Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at KeyCorp upped their Q3 2017 earnings per share estimates for shares of Inter Parfums in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst J. Gere now anticipates that the company will post earnings per share of $0.51 for the quarter, up from their prior estimate of $0.50. KeyCorp has a “Buy” rating and a $44.00 price objective on the stock. KeyCorp also issued estimates for Inter Parfums’ FY2017 earnings at $1.30 EPS, Q1 2018 earnings at $0.45 EPS, Q3 2018 earnings at $0.58 EPS and FY2018 earnings at $1.44 EPS.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $160.52 million. During the same quarter in the previous year, the business earned $0.52 EPS. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. ILLEGAL ACTIVITY WARNING: “Inter Parfums, Inc. (NASDAQ:IPAR) to Post Q3 2017 Earnings of $0.51 Per Share, KeyCorp Forecasts” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another site, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this news story can be viewed at https://stocknewstimes.com/2017/11/11/inter-parfums-inc-ipar-to-post-q3-2017-earnings-of-0-51-per-share-keycorp-forecasts.html.
A number of other analysts have also commented on the stock. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a report on Thursday, July 20th. BidaskClub raised shares of Inter Parfums from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, DA Davidson lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $44.50.
Inter Parfums (NASDAQ:IPAR) traded down $0.05 on Thursday, reaching $43.25. 63,600 shares of the company’s stock were exchanged, compared to its average volume of 83,456. The company has a quick ratio of 2.45, a current ratio of 3.39 and a debt-to-equity ratio of 0.07. Inter Parfums has a 12-month low of $30.45 and a 12-month high of $46.80. The firm has a market cap of $1,350.39, a price-to-earnings ratio of 31.84, a PEG ratio of 2.74 and a beta of 1.80.
Large investors have recently modified their holdings of the business. Nationwide Fund Advisors lifted its position in Inter Parfums by 20.2% during the 2nd quarter. Nationwide Fund Advisors now owns 34,850 shares of the company’s stock worth $1,277,000 after buying an additional 5,856 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Inter Parfums during the 2nd quarter worth about $1,012,000. AHL Partners LLP bought a new stake in Inter Parfums during the 2nd quarter worth about $242,000. Victory Capital Management Inc. lifted its position in Inter Parfums by 39.4% during the 1st quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock worth $127,000 after buying an additional 985 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in Inter Parfums by 6.1% during the 2nd quarter. Eagle Asset Management Inc. now owns 472,085 shares of the company’s stock worth $17,301,000 after buying an additional 26,997 shares in the last quarter. 55.87% of the stock is currently owned by hedge funds and other institutional investors.
In related news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $39.10, for a total value of $97,750.00. Following the completion of the transaction, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $215,050. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,750 shares of company stock valued at $480,483. Company insiders own 45.40% of the company’s stock.
The business also recently announced 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. The ex-dividend date is Thursday, December 28th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. Inter Parfums’s dividend payout ratio is presently 51.13%.
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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