Inter Parfums, Inc. (NASDAQ:IPAR) – Analysts at Jefferies Group lifted their FY2018 earnings per share (EPS) estimates for Inter Parfums in a note issued to investors on Thursday. Jefferies Group analyst S. Wissink now expects that the company will earn $1.46 per share for the year, up from their prior forecast of $1.43. Jefferies Group also issued estimates for Inter Parfums’ Q1 2019 earnings at $0.55 EPS, Q2 2019 earnings at $0.29 EPS, Q3 2019 earnings at $0.55 EPS and FY2019 earnings at $1.61 EPS.
Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The firm had revenue of $169.50 million for the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The business’s quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share.
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Several other equities analysts also recently commented on IPAR. DA Davidson reissued a “buy” rating and set a $45.00 target price (up from $44.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the company a “buy” rating in a report on Monday, October 16th. Citigroup Inc. restated a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Inter Parfums in a report on Thursday, August 10th. Finally, Sidoti cut shares of Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Inter Parfums currently has an average rating of “Buy” and an average target price of $44.50.
Inter Parfums (NASDAQ:IPAR) traded down $0.05 during trading on Monday, reaching $43.20. 63,400 shares of the company’s stock traded hands, compared to its average volume of 83,364. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. The firm has a market capitalization of $1,348.83, a P/E ratio of 31.80, a price-to-earnings-growth ratio of 2.73 and a beta of 1.80. Inter Parfums has a 52-week low of $30.45 and a 52-week high of $46.80.
The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. Inter Parfums’s dividend payout ratio is 51.13%.
In related news, Director Patrick Choel sold 750 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Torres Robert Bensoussan sold 6,000 shares of the stock in a transaction dated Thursday, October 12th. The shares were 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. Insiders have sold 9,250 shares of company stock valued at $382,733 over the last 90 days. Corporate insiders own 45.40% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPAR. Atlanta Capital Management Co. L L C lifted its stake in shares of Inter Parfums by 14.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock valued at $42,825,000 after buying an additional 143,072 shares during the period. Systematic Financial Management LP lifted its stake in shares of Inter Parfums by 227.9% in the second quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock valued at $6,536,000 after buying an additional 123,954 shares during the period. Royce & Associates LP lifted its stake in shares of Inter Parfums by 20.4% in the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock valued at $21,999,000 after buying an additional 101,565 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Inter Parfums by 37.1% in the second quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock valued at $12,597,000 after buying an additional 93,100 shares during the period. Finally, Fort Pitt Capital Group LLC lifted its stake in shares of Inter Parfums by 31.6% in the second quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock valued at $14,183,000 after buying an additional 92,965 shares during the period. Institutional investors and hedge funds own 55.43% of the company’s stock.
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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