Q1 2018 EPS Estimates for Inter Parfums, Inc. Decreased by Jefferies Group (IPAR)

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.

ILLEGAL ACTIVITY WARNING: “Q1 2018 EPS Estimates for Inter Parfums, Inc. Decreased by Jefferies Group (IPAR)” was originally reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this story on another publication, it was copied illegally and republished in violation of United States and international copyright & trademark laws. The original version of this story can be accessed at https://transcriptdaily.com/2017/11/16/q1-2018-eps-estimates-for-inter-parfums-inc-decreased-by-jefferies-group-ipar.html.

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.

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