Inter Parfums (NASDAQ:IPAR) updated its first quarter 2021 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of – for the period. The company issued revenue guidance of $198.50 million-$198.50 million, compared to the consensus revenue estimate of $159.64 million.Inter Parfums also updated its FY 2021 guidance to 1.650-1.650 EPS.
Several brokerages have issued reports on IPAR. DA Davidson increased their target price on Inter Parfums from $77.00 to $80.00 and gave the company a neutral rating in a research report on Tuesday, April 27th. Citigroup increased their target price on Inter Parfums from $56.00 to $75.00 and gave the company a neutral rating in a research report on Tuesday, March 9th. Zacks Investment Research raised Inter Parfums from a hold rating to a strong-buy rating and set a $85.00 target price on the stock in a research report on Tuesday. Finally, BWS Financial increased their price objective on Inter Parfums from $60.00 to $80.00 and gave the company a buy rating in a report on Wednesday, January 27th. Five analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $68.67.
Shares of IPAR traded down $0.59 during midday trading on Tuesday, hitting $73.69. 759 shares of the company’s stock traded hands, compared to its average volume of 96,656. Inter Parfums has a 1 year low of $36.46 and a 1 year high of $77.84. The firm’s fifty day moving average is $72.61 and its 200-day moving average is $62.29. The company has a current ratio of 4.54, a quick ratio of 3.04 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 73.58 and a beta of 0.95.
Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Sunday, February 28th. The company reported $0.47 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.10. The company had revenue of $184.04 million during the quarter, compared to analyst estimates of $148.00 million. Inter Parfums had a return on equity of 5.12% and a net margin of 5.94%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the business posted $0.26 EPS. On average, equities research analysts anticipate that Inter Parfums will post 0.84 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Monday, March 15th were paid a dividend of $0.25 per share. The ex-dividend date was Friday, March 12th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.36%. Inter Parfums’s payout ratio is currently 52.63%.
In other news, insider Pelayo Frederic Garcia sold 2,400 shares of the business’s stock in a transaction that occurred on Wednesday, February 3rd. The stock was sold at an average price of $64.03, for a total transaction of $153,672.00. Following the transaction, the insider now directly owns 2,400 shares in the company, valued at approximately $153,672. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Russell Greenberg sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, February 4th. The stock was sold at an average price of $66.06, for a total value of $330,300.00. Following the transaction, the chief financial officer now owns 7,500 shares in the company, valued at $495,450. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,100 shares of company stock worth $819,932. 44.70% of the stock is currently owned by insiders.
About Inter Parfums
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 New York, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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