Inter Parfums, Inc. (NASDAQ:IPAR) – Analysts at Jefferies Group lowered their Q1 2018 earnings per share estimates for Inter Parfums in a research report issued to clients and investors on Monday. Jefferies Group analyst S. Wissink now expects that the company will earn $0.48 per share for the quarter, down from their prior estimate of $0.50. Jefferies Group also issued estimates for Inter Parfums’ Q4 2018 earnings at $0.17 EPS, Q2 2019 earnings at $0.28 EPS and Q3 2019 earnings at $0.56 EPS.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05. The business 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 company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.52 earnings per share.
Several other equities analysts also recently issued reports on IPAR. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 price objective on the stock in a research note on Thursday, July 20th. BidaskClub raised shares of Inter Parfums from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. DA Davidson reissued a “buy” rating and set a $45.00 price objective (up previously from $44.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Finally, Citigroup Inc. reissued a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $44.00.
Shares of Inter Parfums (NASDAQ IPAR) traded up $0.10 on Thursday, hitting $42.00. 71,000 shares of the company traded hands, compared to its average volume of 83,315. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $1,306.72, a P/E ratio of 30.81, a price-to-earnings-growth ratio of 2.64 and a beta of 1.80. Inter Parfums has a fifty-two week low of $30.98 and a fifty-two week high of $46.80.
A number of large investors have recently bought and sold shares of the business. Allianz Asset Management GmbH purchased a new position in Inter Parfums during the third quarter worth approximately $268,000. Stifel Financial Corp increased its position in shares of Inter Parfums by 6.8% in the third quarter. Stifel Financial Corp now owns 395,782 shares of the company’s stock worth $16,335,000 after acquiring an additional 25,347 shares in the last quarter. OxFORD Asset Management LLP acquired a new stake in shares of Inter Parfums in the third quarter worth $904,000. Dimensional Fund Advisors LP increased its position in shares of Inter Parfums by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,424,957 shares of the company’s stock worth $58,780,000 after acquiring an additional 33,230 shares in the last quarter. Finally, Campbell & CO Investment Adviser LLC acquired a new stake in shares of Inter Parfums in the third quarter worth $218,000. 55.43% of the stock is currently owned by institutional investors.
In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of the stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Patrick Choel sold 750 shares of the stock in a transaction that occurred on Monday, October 2nd. The stock was 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. In the last ninety days, insiders have sold 9,250 shares of company stock worth $382,733. 45.40% of the stock is currently owned by insiders.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a yield of 2.00%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio (DPR) 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.
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.