Inter Parfums, Inc. (NASDAQ:IPAR) – Jefferies Group cut their Q3 2017 earnings per share (EPS) estimates for Inter Parfums in a report issued on Tuesday. Jefferies Group analyst S. Wissink now forecasts that the company will post earnings of $0.43 per share for the quarter, down from their prior estimate of $0.52. Jefferies Group currently has a “Hold” rating and a $35.00 target price on the stock. Jefferies Group also issued estimates for Inter Parfums’ Q4 2017 earnings at $0.19 EPS, Q2 2018 earnings at $0.25 EPS, Q3 2018 earnings at $0.47 EPS and Q4 2018 earnings at $0.21 EPS.

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, beating analysts’ consensus estimates of $0.20 by $0.02. The company had revenue of $129.10 million for the quarter, compared to analyst estimates of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.19 EPS.

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A number of other analysts also recently commented on the company. Citigroup Inc. reiterated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Inter Parfums in a research report on Thursday. DA Davidson reiterated a “buy” rating and set a $45.00 target price (up from $44.00) on shares of Inter Parfums in a research report on Thursday. BidaskClub upgraded Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 target price on the stock in a research report on Thursday, July 20th. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Inter Parfums presently has a consensus rating of “Buy” and a consensus target price of $40.43.

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

Hedge funds have recently bought and sold shares of the company. Eagle Asset Management Inc. increased its stake in shares of Inter Parfums by 6.1% in the second quarter. Eagle Asset Management Inc. now owns 472,085 shares of the company’s stock valued at $17,301,000 after buying an additional 26,997 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Inter Parfums by 0.3% in the second quarter. Principal Financial Group Inc. now owns 130,387 shares of the company’s stock valued at $4,779,000 after buying an additional 351 shares in the last quarter. Royce & Associates LP increased its stake in shares of Inter Parfums by 20.4% in the second quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock valued at $21,999,000 after buying an additional 101,565 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of Inter Parfums by 17.6% in the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after buying an additional 614 shares in the last quarter. Finally, KBC Group NV increased its stake in shares of Inter Parfums by 9.1% in the second quarter. KBC Group NV now owns 25,643 shares of the company’s stock valued at $940,000 after buying an additional 2,148 shares in the last quarter. Institutional investors own 54.18% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders 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 yield of 1.74%. Inter Parfums’s payout ratio is 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.

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

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