Inter Parfums, Inc. (NASDAQ:IPAR) – Jefferies Group cut their Q3 2017 earnings per share (EPS) estimates for Inter Parfums in a report issued on Tuesday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings of $0.43 per share for the quarter, down from their prior estimate of $0.52. Jefferies Group currently has a “Hold” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Inter Parfums’ Q4 2017 earnings at $0.19 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.47 EPS and Q4 2018 earnings at $0.21 EPS.
Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The business had revenue of $129.10 million during the quarter, compared to analyst estimates of $122.57 million. During the same quarter last year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 10.2% compared to the same quarter last year.
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A number of other research firms have also recently issued reports on IPAR. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a report on Monday, May 1st. DA Davidson restated a “buy” rating and set a $44.00 target price on shares of Inter Parfums in a report on Monday, May 8th. BidaskClub upgraded Inter Parfums from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Finally, Citigroup Inc. restated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Inter Parfums in a report on Thursday. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Inter Parfums currently has an average rating of “Buy” and a consensus target price of $40.43.
Shares of Inter Parfums (IPAR) opened at 39.15 on Thursday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 31.07 and a beta of 1.77. Inter Parfums has a 1-year low of $29.40 and a 1-year high of $41.70. The stock has a 50 day moving average price of $37.25 and a 200-day moving average price of $35.95.
A number of institutional investors have recently bought and sold shares of IPAR. Dubuque Bank & Trust Co. bought a new position in Inter Parfums during the first quarter valued at $139,000. Independent Portfolio Consultants Inc. raised its position in Inter Parfums by 5.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 15,565 shares of the company’s stock valued at $569,000 after buying an additional 845 shares during the period. Acadian Asset Management LLC bought a new position in Inter Parfums during the first quarter valued at $732,000. Nationwide Fund Advisors raised its position in Inter Parfums by 4.8% in the first quarter. Nationwide Fund Advisors now owns 28,994 shares of the company’s stock valued at $1,060,000 after buying an additional 1,322 shares during the period. Finally, Capital Impact Advisors LLC raised its position in Inter Parfums by 49.9% in the first quarter. Capital Impact Advisors LLC now owns 42,532 shares of the company’s stock valued at $1,555,000 after buying an additional 14,159 shares during the period. Institutional investors own 54.18% of the company’s stock.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 annualized dividend and a yield of 1.74%. Inter Parfums’s dividend payout ratio (DPR) is currently 52.31%.
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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