the last three months. Company insiders own 45.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in IPAR. Parametric Portfolio Associates LLC grew its holdings in shares of Inter Parfums by 13.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 48,768 shares of the company’s stock valued at $1,782,000 after acquiring an additional 5,809 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Inter Parfums in the 1st quarter valued at about $107,000. OppenheimerFunds Inc. grew its holdings in shares of Inter Parfums by 20.7% in the 1st quarter. OppenheimerFunds Inc. now owns 11,096 shares of the company’s stock valued at $406,000 after acquiring an additional 1,901 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of Inter Parfums by 3.6% in the 1st quarter. Principal Financial Group Inc. now owns 130,036 shares of the company’s stock valued at $4,753,000 after acquiring an additional 4,572 shares in the last quarter. Finally, Teachers Advisors LLC grew its holdings in shares of Inter Parfums by 2.7% in the 1st quarter. Teachers Advisors LLC now owns 28,789 shares of the company’s stock valued at $1,052,000 after acquiring an additional 762 shares in the last quarter. 55.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Inter Parfums (NASDAQ:IPAR) opened at $43.90 on Monday. The company has a market capitalization of $1,368.45, a price-to-earnings ratio of 33.01, a P/E/G ratio of 2.76 and a beta of 1.80. Inter Parfums has a 12 month low of $29.40 and a 12 month high of $46.80. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.45 and a current ratio of 3.36.
The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.55%. The ex-dividend date was Thursday, September 28th. Inter Parfums’s dividend payout ratio is 52.31%.
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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