Wall Street analysts predict that Inter Parfums, Inc. (NASDAQ:IPAR) will post $183.81 million in sales for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Inter Parfums’ earnings. The highest sales estimate is $187.84 million and the lowest is $182.10 million. Inter Parfums posted sales of $169.53 million in the same quarter last year, which would indicate a positive year over year growth rate of 8.4%. The firm is scheduled to announce its next earnings report on Wednesday, November 14th.

According to Zacks, analysts expect that Inter Parfums will report full year sales of $669.43 million for the current year, with estimates ranging from $665.00 million to $675.00 million. For the next year, analysts forecast that the company will post sales of $734.00 million per share, with estimates ranging from $729.70 million to $736.30 million. Zacks’ sales averages are a mean average based on a survey of analysts that that provide coverage for Inter Parfums.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, August 7th. The company reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.09. Inter Parfums had a net margin of 7.54% and a return on equity of 8.37%. The firm had revenue of $149.37 million during the quarter, compared to analysts’ expectations of $149.42 million.

Several equities analysts recently issued reports on IPAR shares. BidaskClub cut shares of Inter Parfums from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, September 11th. DA Davidson boosted their target price on shares of Inter Parfums to $72.00 and gave the company a “buy” rating in a research note on Friday, August 10th. ValuEngine upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research note on Saturday, June 2nd. BWS Financial boosted their target price on shares of Inter Parfums to $75.00 and gave the company a “buy” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Thursday, June 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Inter Parfums currently has a consensus rating of “Hold” and an average target price of $62.00.

In other Inter Parfums news, insider Pelayo Frederic Garcia sold 3,600 shares of the company’s stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $65.20, for a total transaction of $234,720.00. Following the completion of the transaction, the insider now directly owns 1,000 shares in the company, valued at $65,200. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Russell Greenberg sold 1,059 shares of the company’s stock in a transaction on Tuesday, August 28th. The stock was sold at an average price of $66.50, for a total transaction of $70,423.50. Following the transaction, the chief financial officer now owns 44 shares of the company’s stock, valued at $2,926. The disclosure for this sale can be found here. Insiders have sold 8,259 shares of company stock valued at $38,188,304 over the last 90 days. 45.00% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of Inter Parfums by 15.9% during the second quarter. Victory Capital Management Inc. now owns 7,609 shares of the company’s stock worth $407,000 after buying an additional 1,045 shares in the last quarter. Granite Investment Partners LLC grew its holdings in shares of Inter Parfums by 0.5% during the second quarter. Granite Investment Partners LLC now owns 276,657 shares of the company’s stock worth $14,801,000 after buying an additional 1,312 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Inter Parfums by 58.6% during the second quarter. SG Americas Securities LLC now owns 4,002 shares of the company’s stock worth $214,000 after buying an additional 1,478 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Inter Parfums by 22.1% during the first quarter. New York State Teachers Retirement System now owns 9,375 shares of the company’s stock worth $442,000 after buying an additional 1,700 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in shares of Inter Parfums by 5.3% during the first quarter. California Public Employees Retirement System now owns 34,214 shares of the company’s stock worth $1,613,000 after buying an additional 1,714 shares in the last quarter. Institutional investors own 56.48% of the company’s stock.

Shares of IPAR traded up $1.45 during trading hours on Thursday, hitting $64.70. The stock had a trading volume of 152,308 shares, compared to its average volume of 103,731. The company has a debt-to-equity ratio of 0.06, a current ratio of 3.17 and a quick ratio of 2.18. Inter Parfums has a fifty-two week low of $39.10 and a fifty-two week high of $67.50. The stock has a market cap of $1.98 billion, a P/E ratio of 48.08, a P/E/G ratio of 3.24 and a beta of 1.43.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date is Thursday, September 27th. Inter Parfums’s dividend payout ratio is presently 63.16%.

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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Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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