Analysts Offer Predictions for Inter Parfums, Inc.’s Q2 2017 Earnings (IPAR)
Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at KeyCorp boosted their Q2 2017 earnings estimates for shares of Inter Parfums in a report issued on Wednesday. KeyCorp analyst J. Gere now anticipates that the company will earn $0.19 per share for the quarter, up from their previous estimate of $0.18. KeyCorp also issued estimates for Inter Parfums’ Q4 2017 earnings at $0.15 EPS, FY2017 earnings at $1.29 EPS and FY2018 earnings at $1.42 EPS.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.06. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. The company had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $120.05 million. During the same quarter in the previous year, the firm earned $0.24 EPS. Inter Parfums’s revenue was up 28.3% on a year-over-year basis.
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A number of other equities analysts have also commented on the company. BidaskClub raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Thursday, June 15th. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Monday, May 1st. DA Davidson reissued a “buy” rating and set a $44.00 price objective on shares of Inter Parfums in a research note on Monday, May 8th. Finally, Jefferies Group LLC initiated coverage on Inter Parfums in a research note on Friday, June 2nd. They set a “hold” rating and a $35.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $39.57.
Inter Parfums (NASDAQ IPAR) opened at 39.70 on Friday. The firm has a market cap of $1.24 billion, a PE ratio of 31.51 and a beta of 1.76. Inter Parfums has a 12-month low of $29.40 and a 12-month high of $41.70. The stock’s 50 day moving average price is $36.50 and its 200-day moving average price is $35.54.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 1.71%. The ex-dividend date was Wednesday, June 28th. Inter Parfums’s dividend payout ratio is 53.54%.
A number of large investors have recently bought and sold shares of IPAR. Vanguard Group Inc. raised its stake in Inter Parfums by 5.7% in the first quarter. Vanguard Group Inc. now owns 1,648,533 shares of the company’s stock valued at $60,254,000 after buying an additional 89,133 shares in the last quarter. Eagle Asset Management Inc. raised its stake in Inter Parfums by 24.1% in the first quarter. Eagle Asset Management Inc. now owns 445,088 shares of the company’s stock valued at $16,267,000 after buying an additional 86,528 shares in the last quarter. Ranger Investment Management L.P. raised its stake in Inter Parfums by 13.8% in the first quarter. Ranger Investment Management L.P. now owns 689,187 shares of the company’s stock valued at $25,190,000 after buying an additional 83,782 shares in the last quarter. Systematic Financial Management LP acquired a new stake in Inter Parfums during the first quarter valued at about $1,988,000. Finally, Americafirst Capital Management LLC acquired a new stake in Inter Parfums during the first quarter valued at about $1,905,000. 55.11% of the stock is owned by institutional investors.
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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