Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at KeyCorp lifted their FY2017 earnings per share (EPS) estimates for shares of Inter Parfums in a research report issued to clients and investors on Thursday. KeyCorp analyst J. Gere now expects that the company will post earnings of $1.31 per share for the year, up from their previous forecast of $1.30. KeyCorp has a “Buy” rating and a $44.00 price objective on the stock. KeyCorp also issued estimates for Inter Parfums’ Q4 2017 earnings at $0.12 EPS, Q3 2018 earnings at $0.60 EPS and Q4 2018 earnings at $0.15 EPS.
Several other equities analysts have also recently issued reports on the stock. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 price target on the stock in a research report on Thursday, July 20th. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, DA Davidson cut shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price target on the stock. in a research report on Thursday, October 26th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Inter Parfums has an average rating of “Buy” and a consensus target price of $44.50.
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Inter Parfums (NASDAQ:IPAR) opened at $43.25 on Monday. Inter Parfums has a 52-week low of $30.45 and a 52-week high of $46.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.45 and a current ratio of 3.39. The stock has a market cap of $1,348.84, a PE ratio of 31.80, a P/E/G ratio of 2.74 and a beta of 1.80.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results 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 for the quarter, compared to analysts’ expectations of $160.52 million. During the same quarter in the previous year, the company earned $0.52 earnings per share. Inter Parfums’s quarterly revenue was up 7.6% on a year-over-year basis.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Inter Parfums in the first quarter worth approximately $107,000. Acrospire Investment Management LLC lifted its stake 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 worth $116,000 after buying an additional 1,296 shares in the last quarter. State of Alaska Department of Revenue lifted its stake 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 worth $123,000 after buying an additional 1,490 shares in the last quarter. Huntington National Bank lifted its stake 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 worth $131,000 after buying an additional 535 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake 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 worth $150,000 after buying an additional 614 shares in the last quarter. Hedge funds and other institutional investors own 55.87% of the company’s stock.
In other Inter Parfums news, 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 value of $31,192.50. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,250 shares of company stock worth $382,733. Corporate insiders own 45.40% of the company’s stock.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date is Thursday, December 28th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio is 51.13%.
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.
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