Q4 2016 EPS Estimates for Inter Parfums Inc. Cut by BWS Financial (IPAR)
Inter Parfums Inc. (NASDAQ:IPAR) – Equities research analysts at BWS Financial decreased their Q4 2016 EPS estimates for Inter Parfums in a research report issued on Thursday. BWS Financial analyst H. Khorsand now expects that the firm will earn $0.12 per share for the quarter, down from their prior estimate of $0.18.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, November 8th. The company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $157.60 million for the quarter, compared to the consensus estimate of $155.23 million. Inter Parfums had a return on equity of 6.62% and a net margin of 6.20%. The company’s revenue for the quarter was up 13.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.
A number of other brokerages also recently issued reports on IPAR. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research report on Wednesday, October 26th. B. Riley reiterated a “buy” rating and set a $40.00 price target on shares of Inter Parfums in a research report on Thursday, November 10th. Brean Capital increased their price target on Inter Parfums from $36.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, August 15th. Citigroup Inc. increased their price target on Inter Parfums from $35.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Piper Jaffray Cos. reiterated a “neutral” rating and set a $33.00 price target (up previously from $29.00) on shares of Inter Parfums in a research report on Saturday, August 13th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. Inter Parfums has an average rating of “Buy” and an average target price of $36.71.
Inter Parfums (NASDAQ:IPAR) opened at 32.45 on Monday. Inter Parfums has a 52-week low of $20.37 and a 52-week high of $35.07. The stock’s 50 day moving average price is $32.10 and its 200 day moving average price is $31.26. The company has a market cap of $1.01 billion, a P/E ratio of 32.45 and a beta of 1.63.
A number of institutional investors have recently made changes to their positions in the company. Bank of Montreal Can bought a new position in shares of Inter Parfums during the second quarter worth approximately $111,000. Tower Research Capital LLC TRC bought a new position in shares of Inter Parfums during the second quarter worth approximately $115,000. Municipal Employees Retirement System of Michigan increased its position in shares of Inter Parfums by 1.6% in the third quarter. Municipal Employees Retirement System of Michigan now owns 3,790 shares of the company’s stock worth $122,000 after buying an additional 60 shares during the last quarter. Huntington National Bank increased its position in shares of Inter Parfums by 5.6% in the second quarter. Huntington National Bank now owns 4,679 shares of the company’s stock worth $134,000 after buying an additional 249 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Inter Parfums by 80.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,893 shares of the company’s stock worth $168,000 after buying an additional 2,634 shares during the last quarter. Hedge funds and other institutional investors own 53.43% of the company’s stock.
In related news, insider Henry B. Clarke sold 5,582 shares of Inter Parfums stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of $34.50, for a total transaction of $192,579.00. Following the transaction, the insider now owns 2,707 shares in the company, valued at $93,391.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Russell Greenberg sold 2,677 shares of Inter Parfums stock in a transaction that occurred on Monday, August 29th. The stock was sold at an average price of $34.80, for a total value of $93,159.60. Following the transaction, the chief financial officer now owns 677 shares in the company, valued at approximately $23,559.60. The disclosure for this sale can be found here. 45.50% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend is Wednesday, December 28th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.15. Inter Parfums’s dividend payout ratio (DPR) is 59.41%.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes fragrances and fragrance-related products. It operates in two segments: European based operations and United States based operations. Under its European Operations, the Company produces and distributes fragrance products primarily under license agreements with brand owners and its prestige brands include Balmain, Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, S.T.
Receive News & Stock Ratings for Inter Parfums Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums Inc. and related stocks with our FREE daily email newsletter.