Inter Parfums, Inc. (NASDAQ:IPAR) – Analysts at DA Davidson upped their Q3 2017 EPS estimates for shares of Inter Parfums in a report released on Thursday, according to Zacks Investment Research. DA Davidson analyst L. Weiser now expects that the company will earn $0.53 per share for the quarter, up from their previous estimate of $0.49. DA Davidson currently has a “Neutral” rating and a $49.00 target price on the stock. DA Davidson also issued estimates for Inter Parfums’ FY2017 earnings at $1.31 EPS, Q1 2018 earnings at $0.47 EPS, Q2 2018 earnings at $0.26 EPS, Q3 2018 earnings at $0.60 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $1.48 EPS and FY2019 earnings at $1.65 EPS.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The company had revenue of $169.50 million for the quarter, compared to analysts’ expectations of $160.52 million. During the same quarter in the previous year, the business posted $0.52 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. ILLEGAL ACTIVITY WARNING: “Inter Parfums, Inc. Expected to Post Q3 2017 Earnings of $0.53 Per Share (IPAR)” was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece of content on another website, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The original version of this piece of content can be read at https://stocknewstimes.com/2017/11/11/inter-parfums-inc-ipar-expected-to-earn-q3-2017-earnings-of-0-53-per-share.html.
Several other equities analysts have also recently weighed in on the company. Sidoti cut Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Thursday, October 26th. KeyCorp set a $44.00 target price on Inter Parfums and gave the company a “buy” rating in a research note on Monday, October 16th. Finally, BidaskClub raised Inter Parfums from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Inter Parfums presently has an average rating of “Buy” and an average price target of $44.50.
Inter Parfums (NASDAQ IPAR) traded down $0.05 during trading hours on Friday, reaching $43.25. The company’s stock had a trading volume of 63,600 shares, compared to its average volume of 83,456. The company has a current ratio of 3.39, a quick ratio of 2.45 and a debt-to-equity ratio of 0.07. Inter Parfums has a 52 week low of $30.45 and a 52 week high of $46.80. The stock has a market cap of $1,350.39, a PE ratio of 31.84, a PEG ratio of 2.74 and a beta of 1.80.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.21 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. Inter Parfums’s payout ratio is presently 51.13%.
In other Inter Parfums news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $39.10, for a total transaction of $97,750.00. Following the completion of the sale, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $215,050. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Patrick Choel sold 750 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. In the last three months, insiders sold 11,750 shares of company stock valued at $480,483. 45.40% of the stock is currently owned by company insiders.
A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in Inter Parfums by 2.5% during the second quarter. Vanguard Group Inc. now owns 1,689,917 shares of the company’s stock worth $61,935,000 after purchasing an additional 41,384 shares during the period. Dimensional Fund Advisors LP boosted its position in Inter Parfums by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,391,727 shares of the company’s stock worth $51,007,000 after purchasing an additional 16,317 shares during the period. Atlanta Capital Management Co. L L C boosted its position in Inter Parfums by 14.0% during the second quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after purchasing an additional 143,072 shares during the period. Northern Trust Corp boosted its position in Inter Parfums by 0.5% during the second quarter. Northern Trust Corp now owns 748,819 shares of the company’s stock worth $27,446,000 after purchasing an additional 3,655 shares during the period. Finally, Royce & Associates LP lifted its holdings in shares of Inter Parfums by 20.4% during the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock worth $21,999,000 after buying an additional 101,565 shares during the last quarter. 55.87% of the stock is owned by hedge funds and other institutional investors.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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