Jefferies Group Brokers Lift Earnings Estimates for Inter Parfums, Inc. (IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Jefferies Group upped their FY2017 EPS estimates for Inter Parfums in a note issued to investors on Monday. Jefferies Group analyst S. Wissink now anticipates that the company will post earnings of $1.29 per share for the year, up from their previous estimate of $1.26. Jefferies Group also issued estimates for Inter Parfums’ Q2 2018 earnings at $0.27 EPS, Q3 2018 earnings at $0.48 EPS, Q1 2019 earnings at $0.53 EPS, Q4 2019 earnings at $0.26 EPS and FY2019 earnings at $1.65 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. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. During the same quarter in the prior year, the company earned $0.52 EPS. Inter Parfums’s revenue was up 7.6% compared to the same quarter last year.

Several other research firms have also recently weighed in on IPAR. Citigroup cut shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $52.00 price target for the company. in a research note on Monday, January 22nd. Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Thursday, January 25th. Sidoti cut shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. DA Davidson cut shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Thursday, October 26th. Finally, KeyCorp cut shares of Inter Parfums from an “overweight” rating to a “sector weight” rating in a research note on Monday, January 22nd. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $46.17.

Shares of Inter Parfums (NASDAQ IPAR) opened at $44.60 on Wednesday. Inter Parfums has a one year low of $33.40 and a one year high of $48.35. 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 firm has a market cap of $1,400.00, a P/E ratio of 34.05, a PEG ratio of 2.71 and a beta of 1.77.

Several hedge funds have recently modified their holdings of IPAR. Schwab Charles Investment Management Inc. lifted its holdings in shares of Inter Parfums by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 73,261 shares of the company’s stock worth $2,686,000 after acquiring an additional 418 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Inter Parfums by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 130,387 shares of the company’s stock valued at $4,779,000 after buying an additional 351 shares during the last quarter. Teachers Advisors LLC grew its position in shares of Inter Parfums by 8.2% in the 2nd quarter. Teachers Advisors LLC now owns 31,150 shares of the company’s stock valued at $1,142,000 after buying an additional 2,361 shares during the last quarter. TIAA CREF Investment Management LLC grew its position in shares of Inter Parfums by 93.2% in the 2nd quarter. TIAA CREF Investment Management LLC now owns 89,955 shares of the company’s stock valued at $3,297,000 after buying an additional 43,400 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its position in shares of Inter Parfums by 1.7% in the 2nd quarter. Ameriprise Financial Inc. now owns 247,806 shares of the company’s stock valued at $9,081,000 after buying an additional 4,167 shares during the last quarter. Hedge funds and other institutional investors own 55.50% of the company’s stock.

In other news, CFO Philippe Santi sold 600 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $43.86, for a total value of $26,316.00. Following the transaction, the chief financial officer now directly owns 600 shares in the company, valued at approximately $26,316. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jean Madar sold 8,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The stock was sold at an average price of $44.00, for a total transaction of $360,800.00. Following the completion of the transaction, the chief executive officer now owns 74,407 shares in the company, valued at $3,273,908. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 44,595 shares of company stock worth $2,010,612. Company insiders own 45.40% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a $0.21 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.88%. The ex-dividend date of this dividend was Thursday, December 28th. Inter Parfums’s dividend payout ratio is currently 64.12%.

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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)

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