Inter Parfums, Inc. Expected to Post FY2017 Earnings of $1.26 Per Share (NASDAQ:IPAR)
Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at Jefferies Group upped their FY2017 earnings per share estimates for Inter Parfums in a report issued on Wednesday. Jefferies Group analyst S. Wissink now expects that the company will earn $1.26 per share for the year, up from their previous estimate of $1.23. Jefferies Group has a “Hold” rating and a $35.00 price objective on the stock. Jefferies Group also issued estimates for Inter Parfums’ FY2018 earnings at $1.43 EPS.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $120.05 million. During the same period in the prior year, the business earned $0.24 EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis.
IPAR has been the subject of several other reports. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a report on Monday, May 1st. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a report on Monday. Finally, DA Davidson reiterated a “buy” rating and set a $44.00 target price on shares of Inter Parfums in a report on Monday, May 8th. Two equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $39.57.
Inter Parfums (NASDAQ:IPAR) traded down 2.52% on Friday, reaching $38.75. The company had a trading volume of 52,084 shares. The company’s 50 day moving average is $36.50 and its 200-day moving average is $35.54. The firm has a market capitalization of $1.21 billion, a price-to-earnings ratio of 30.75 and a beta of 1.76. Inter Parfums has a one year low of $29.40 and a one year high of $41.70.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Wednesday, June 28th. Inter Parfums’s dividend payout ratio (DPR) is presently 53.54%.
Large investors have recently bought and sold shares of the company. Municipal Employees Retirement System of Michigan increased its stake in Inter Parfums by 68.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,500 shares of the company’s stock worth $238,000 after buying an additional 2,640 shares during the period. Strs Ohio increased its stake in Inter Parfums by 1.5% in the second quarter. Strs Ohio now owns 20,500 shares of the company’s stock worth $751,000 after buying an additional 300 shares during the period. Huntington National Bank increased 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 worth $131,000 after buying an additional 535 shares during the period. First Quadrant L P CA bought a new stake in Inter Parfums during the second quarter worth approximately $446,000. Finally, Aperio Group LLC increased its stake in Inter Parfums by 8.2% in the second quarter. Aperio Group LLC now owns 13,794 shares of the company’s stock worth $506,000 after buying an additional 1,048 shares during the period. 55.11% of the stock is owned by institutional investors and hedge funds.
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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