Analysts Offer Predictions for Inter Parfums, Inc.’s Q2 2017 Earnings (NASDAQ:IPAR)
Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at KeyCorp lifted their Q2 2017 earnings estimates for Inter Parfums in a research report issued on Wednesday. KeyCorp analyst J. Gere now forecasts that the company will post earnings per share of $0.19 for the quarter, up from their previous forecast of $0.18. KeyCorp also issued estimates for Inter Parfums’ Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $1.29 EPS and FY2018 earnings at $1.42 EPS.
A number of other equities research analysts have also weighed in on IPAR. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research note on Monday. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a research note on Thursday, July 20th. Jefferies Group LLC assumed coverage on Inter Parfums in a research note on Friday, June 2nd. They issued a “hold” rating and a $35.00 price objective for the company. Finally, DA Davidson restated a “buy” rating and issued a $44.00 price objective on shares of Inter Parfums in a research note on Monday, May 8th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.57.
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Shares of Inter Parfums (NASDAQ:IPAR) opened at 39.70 on Friday. The firm has a 50-day moving average price of $36.50 and a 200-day moving average price of $35.54. The stock has a market capitalization of $1.24 billion, a P/E ratio of 31.51 and a beta of 1.76. Inter Parfums has a 52-week low of $29.40 and a 52-week high of $41.70.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. The business had revenue of $143.10 million during the quarter, compared to the consensus estimate of $120.05 million. During the same period last year, the business posted $0.24 earnings per share. The business’s revenue for the quarter was up 28.3% on a year-over-year basis.
The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. Inter Parfums’s dividend payout ratio (DPR) is 53.54%.
Large investors have recently bought and sold shares of the company. SG Americas Securities LLC bought a new stake in Inter Parfums during the first quarter valued at approximately $107,000. US Bancorp DE raised its stake in Inter Parfums by 45.4% in the first quarter. US Bancorp DE now owns 3,187 shares of the company’s stock valued at $116,000 after buying an additional 995 shares during the period. State of Alaska Department of Revenue raised its stake in 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 valued at $123,000 after buying an additional 1,490 shares during the period. Victory Capital Management Inc. raised its stake in Inter Parfums by 39.4% in the first quarter. Victory Capital Management Inc. now owns 3,483 shares of the company’s stock valued at $127,000 after buying an additional 985 shares during the period. Finally, Huntington National Bank raised its stake in Inter Parfums by 17.6% in the second quarter. Huntington National Bank now owns 3,569 shares of the company’s stock valued at $131,000 after buying an additional 535 shares during the period. Hedge funds and other institutional investors own 55.11% of the company’s stock.
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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