Inter Parfums, Inc. (IPAR) Expected to Announce Earnings of $0.16 Per Share

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Analysts expect Inter Parfums, Inc. (NASDAQ:IPAR) to post $0.16 earnings per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Inter Parfums’ earnings. The highest EPS estimate is $0.16 and the lowest is $0.15. Inter Parfums posted earnings per share of $0.14 during the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The company is scheduled to announce its next earnings results on Tuesday, March 12th.

According to Zacks, analysts expect that Inter Parfums will report full-year earnings of $1.61 per share for the current fiscal year, with EPS estimates ranging from $1.61 to $1.62. For the next financial year, analysts forecast that the firm will report earnings of $1.88 per share, with EPS estimates ranging from $1.81 to $1.97. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Inter Parfums.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.58 by $0.02. Inter Parfums had a net margin of 7.74% and a return on equity of 8.60%. The firm had revenue of $177.21 million during the quarter, compared to the consensus estimate of $181.14 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The company’s revenue for the quarter was up 4.5% on a year-over-year basis.

IPAR has been the subject of several research analyst reports. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research report on Thursday, July 19th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $68.00 price target for the company in a research report on Saturday, October 27th. DA Davidson reduced their price target on shares of Inter Parfums from $75.00 to $72.00 and set a “buy” rating for the company in a research report on Tuesday. Citigroup upped their price target on shares of Inter Parfums from $50.00 to $66.00 and gave the stock a “neutral” rating in a research report on Thursday, August 9th. Finally, BWS Financial upped their price target on shares of Inter Parfums from $56.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday, July 25th. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $67.80.

In other Inter Parfums news, insider Pelayo Frederic Garcia sold 3,600 shares of the stock in a transaction dated Tuesday, September 4th. The shares were sold at an average price of $65.20, for a total value of $234,720.00. Following the completion of the sale, the insider now owns 1,000 shares in the company, valued at approximately $65,200. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Russell Greenberg sold 1,059 shares of the stock in a transaction dated Tuesday, August 28th. The shares were sold at an average price of $66.50, for a total transaction of $70,423.50. Following the completion of the sale, the chief financial officer now owns 44 shares of the company’s stock, valued at approximately $2,926. The disclosure for this sale can be found here. 45.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. Cortina Asset Management LLC grew its stake in shares of Inter Parfums by 36.9% in the 2nd quarter. Cortina Asset Management LLC now owns 458,351 shares of the company’s stock valued at $24,522,000 after buying an additional 123,582 shares during the period. Acadian Asset Management LLC grew its stake in shares of Inter Parfums by 133.1% in the 2nd quarter. Acadian Asset Management LLC now owns 180,051 shares of the company’s stock valued at $9,632,000 after buying an additional 102,817 shares during the period. Fort Pitt Capital Group LLC grew its stake in shares of Inter Parfums by 20.0% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 458,223 shares of the company’s stock valued at $24,515,000 after buying an additional 76,327 shares during the period. TD Asset Management Inc. purchased a new stake in shares of Inter Parfums in the 2nd quarter valued at approximately $3,542,000. Finally, First Trust Advisors LP grew its stake in shares of Inter Parfums by 798.3% in the 2nd quarter. First Trust Advisors LP now owns 74,228 shares of the company’s stock valued at $3,971,000 after buying an additional 65,965 shares during the period. Institutional investors own 56.30% of the company’s stock.

Shares of IPAR traded up $1.05 during mid-day trading on Friday, hitting $58.95. 32,310 shares of the company were exchanged, compared to its average volume of 79,830. Inter Parfums has a 1-year low of $41.30 and a 1-year high of $67.50. The company has a quick ratio of 2.37, a current ratio of 3.36 and a debt-to-equity ratio of 0.05. The company has a market cap of $1.93 billion, a PE ratio of 44.32, a price-to-earnings-growth ratio of 3.12 and a beta of 1.30.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be issued a $0.275 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, December 28th. This represents a $1.10 dividend on an annualized basis and a yield of 1.87%. Inter Parfums’s dividend payout ratio is presently 63.16%.

About Inter Parfums

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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