Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at DA Davidson dropped their Q3 2017 EPS estimates for Inter Parfums in a research note issued on Wednesday. DA Davidson analyst L. Weiser now forecasts that the company will post earnings of $0.49 per share for the quarter, down from their prior estimate of $0.50. DA Davidson currently has a “Buy” rating and a $45.00 price objective on the stock. DA Davidson also issued estimates for Inter Parfums’ FY2017 earnings at $1.27 EPS and FY2018 earnings at $1.43 EPS.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Monday, May 1st. Citigroup Inc. reaffirmed a “buy” rating and set a $45.00 target price (up previously from $42.00) on shares of Inter Parfums in a research note on Thursday. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a research note on Monday, July 24th. Finally, 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 target price on the stock. Two investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $40.43.

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Inter Parfums (NASDAQ:IPAR) opened at 39.15 on Thursday. Inter Parfums has a one year low of $29.40 and a one year high of $41.70. The company’s 50-day moving average price is $37.25 and its 200-day moving average price is $35.95. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 31.07 and a beta of 1.77.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The firm had revenue of $129.10 million for the quarter, compared to analyst estimates of $122.57 million. During the same quarter in the prior year, the company posted $0.19 earnings per share. Inter Parfums’s quarterly revenue was up 10.2% on a year-over-year basis.

Institutional investors have recently modified their holdings of the stock. SG Americas Securities LLC purchased a new position in shares of Inter Parfums during the first quarter valued at about $107,000. US Bancorp DE boosted its position in shares of 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 boosted its position in shares of 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. boosted its position in shares of 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 boosted its position in shares of 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. Institutional investors own 54.18% of the company’s stock.

The company also recently declared 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. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. The ex-dividend date is Thursday, September 28th. Inter Parfums’s dividend payout ratio (DPR) is presently 52.31%.

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.

Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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