BWS Financial Weighs in on Inter Parfums, Inc.’s Q3 2017 Earnings (IPAR)
Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at BWS Financial upped their Q3 2017 EPS estimates for Inter Parfums in a research note issued on Wednesday. BWS Financial analyst H. Khorsand now forecasts that the company will post earnings of $0.53 per share for the quarter, up from their prior estimate of $0.52. BWS Financial also issued estimates for Inter Parfums’ FY2017 earnings at $1.32 EPS.
IPAR has been the subject of a number of other research reports. Zacks Investment Research cut Inter Parfums from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. DA Davidson cut Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research report on Thursday. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Citigroup Inc. reissued a “buy” rating and set a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. Two equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $44.50.
Inter Parfums (NASDAQ IPAR) opened at 44.40 on Monday. The stock has a market capitalization of $1.38 billion, a P/E ratio of 34.42 and a beta of 1.76. The stock has a 50 day moving average price of $41.54 and a 200-day moving average price of $38.09. Inter Parfums has a 12-month low of $29.40 and a 12-month high of $46.80.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings data on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $129.10 million for the quarter, compared to the consensus estimate of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period last year, the business posted $0.19 EPS.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Inter Parfums by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,689,917 shares of the company’s stock worth $61,935,000 after purchasing an additional 41,384 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Inter Parfums by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,391,727 shares of the company’s stock worth $51,007,000 after purchasing an additional 16,317 shares during the last quarter. Atlanta Capital Management Co. L L C lifted its position in shares of Inter Parfums by 14.0% during the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after purchasing an additional 143,072 shares during the last quarter. Northern Trust Corp lifted its position in shares of Inter Parfums by 0.5% during the 2nd quarter. Northern Trust Corp now owns 748,819 shares of the company’s stock worth $27,446,000 after purchasing an additional 3,655 shares during the last quarter. Finally, Royce & Associates LP lifted its position in shares of Inter Parfums by 20.4% during the 2nd quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock worth $21,999,000 after purchasing an additional 101,565 shares during the last quarter. 55.84% of the stock is owned by institutional investors and hedge funds.
In related news, Director Torres Robert Bensoussan sold 6,000 shares of the business’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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Patrick Choel sold 750 shares of the business’s stock in a transaction dated Monday, October 2nd. The stock was sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. Insiders sold 11,750 shares of company stock valued at $480,483 in the last ninety days. Insiders own 45.40% of the company’s stock.
The business also recently declared a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, September 29th were given a $0.17 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.53%. Inter Parfums’s dividend payout ratio is currently 52.31%.
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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