Q3 2017 EPS Estimates for Inter Parfums, Inc. (NASDAQ:IPAR) Lowered by Analyst
Inter Parfums, Inc. (NASDAQ:IPAR) – Analysts at BWS Financial dropped their Q3 2017 earnings estimates for shares of Inter Parfums in a report issued on Wednesday. BWS Financial analyst H. Khorsand now expects that the company will post earnings per share of $0.52 for the quarter, down from their previous forecast of $0.53.
Several other equities research analysts have also recently commented on the company. Citigroup Inc. reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $42.00) on shares of Inter Parfums in a report on Thursday. DA Davidson reaffirmed a “buy” rating and issued a $45.00 price target (up previously from $44.00) on shares of Inter Parfums in a report on Thursday. BidaskClub raised Inter Parfums from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 price target for the company in a report on Thursday, July 20th. Finally, Jefferies Group LLC began coverage on Inter Parfums in a report on Friday, June 2nd. They issued a “hold” rating and a $35.00 price target for the company. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Inter Parfums presently has a consensus rating of “Buy” and an average price target of $40.43.
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Inter Parfums (NASDAQ IPAR) opened at 39.00 on Friday. The stock has a 50 day moving average price of $37.32 and a 200-day moving average price of $35.97. The stock has a market cap of $1.22 billion, a PE ratio of 30.23 and a beta of 1.77. Inter Parfums has a one year low of $29.40 and a one year high of $41.70.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The firm had revenue of $129.10 million during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.19 EPS.
A number of large investors have recently bought and sold shares of IPAR. AQR Capital Management LLC boosted its stake in Inter Parfums by 0.5% in the fourth quarter. AQR Capital Management LLC now owns 8,265 shares of the company’s stock valued at $271,000 after buying an additional 42 shares during the period. 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. Arizona State Retirement System boosted its stake in Inter Parfums by 1.1% in the first quarter. Arizona State Retirement System now owns 8,909 shares of the company’s stock valued at $326,000 after buying an additional 100 shares during the period. Texas Permanent School Fund boosted its stake in Inter Parfums by 1.0% in the second quarter. Texas Permanent School Fund now owns 12,516 shares of the company’s stock valued at $459,000 after buying an additional 129 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in Inter Parfums by 3.6% in the first quarter. BNP Paribas Arbitrage SA now owns 3,954 shares of the company’s stock valued at $145,000 after buying an additional 136 shares during the period. 54.18% of the stock is owned by institutional investors.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.74%. Inter Parfums’s dividend payout ratio is presently 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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