Inter Parfums Inc. (NASDAQ:IPAR) – Analysts at KeyCorp lifted their Q1 2017 earnings per share (EPS) estimates for shares of Inter Parfums in a report issued on Monday. KeyCorp analyst J. Gere now anticipates that the firm will earn $0.32 per share for the quarter, up from their previous estimate of $0.31. KeyCorp also issued estimates for Inter Parfums’ Q2 2017 earnings at $0.22 EPS, Q4 2017 earnings at $0.16 EPS and FY2017 earnings at $1.26 EPS.

Other analysts have also issued reports about the company. B. Riley restated a “buy” rating and issued a $40.00 target price on shares of Inter Parfums in a research note on Friday, August 12th. TheStreet upgraded Inter Parfums from a “hold” rating to a “buy” rating in a research report on Wednesday, August 10th. Citigroup Inc. lifted their price target on Inter Parfums from $35.00 to $40.00 and gave the company a “buy” rating in a research report on Thursday, August 11th. Brean Capital lifted their price target on Inter Parfums from $36.00 to $40.00 and gave the company a “buy” rating in a research report on Monday, August 15th. Finally, Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a research report on Wednesday, October 26th. One analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $36.71.

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

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Inter Parfums (NASDAQ:IPAR) opened at 34.45 on Tuesday. Inter Parfums has a 52-week low of $20.37 and a 52-week high of $35.70. The stock’s 50 day moving average price is $32.44 and its 200 day moving average price is $31.47. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 34.45 and a beta of 1.63.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Tuesday, November 8th. The company reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company earned $157.60 million during the quarter, compared to analyst estimates 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 period in the previous year, the company earned $0.46 EPS.

A number of institutional investors have recently bought and sold shares of IPAR. Bank of Montreal Can acquired a new position in Inter Parfums during the second quarter valued at approximately $111,000. Tower Research Capital LLC TRC acquired a new position in Inter Parfums during the second quarter valued at approximately $115,000. Municipal Employees Retirement System of Michigan boosted its position in 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 valued at $122,000 after buying an additional 60 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in Inter Parfums by 80.8% in the second quarter. BNP Paribas Arbitrage SA now owns 5,893 shares of the company’s stock valued at $168,000 after buying an additional 2,634 shares during the last quarter. Finally, KCG Holdings Inc. acquired a new position in Inter Parfums during the second quarter valued at approximately $219,000. Institutional investors and hedge funds own 54.46% of the company’s stock.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.97%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, December 28th. Inter Parfums’s payout ratio is presently 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.

5 Day Chart for NASDAQ:IPAR

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