Inter Parfums (IPAR) Scheduled to Post Earnings on Tuesday

Inter Parfums (NASDAQ:IPARGet Rating) is scheduled to announce its earnings results after the market closes on Tuesday, May 10th. Analysts expect the company to announce earnings of $0.94 per share for the quarter. Inter Parfums has set its FY 2022 guidance at $3.000-$3.000 EPS and its FY22 guidance at $3.00 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Inter Parfums (NASDAQ:IPARGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($0.04) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.16) by $0.12. The firm had revenue of $210.72 million for the quarter, compared to analyst estimates of $171.25 million. Inter Parfums had a net margin of 9.94% and a return on equity of 11.92%. Inter Parfums’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $0.47 EPS. On average, analysts expect Inter Parfums to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Inter Parfums stock traded down $1.41 during midday trading on Tuesday, reaching $80.85. The company had a trading volume of 328 shares, compared to its average volume of 88,704. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.90 and a quick ratio of 2.09. The firm’s fifty day simple moving average is $85.64 and its 200-day simple moving average is $91.19. Inter Parfums has a 12-month low of $67.00 and a 12-month high of $108.35. The company has a market capitalization of $2.57 billion, a P/E ratio of 30.02 and a beta of 1.02.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.47%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Monday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is 72.99%.

In other news, CFO Philippe Santi sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 8th. The shares were sold at an average price of $98.87, for a total transaction of $197,740.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 44.50% of the company’s stock.

Several institutional investors have recently modified their holdings of IPAR. Norges Bank acquired a new position in shares of Inter Parfums during the fourth quarter worth about $17,373,000. Morgan Stanley increased its stake in shares of Inter Parfums by 178.6% during the second quarter. Morgan Stanley now owns 139,468 shares of the company’s stock worth $10,042,000 after acquiring an additional 89,404 shares during the period. Invesco Ltd. increased its stake in shares of Inter Parfums by 51.6% during the fourth quarter. Invesco Ltd. now owns 82,710 shares of the company’s stock worth $8,842,000 after acquiring an additional 28,166 shares during the period. Parametric Portfolio Associates LLC grew its position in Inter Parfums by 30.6% during the fourth quarter. Parametric Portfolio Associates LLC now owns 97,778 shares of the company’s stock worth $10,453,000 after buying an additional 22,898 shares during the period. Finally, Sei Investments Co. grew its position in Inter Parfums by 86.3% during the fourth quarter. Sei Investments Co. now owns 26,447 shares of the company’s stock worth $2,829,000 after buying an additional 12,253 shares during the period. Institutional investors and hedge funds own 57.42% of the company’s stock.

A number of research firms have weighed in on IPAR. Citigroup decreased their target price on shares of Inter Parfums from $104.00 to $99.00 and set a “neutral” rating on the stock in a research note on Thursday, March 3rd. DA Davidson restated a “buy” rating and set a $131.00 price target on shares of Inter Parfums in a report on Friday, March 4th. initiated coverage on shares of Inter Parfums in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a report on Tuesday, March 29th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Inter Parfums has an average rating of “Hold” and an average target price of $111.75.

About Inter Parfums (Get Rating)

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. 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, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

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Earnings History for Inter Parfums (NASDAQ:IPAR)

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