Analysts expect that Inter Parfums, Inc. (NASDAQ:IPAR) will announce $156.80 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Inter Parfums’ earnings, with estimates ranging from $154.60 million to $158.99 million. Inter Parfums posted sales of $149.37 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 5%. The business is expected to announce its next quarterly earnings results on Tuesday, August 6th.
On average, analysts expect that Inter Parfums will report full-year sales of $712.75 million for the current financial year, with estimates ranging from $709.89 million to $716.90 million. For the next financial year, analysts anticipate that the company will post sales of $767.83 million, with estimates ranging from $757.10 million to $776.20 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Inter Parfums.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Monday, May 6th. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.57 by $0.03. The business had revenue of $178.20 million during the quarter, compared to analysts’ expectations of $188.27 million. Inter Parfums had a net margin of 8.32% and a return on equity of 9.69%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.51 earnings per share.
Inter Parfums stock traded down $0.10 during trading hours on Tuesday, hitting $68.22. The stock had a trading volume of 5,760 shares, compared to its average volume of 99,423. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.20 and a current ratio of 3.10. The stock has a market capitalization of $2.17 billion, a PE ratio of 39.90, a price-to-earnings-growth ratio of 2.99 and a beta of 0.88. Inter Parfums has a 12-month low of $50.40 and a 12-month high of $80.99.
The firm also recently announced a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a dividend of $0.275 per share. The ex-dividend date is Thursday, June 27th. This represents a $1.10 annualized dividend and a yield of 1.61%. Inter Parfums’s dividend payout ratio (DPR) is presently 64.33%.
In other Inter Parfums news, CFO Russell Greenberg sold 567 shares of Inter Parfums stock in a transaction on Friday, March 8th. The shares were sold at an average price of $79.02, for a total transaction of $44,804.34. Following the sale, the chief financial officer now owns 2,500 shares of the company’s stock, valued at approximately $197,550. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 45.00% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. Quadrant Capital Group LLC boosted its position in shares of Inter Parfums by 1,084.4% during the 1st quarter. Quadrant Capital Group LLC now owns 379 shares of the company’s stock valued at $28,000 after acquiring an additional 347 shares during the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Inter Parfums during the 1st quarter valued at about $42,000. Quantamental Technologies LLC acquired a new position in shares of Inter Parfums during the 4th quarter valued at about $105,000. Marshall Wace North America L.P. purchased a new stake in Inter Parfums in the 1st quarter valued at about $136,000. Finally, LS Investment Advisors LLC raised its holdings in Inter Parfums by 60.7% in the 4th quarter. LS Investment Advisors LLC now owns 2,133 shares of the company’s stock valued at $140,000 after buying an additional 806 shares during the period. 55.81% of the stock is currently owned by hedge funds and other institutional investors.
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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