Analysts predict that Inter Parfums, Inc. (NASDAQ:IPAR) will announce $0.37 earnings per share (EPS) for the current quarter, Zacks reports. Four analysts have made estimates for Inter Parfums’ earnings. The lowest EPS estimate is $0.35 and the highest is $0.41. Inter Parfums posted earnings per share of $0.35 in the same quarter last year, which indicates a positive year over year growth rate of 5.7%. The company is expected to announce its next quarterly earnings report on Tuesday, August 6th.
On average, analysts expect that Inter Parfums will report full year earnings of $1.89 per share for the current financial year, with EPS estimates ranging from $1.87 to $1.90. For the next financial year, analysts forecast that the firm will post earnings of $2.19 per share, with EPS estimates ranging from $2.12 to $2.30. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, May 6th. The company reported $0.60 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.03. Inter Parfums had a net margin of 8.32% and a return on equity of 9.69%. The business had revenue of $178.20 million during the quarter, compared to analysts’ expectations of $188.27 million. During the same quarter in the prior year, the company posted $0.51 earnings per share. The firm’s revenue was up 3.7% on a year-over-year basis.
Shares of IPAR opened at $66.49 on Wednesday. Inter Parfums has a 12 month low of $52.90 and a 12 month high of $80.99. The stock’s fifty day simple moving average is $66.81. The firm has a market capitalization of $2.09 billion, a PE ratio of 38.88, a price-to-earnings-growth ratio of 2.77 and a beta of 0.99. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.10 and a quick ratio of 2.20.
The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 27th. Inter Parfums’s dividend payout ratio (DPR) is currently 64.33%.
In related news, CEO Jean Madar sold 1,623 shares of the business’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $67.01, for a total value of $108,757.23. Following the transaction, the chief executive officer now directly owns 77,007 shares of the company’s stock, valued at approximately $5,160,239.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 58,946 shares of company stock worth $3,959,128 over the last three months. 45.00% of the stock is owned by insiders.
Large investors have recently modified their holdings of the stock. Northern Trust Corp increased its position in shares of Inter Parfums by 2.1% in the fourth quarter. Northern Trust Corp now owns 735,302 shares of the company’s stock worth $48,214,000 after purchasing an additional 15,055 shares during the last quarter. Ranger Investment Management L.P. boosted its holdings in Inter Parfums by 2.3% in the fourth quarter. Ranger Investment Management L.P. now owns 725,889 shares of the company’s stock valued at $47,597,000 after purchasing an additional 16,063 shares during the period. Royce & Associates LP boosted its holdings in Inter Parfums by 6.6% in the fourth quarter. Royce & Associates LP now owns 410,756 shares of the company’s stock valued at $26,933,000 after purchasing an additional 25,412 shares during the period. Granite Investment Partners LLC boosted its holdings in Inter Parfums by 14.1% in the first quarter. Granite Investment Partners LLC now owns 304,011 shares of the company’s stock valued at $23,065,000 after purchasing an additional 37,660 shares during the period. Finally, Stifel Financial Corp boosted its holdings in Inter Parfums by 40.0% in the fourth quarter. Stifel Financial Corp now owns 291,448 shares of the company’s stock valued at $19,112,000 after purchasing an additional 83,257 shares during the period. 54.72% of the stock is currently owned by institutional investors.
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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