Inter Parfums, Inc. (NASDAQ:IPAR) – Investment analysts at DA Davidson dropped their Q4 2017 earnings estimates for Inter Parfums in a research note issued to investors on Friday. DA Davidson analyst L. Weiser now expects that the company will post earnings of $0.11 per share for the quarter, down from their prior forecast of $0.13. DA Davidson has a “Neutral” rating and a $49.00 price objective on the stock. DA Davidson also issued estimates for Inter Parfums’ Q1 2018 earnings at $0.48 EPS and Q3 2018 earnings at $0.59 EPS.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The firm had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. During the same quarter last year, the business earned $0.52 earnings per share. Inter Parfums’s revenue was up 7.6% compared to the same quarter last year.

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A number of other brokerages have also issued reports on IPAR. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research report on Thursday, October 26th. KeyCorp set a $44.00 target price on shares of Inter Parfums and gave the stock a “buy” rating in a research report on Monday, October 16th. Citigroup Inc. reiterated 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, August 10th. Finally, BidaskClub upgraded shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Three research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $44.50.

Shares of Inter Parfums (NASDAQ:IPAR) opened at $43.25 on Monday. Inter Parfums has a 1 year low of $30.45 and a 1 year high of $46.80. The stock has a market cap of $1,348.83, a P/E ratio of 31.80, a P/E/G ratio of 2.73 and a beta of 1.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Inter Parfums by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 1,689,917 shares of the company’s stock worth $61,935,000 after buying an additional 41,384 shares during the period. Dimensional Fund Advisors LP increased its stake in Inter Parfums by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,391,727 shares of the company’s stock worth $51,007,000 after buying an additional 16,317 shares during the period. Atlanta Capital Management Co. L L C increased its position in shares of Inter Parfums by 14.0% in the 2nd quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after purchasing an additional 143,072 shares during the last quarter. Northern Trust Corp increased its position in shares of Inter Parfums by 0.5% in the 2nd quarter. Northern Trust Corp now owns 748,819 shares of the company’s stock worth $27,446,000 after purchasing an additional 3,655 shares during the last quarter. Finally, Royce & Associates LP increased its position in shares of Inter Parfums by 20.4% in the 2nd quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock worth $21,999,000 after purchasing an additional 101,565 shares during the last quarter. 55.43% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Patrick Choel sold 750 shares of Inter Parfums stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $41.59, for a total transaction of $31,192.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of Inter Parfums stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,250 shares of company stock worth $382,733 in the last 90 days. Company insiders own 45.40% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a dividend of $0.21 per share. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. Inter Parfums’s payout ratio is presently 51.13%.

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.

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

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