Inter Parfums (NASDAQ:IPAR) Issues Quarterly Earnings Results

Inter Parfums (NASDAQ:IPAR) released its quarterly earnings data on Monday. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01, Briefing.com reports. Inter Parfums had a return on equity of 9.69% and a net margin of 8.32%. The company had revenue of $166.20 million for the quarter, compared to analyst estimates of $166.20 million. During the same period last year, the company posted $0.35 earnings per share. The firm’s revenue was up 11.2% compared to the same quarter last year. Inter Parfums updated its FY 2019 guidance to $1.88-1.88 EPS and its FY19 guidance to $1.88 EPS.

Shares of Inter Parfums stock traded up $1.85 during trading hours on Tuesday, hitting $67.11. 6,726 shares of the company’s stock traded hands, compared to its average volume of 93,237. The stock has a 50 day moving average of $66.42. 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 cap of $2.14 billion, a P/E ratio of 39.37, a PEG ratio of 2.95 and a beta of 0.92. Inter Parfums has a twelve month low of $54.22 and a twelve month high of $80.99.

In related news, CEO Jean Madar sold 4,523 shares of Inter Parfums stock in a transaction dated Monday, June 17th. The stock was sold at an average price of $67.05, for a total value of $303,267.15. Following the completion of the transaction, the chief executive officer now directly owns 77,007 shares in the company, valued at $5,163,319.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 58,946 shares of company stock valued at $3,959,128 over the last 90 days. Insiders own 44.60% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its holdings in Inter Parfums by 1,084.4% in the first quarter. Quadrant Capital Group LLC now owns 379 shares of the company’s stock worth $28,000 after acquiring an additional 347 shares during the last quarter. CENTRAL TRUST Co bought a new position in Inter Parfums in the second quarter worth about $48,000. Marshall Wace North America L.P. bought a new position in Inter Parfums in the first quarter worth about $136,000. Huntington National Bank lifted its holdings in Inter Parfums by 13.4% in the second quarter. Huntington National Bank now owns 2,193 shares of the company’s stock worth $146,000 after acquiring an additional 259 shares during the last quarter. Finally, Quantamental Technologies LLC lifted its holdings in Inter Parfums by 36.8% in the first quarter. Quantamental Technologies LLC now owns 2,188 shares of the company’s stock worth $166,000 after acquiring an additional 588 shares during the last quarter. Institutional investors and hedge funds own 54.56% of the company’s stock.

IPAR has been the topic of several research reports. ValuEngine lowered Inter Parfums from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research report on Tuesday, July 30th. BidaskClub lowered Inter Parfums from a “sell” rating to a “strong sell” rating in a research report on Tuesday, June 11th. Finally, DA Davidson raised Inter Parfums from a “neutral” rating to a “buy” rating and set a $78.00 price objective on the stock in a research report on Monday, June 10th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Inter Parfums has an average rating of “Hold” and a consensus target price of $73.50.

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 for Inter Parfums (NASDAQ:IPAR)

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