Inter Parfums, Inc. to Post Q4 2017 Earnings of $0.11 Per Share, DA Davidson Forecasts (IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Analysts at DA Davidson decreased their Q4 2017 earnings estimates for shares of Inter Parfums in a research note issued to investors on Friday. DA Davidson analyst L. Weiser now forecasts that the company will post earnings of $0.11 per share for the quarter, down from their prior estimate of $0.13. DA Davidson currently has a “Neutral” rating and a $49.00 price target on the stock. DA Davidson also issued estimates for Inter Parfums’ Q1 2018 earnings at $0.48 EPS and Q3 2018 earnings at $0.59 EPS.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The business had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.52 earnings per share.

ILLEGAL ACTIVITY NOTICE: “Inter Parfums, Inc. to Post Q4 2017 Earnings of $0.11 Per Share, DA Davidson Forecasts (IPAR)” was published by Transcript Daily and is the sole property of of Transcript Daily. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://transcriptdaily.com/2017/11/14/inter-parfums-inc-to-post-q4-2017-earnings-of-0-11-per-share-da-davidson-forecasts-ipar.html.

A number of other brokerages have also recently commented on IPAR. KeyCorp set a $44.00 target price on shares of Inter Parfums and gave the company a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Friday, September 1st. BidaskClub upgraded shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Citigroup Inc. reiterated a “buy” rating and issued a $45.00 target price (up from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Finally, Sidoti cut shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Inter Parfums has a consensus rating of “Buy” and an average target price of $44.50.

Shares of Inter Parfums (IPAR) opened at $43.20 on Monday. The company has a market cap of $1,348.83, a PE ratio of 31.80, a PEG ratio of 2.73 and a beta of 1.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. Inter Parfums has a 12-month low of $30.45 and a 12-month high of $46.80.

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC purchased a new stake in shares of Inter Parfums in the first quarter valued at about $107,000. Acrospire Investment Management LLC grew its holdings in shares of Inter Parfums by 68.9% in the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after purchasing an additional 1,296 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Inter Parfums by 78.8% in the second quarter. State of Alaska Department of Revenue now owns 3,380 shares of the company’s stock valued at $123,000 after purchasing an additional 1,490 shares during the period. Huntington National Bank grew its holdings in shares of Inter Parfums by 17.6% in the second quarter. Huntington National Bank now owns 3,569 shares of the company’s stock valued at $131,000 after purchasing an additional 535 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of Inter Parfums by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after purchasing an additional 614 shares during the period. 55.43% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total value of $252,540.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Patrick Choel sold 750 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total transaction of $31,192.50. The disclosure for this sale can be found here. Insiders sold 9,250 shares of company stock valued at $382,733 in the last three months. 45.40% of the stock is currently owned by insiders.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio is currently 51.13%.

About Inter Parfums

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.

Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

Receive News & Ratings for Inter Parfums Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply