Inter Parfums, Inc. (NASDAQ:IPAR) – Jefferies Financial Group upped their Q4 2018 earnings per share (EPS) estimates for shares of Inter Parfums in a research report issued on Tuesday, November 6th. Jefferies Financial Group analyst S. Wissink now anticipates that the company will post earnings per share of $0.16 for the quarter, up from their previous forecast of $0.14. Jefferies Financial Group has a “Hold” rating and a $60.00 price target on the stock. Jefferies Financial Group also issued estimates for Inter Parfums’ Q1 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.23 EPS.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $177.21 million for the quarter, compared to analysts’ expectations of $181.14 million. Inter Parfums had a return on equity of 8.60% and a net margin of 7.74%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share.
Shares of IPAR opened at $60.50 on Friday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 45.49, a P/E/G ratio of 3.12 and a beta of 1.30. Inter Parfums has a 12 month low of $41.30 and a 12 month high of $67.50. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.18 and a current ratio of 3.36.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Northern Trust Corp raised its stake in Inter Parfums by 1.5% during the second quarter. Northern Trust Corp now owns 748,289 shares of the company’s stock valued at $40,033,000 after buying an additional 11,396 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Inter Parfums by 7.1% during the second quarter. Bank of New York Mellon Corp now owns 478,231 shares of the company’s stock valued at $25,585,000 after buying an additional 31,499 shares in the last quarter. Cortina Asset Management LLC raised its stake in Inter Parfums by 36.9% during the second quarter. Cortina Asset Management LLC now owns 458,351 shares of the company’s stock valued at $24,522,000 after buying an additional 123,582 shares in the last quarter. Fort Pitt Capital Group LLC raised its stake in Inter Parfums by 20.0% during the second quarter. Fort Pitt Capital Group LLC now owns 458,223 shares of the company’s stock valued at $24,515,000 after buying an additional 76,327 shares in the last quarter. Finally, Granite Investment Partners LLC raised its stake in Inter Parfums by 4.0% during the third quarter. Granite Investment Partners LLC now owns 287,724 shares of the company’s stock valued at $18,544,000 after buying an additional 11,067 shares in the last quarter. Hedge funds and other institutional investors own 56.37% of the company’s stock.
In other Inter Parfums news, CFO Russell Greenberg sold 1,059 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $66.50, for a total transaction of $70,423.50. Following the sale, the chief financial officer now owns 44 shares in the company, valued at $2,926. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Pelayo Frederic Garcia sold 3,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $65.20, for a total value of $234,720.00. Following the sale, the insider now owns 1,000 shares in the company, valued at approximately $65,200. The disclosure for this sale can be found here. Insiders own 45.00% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.275 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.21. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 1.82%. Inter Parfums’s payout ratio is 63.16%.
Inter Parfums Company Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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