Stay Cool with Active Stock: Inter Parfums, Inc. (NASDAQ: IPAR)

On 17 Dec 2019, Inter Parfums, Inc. (NASDAQ: IPAR) changed -0.69% to recent value of $70.93. The stock transacted 80277 shares during most recent day however it has an average volume of 99.5K shares. It spotted trading -12.86% off 52-week high price. On the other end, the stock has been noted 21.85% away from the low price over the last 52-weeks.

Inter Parfums, Inc. (IPAR) recently stated results for the third quarter ended September 30, 2019. Of note, the average dollar/euro exchange rate for the 2019 third quarter is 1.11 contrast to 1.16 in the third quarter of 2018, and 1.12 and 1.19 for the nine months ended September 30, 2019 and 2018, respectively.

Third Quarter 2019 Contrast to Third Quarter 2018:

Net sales were $191.2M, up 7.9% from $177.2M; at comparable foreign currency exchange rates, net sales increased 9.7%;

Net sales by European based operations rose 4.2% to $143.6M from $137.8M;

Net sales by U.S. based operations rose 20.7% to $47.6M from $39.4M;

Gross margin was 59.8% contrast to 61.6%;

S,G&A expenses as a percentage of net sales were 40.7% contrast to 41.9%;

Operating income increased 4.8% to $36.6M from $35.0M;

Operating margin was 19.2% contrast to 19.7%;

The effective income tax rate was 27.4% contrast to 28.6%;

Net income attributable to Inter Parfums, Inc. increased 10.1% to $20.8M from $18.9M; and,

Net income attributable to Inter Parfums, Inc. per diluted share rose 10.0% to $0.66 from $0.60.

Thus, through the first nine months of 2019, net sales increased 7.5% to $535.7M, as contrast to $498.3M for the corresponding period of the previous year. At comparable foreign currency exchange rates, net sales increased 10.2% for the period. Net income attributable to Inter Parfums, Inc. rose to $52.1M, a raise of 13.8% contrast to $45.7M in the same period last year, while net income attributable to Inter Parfums, Inc. per diluted share rose 13.1% to $1.64 from $1.45.

Guidance

Mr. Greenberg added, “As a result of the strength of the U.S. dollar throughout 2019, as contrast to 2018, we are maintaining our 2019 net sales guidance at about $712M. However, based upon improved controls over expenses and greater leverage of our fixed expenses, we are raising our earnings guidance from $1.88 per diluted share to $1.90 per diluted share. Guidance assumes the dollar remains at current levels. As before stated, we will issue initial 2020 guidance after the market closes on November 20, 2019.”

Dividend Increased by 20%

The Board of Directors of Inter Parfums, Inc. authorized a 20% increase in the yearly dividend to $1.32 per share. The next quarterly cash dividend of $0.33 per share is payable on January 15, 2020 to shareholders of record on December 31, 2019.

IPAR has a gross margin of 55.50% and an operating margin of 14.40% while its profit margin remained 8.40% for the last 12 months. Its earnings per share (EPS) expected to touch remained 25.10% for this year while earning per share for the next 5-years is expected to reach at 12.00%.  The company has 31.7M of outstanding shares and 17.54M shares were floated in the market. According to the most recent quarter its current ratio was 3.2 that represents company’s ability to meet its current financial obligations. The price moved ahead of -0.95% from the mean of 20 days, -2.98% from mean of 50 days SMA and performed 1.00% from mean of 200 days price. Company’s performance for the week was -1.73%, -5.97% for month and YTD performance remained 8.17%.

 

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