DA Davidson Weighs in on Inter Parfums, Inc.’s Q3 2017 Earnings (IPAR)
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.
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.
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