Research Analysts Set Expectations for Inter Parfums, Inc.’s FY2018 Earnings (IPAR)
Inter Parfums, Inc. (NASDAQ:IPAR) – Research analysts at KeyCorp increased their FY2018 earnings estimates for Inter Parfums in a research report issued to clients and investors on Tuesday. KeyCorp analyst J. Gere now anticipates that the company will post earnings of $1.41 per share for the year, up from their prior estimate of $1.40.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, May 9th. The company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.37 by $0.06. Inter Parfums had a net margin of 7.12% and a return on equity of 8.10%. The firm had revenue of $143.10 million during the quarter, compared to the consensus estimate of $120.05 million. During the same quarter in the prior year, the firm earned $0.24 EPS. Inter Parfums’s revenue for the quarter was up 28.3% on a year-over-year basis.
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Several other equities analysts have also recently issued reports on IPAR. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price objective on the stock in a research note on Monday, May 1st. DA Davidson restated a “buy” rating and set a $44.00 price objective on shares of Inter Parfums in a research note on Monday, May 8th. Jefferies Group LLC started coverage on Inter Parfums in a research note on Friday, June 2nd. They set a “hold” rating and a $35.00 price objective on the stock. Finally, BidaskClub upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.57.
Inter Parfums (NASDAQ:IPAR) remained flat at $37.25 during mid-day trading on Thursday. 14,099 shares of the company’s stock were exchanged. The company has a market capitalization of $1.16 billion, a PE ratio of 29.56 and a beta of 1.76. Inter Parfums has a one year low of $27.05 and a one year high of $41.70. The company’s 50-day moving average is $35.98 and its 200-day moving average is $35.36.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Wednesday, June 28th. Inter Parfums’s payout ratio is 53.54%.
A number of large investors have recently bought and sold shares of IPAR. Russell Investments Group Ltd. bought a new stake in Inter Parfums during the fourth quarter worth about $736,000. Comerica Bank boosted its stake in Inter Parfums by 3.7% in the fourth quarter. Comerica Bank now owns 18,600 shares of the company’s stock worth $614,000 after buying an additional 666 shares during the last quarter. State Street Corp boosted its stake in Inter Parfums by 8.4% in the fourth quarter. State Street Corp now owns 372,497 shares of the company’s stock worth $12,198,000 after buying an additional 28,922 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Inter Parfums by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,345,953 shares of the company’s stock worth $44,080,000 after buying an additional 48,111 shares during the last quarter. Finally, AQR Capital Management LLC boosted its stake in Inter Parfums by 0.5% in the fourth quarter. AQR Capital Management LLC now owns 8,265 shares of the company’s stock worth $271,000 after buying an additional 42 shares during the last quarter. Institutional investors own 55.14% of the company’s stock.
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.
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