Inter Parfums, Inc. (NASDAQ:IPAR) issued its quarterly earnings data on Monday. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.02, Briefing.com reports. The firm had revenue of $129.10 million during the quarter, compared to analyst estimates of $122.57 million. Inter Parfums had a return on equity of 8.25% and a net margin of 7.14%. The business’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.19 earnings per share. Inter Parfums updated its FY17 guidance to $1.25-1.27 EPS.

Shares of Inter Parfums (IPAR) traded down 1.28% on Wednesday, hitting $38.55. 26,775 shares of the company were exchanged. The firm’s 50-day moving average is $37.00 and its 200-day moving average is $35.77. The stock has a market capitalization of $1.20 billion, a PE ratio of 30.60 and a beta of 1.77. Inter Parfums has a 52-week low of $29.40 and a 52-week high of $41.70.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. Inter Parfums’s payout ratio is 52.31%.

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A number of brokerages have recently weighed in on IPAR. BidaskClub upgraded Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Zacks Investment Research lowered Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. DA Davidson restated a “buy” rating and set a $44.00 price objective on shares of Inter Parfums in a research report on Monday, May 8th. Finally, Jefferies Group LLC began coverage on Inter Parfums in a research report on Friday, June 2nd. They set a “hold” rating and a $35.00 price objective for the company. Two research analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $39.57.

Hedge funds and other institutional investors have recently modified their holdings of the company. Independent Portfolio Consultants Inc. increased its position in shares of Inter Parfums by 5.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 15,565 shares of the company’s stock valued at $569,000 after buying an additional 845 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in Inter Parfums during the first quarter valued at approximately $732,000. Nationwide Fund Advisors boosted its stake in Inter Parfums by 4.8% in the first quarter. Nationwide Fund Advisors now owns 28,994 shares of the company’s stock valued at $1,060,000 after buying an additional 1,322 shares during the period. Capital Impact Advisors LLC boosted its stake in Inter Parfums by 49.9% in the first quarter. Capital Impact Advisors LLC now owns 42,532 shares of the company’s stock valued at $1,555,000 after buying an additional 14,159 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in Inter Parfums by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the company’s stock valued at $256,000 after buying an additional 100 shares during the period. 54.18% of the stock is currently owned by institutional investors.

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.

Earnings History for Inter Parfums (NASDAQ:IPAR)

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