Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at KeyCorp reduced their FY2018 EPS estimates for shares of Inter Parfums in a research note issued to investors on Monday. KeyCorp analyst J. Gere now forecasts that the company will post earnings of $1.42 per share for the year, down from their previous forecast of $1.44. KeyCorp has a “Buy” rating and a $44.00 price objective on the stock.

Several other research firms also recently issued reports on IPAR. Sidoti downgraded Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. DA Davidson downgraded Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price target for the company. in a research note on Thursday, October 26th. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price target for the company in a research note on Thursday, October 26th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.00.

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Inter Parfums (NASDAQ:IPAR) traded up $0.20 on Thursday, hitting $42.20. The stock had a trading volume of 45,064 shares, compared to its average volume of 83,143. The company has a market cap of $1,306.72, a P/E ratio of 30.81, a PEG ratio of 2.64 and a beta of 1.80. Inter Parfums has a 52 week low of $31.45 and a 52 week high of $46.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a dividend yield of 1.99%. The ex-dividend date of this dividend is Thursday, December 28th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s payout ratio is currently 51.13%.

In other Inter Parfums news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $39.60, for a total value of $99,000.00. Following the completion of the transaction, the chief financial officer now owns 5,500 shares of the company’s stock, valued at approximately $217,800. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Patrick Choel sold 750 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. Insiders have sold a total of 9,250 shares of company stock valued at $382,733 in the last three months. 45.40% of the stock is owned by insiders.

A number of institutional investors have recently bought and sold shares of IPAR. Atlanta Capital Management Co. L L C raised its holdings in 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 valued at $42,825,000 after acquiring an additional 143,072 shares in the last quarter. Systematic Financial Management LP raised its holdings in Inter Parfums by 227.9% in the 2nd quarter. Systematic Financial Management LP now owns 178,344 shares of the company’s stock valued at $6,536,000 after acquiring an additional 123,954 shares in the last quarter. Royce & Associates LP raised its holdings in Inter Parfums by 20.4% in the 2nd quarter. Royce & Associates LP now owns 600,255 shares of the company’s stock valued at $21,999,000 after acquiring an additional 101,565 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Inter Parfums by 37.1% in the 2nd quarter. Renaissance Technologies LLC now owns 343,713 shares of the company’s stock valued at $12,597,000 after acquiring an additional 93,100 shares in the last quarter. Finally, Fort Pitt Capital Group LLC raised its holdings in Inter Parfums by 31.6% in the 2nd quarter. Fort Pitt Capital Group LLC now owns 386,988 shares of the company’s stock valued at $14,183,000 after acquiring an additional 92,965 shares in the last quarter. 55.43% of the stock is owned by hedge funds and other institutional investors.

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.

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

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