Inter Parfums, Inc. (NASDAQ:IPAR) – Equities researchers at DA Davidson decreased their Q2 2017 earnings per share (EPS) estimates for shares of Inter Parfums in a report released on Thursday. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $0.18 for the quarter, down from their previous estimate of $0.19. DA Davidson has a “Buy” rating and a $44.00 price target on the stock. DA Davidson also issued estimates for Inter Parfums’ Q3 2017 earnings at $0.50 EPS and Q4 2017 earnings at $0.13 EPS.
IPAR has been the topic of several other research reports. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research note on Monday, May 1st. B. Riley increased their price target on shares of Inter Parfums from $40.00 to $42.00 and gave the stock a “buy” rating in a research note on Wednesday, March 15th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $39.43.
Shares of Inter Parfums (NASDAQ:IPAR) opened at 37.35 on Friday. The stock’s 50 day moving average is $36.39 and its 200 day moving average is $34.52. The stock has a market capitalization of $1.16 billion, a PE ratio of 34.91 and a beta of 1.59. Inter Parfums has a 52 week low of $27.05 and a 52 week high of $41.70.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.06. Inter Parfums had a net margin of 6.20% and a return on equity of 6.62%. The company had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $120.05 million. During the same period in the previous year, the company earned $0.24 EPS. The business’s quarterly revenue was up 28.3% compared to the same quarter last year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.17 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.82%. Inter Parfums’s payout ratio is presently 67.33%.
In other Inter Parfums news, CFO Russell Greenberg sold 15,000 shares of the firm’s stock in a transaction on Tuesday, March 21st. The shares were sold at an average price of $37.75, for a total value of $566,250.00. Following the sale, the chief financial officer now directly owns 8,000 shares in the company, valued at approximately $302,000. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 45.50% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Inter Parfums during the first quarter valued at about $107,000. US Bancorp DE raised its stake in Inter Parfums by 45.4% in the first quarter. US Bancorp DE now owns 3,187 shares of the company’s stock valued at $116,000 after buying an additional 995 shares in the last quarter. Victory Capital Management Inc. raised its stake in Inter Parfums by 39.4% in the first quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock valued at $127,000 after buying an additional 985 shares in the last quarter. Bank of Montreal Can raised its stake in Inter Parfums by 13.0% in the first quarter. Bank of Montreal Can now owns 3,733 shares of the company’s stock valued at $137,000 after buying an additional 430 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its stake in Inter Parfums by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,790 shares of the company’s stock valued at $122,000 after buying an additional 60 shares in the last quarter. Institutional investors own 55.42% 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.