Brokerages Anticipate Inter Parfums, Inc. (NASDAQ:IPAR) to Post $0.26 EPS

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Wall Street brokerages expect that Inter Parfums, Inc. (NASDAQ:IPAR) will post $0.26 earnings per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Inter Parfums’ earnings. The highest EPS estimate is $0.26 and the lowest is $0.25. Inter Parfums also posted earnings of $0.26 per share during the same quarter last year. The business is scheduled to report its next quarterly earnings report on Monday, March 2nd.

According to Zacks, analysts expect that Inter Parfums will report full-year earnings of $1.90 per share for the current fiscal year, with EPS estimates ranging from $1.89 to $1.90. For the next financial year, analysts expect that the firm will post earnings of $2.04 per share, with EPS estimates ranging from $1.99 to $2.15. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for Inter Parfums.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, November 5th. The company reported $0.66 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.01). Inter Parfums had a return on equity of 10.15% and a net margin of 8.43%. The firm had revenue of $191.20 million during the quarter, compared to analysts’ expectations of $191.18 million. During the same quarter last year, the business earned $0.60 EPS. The business’s revenue was up 7.9% on a year-over-year basis.

A number of research analysts have recently weighed in on the company. BidaskClub raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Tuesday, December 3rd. Zacks Investment Research downgraded Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, September 25th. Finally, DA Davidson dropped their target price on Inter Parfums from $82.00 to $76.00 and set a “neutral” rating on the stock in a research report on Thursday, November 21st. Six analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $75.80.

In related news, CFO Russell Greenberg sold 4,433 shares of the firm’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $68.14, for a total transaction of $302,064.62. Following the completion of the transaction, the chief financial officer now owns 4,433 shares of the company’s stock, valued at $302,064.62. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In the last three months, insiders have sold 11,933 shares of company stock valued at $824,315. 44.60% of the stock is currently owned by corporate insiders.

Large investors have recently bought and sold shares of the business. Point72 Hong Kong Ltd grew its position in Inter Parfums by 97.6% during the 2nd quarter. Point72 Hong Kong Ltd now owns 737 shares of the company’s stock worth $49,000 after purchasing an additional 364 shares during the period. Krane Funds Advisors LLC purchased a new position in shares of Inter Parfums during the 2nd quarter valued at about $57,000. Smith Asset Management Group LP acquired a new position in shares of Inter Parfums in the 2nd quarter valued at about $174,000. M&T Bank Corp lifted its holdings in shares of Inter Parfums by 10.9% in the 2nd quarter. M&T Bank Corp now owns 3,147 shares of the company’s stock valued at $210,000 after buying an additional 310 shares during the period. Finally, Schroder Investment Management Group acquired a new position in shares of Inter Parfums in the 2nd quarter valued at about $213,000. 55.66% of the stock is currently owned by institutional investors.

Inter Parfums stock traded up $1.26 during trading hours on Tuesday, hitting $72.82. 80,010 shares of the stock traded hands, compared to its average volume of 121,322. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.24 and a quick ratio of 2.24. The firm’s 50 day moving average price is $73.69 and its 200-day moving average price is $68.52. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 37.47, a P/E/G ratio of 3.01 and a beta of 0.86. Inter Parfums has a 1 year low of $58.21 and a 1 year high of $81.40.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.33 dividend. The ex-dividend date of this dividend is Monday, December 30th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.81%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.28. Inter Parfums’s dividend payout ratio is presently 64.33%.

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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