Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at DA Davidson increased their Q1 2018 earnings per share estimates for shares of Inter Parfums in a report released on Thursday. DA Davidson analyst L. Weiser now anticipates that the company will earn $0.50 per share for the quarter, up from their prior estimate of $0.44. DA Davidson has a “Buy” rating and a $51.00 price target on the stock. DA Davidson also issued estimates for Inter Parfums’ Q2 2018 earnings at $0.28 EPS, Q3 2018 earnings at $0.65 EPS, Q4 2018 earnings at $0.15 EPS, FY2018 earnings at $1.57 EPS and FY2019 earnings at $1.80 EPS.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The business had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a net margin of 13.04% and a return on equity of 16.41%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the firm posted $0.52 EPS.

Several other research analysts have also weighed in on IPAR. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Thursday, September 21st. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the company a “buy” rating in a report on Monday, October 16th. Sidoti lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. BidaskClub lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Finally, Citigroup set a $52.00 price target on shares of Inter Parfums and gave the company a “buy” rating in a report on Wednesday, January 3rd. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $46.17.

Shares of Inter Parfums (NASDAQ:IPAR) traded down $0.75 during mid-day trading on Monday, hitting $46.25. 92,700 shares of the stock traded hands, compared to its average volume of 97,911. The stock has a market cap of $1,442.39, a price-to-earnings ratio of 34.77, a P/E/G ratio of 2.61 and a beta of 1.77. Inter Parfums has a 1-year low of $31.45 and a 1-year high of $47.65. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39.

Institutional investors and hedge funds have recently bought and sold shares of the company. Acrospire Investment Management LLC raised its stake in shares of Inter Parfums by 68.9% during the second quarter. Acrospire Investment Management LLC now owns 3,178 shares of the company’s stock valued at $116,000 after purchasing an additional 1,296 shares during the period. Victory Capital Management Inc. raised its stake in shares of Inter Parfums by 17.6% during the second quarter. Victory Capital Management Inc. now owns 4,097 shares of the company’s stock valued at $150,000 after purchasing an additional 614 shares during the period. Campbell & CO Investment Adviser LLC purchased a new stake in shares of Inter Parfums during the third quarter valued at approximately $218,000. Allianz Asset Management GmbH purchased a new stake in shares of Inter Parfums during the third quarter valued at approximately $268,000. Finally, AHL Partners LLP purchased a new stake in shares of Inter Parfums during the second quarter valued at approximately $242,000. Institutional investors own 55.39% of the company’s stock.

In other news, CFO Philippe Santi sold 600 shares of Inter Parfums stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $43.86, for a total transaction of $26,316.00. Following the sale, the chief financial officer now owns 600 shares in the company, valued at $26,316. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell Greenberg sold 3,000 shares of Inter Parfums stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $45.00, for a total transaction of $135,000.00. The disclosure for this sale can be found here. Insiders sold 32,000 shares of company stock worth $1,411,666 in the last 90 days. 45.40% of the stock is currently owned by insiders.

The firm also recently declared a quarterly dividend, which was paid on Monday, January 15th. Investors of record on Friday, December 29th were issued a $0.21 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Thursday, December 28th. This represents a $0.84 annualized dividend and a yield of 1.82%. Inter Parfums’s dividend payout ratio (DPR) is presently 63.16%.

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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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