Inter Parfums, Inc. (NASDAQ:IPAR) – Analysts at KeyCorp cut their FY2018 earnings per share estimates for shares of Inter Parfums in a research note issued on Monday. KeyCorp analyst J. Gere now anticipates that the company will post earnings of $1.41 per share for the year, down from their prior estimate of $1.42. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Inter Parfums’ Q4 2018 earnings at $0.14 EPS.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05. The firm 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 company’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share.

Several other analysts also recently commented on IPAR. DA Davidson downgraded Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Thursday, October 26th. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, October 26th. Sidoti downgraded Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. BidaskClub downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Finally, Citigroup set a $52.00 price objective on Inter Parfums and gave the stock a “buy” rating in a research note on Wednesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Inter Parfums currently has a consensus rating of “Hold” and an average price target of $46.17.

Shares of Inter Parfums (NASDAQ:IPAR) traded down $0.85 during trading on Wednesday, hitting $45.50. The stock had a trading volume of 33,044 shares, compared to its average volume of 112,646. The stock has a market capitalization of $1,465.79, a P/E ratio of 34.85, a PEG ratio of 2.66 and a beta of 1.77. Inter Parfums has a 12-month low of $31.50 and a 12-month high of $48.35. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Inter Parfums by 2.5% during the second quarter. Vanguard Group Inc. now owns 1,689,917 shares of the company’s stock valued at $61,935,000 after purchasing an additional 41,384 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Inter Parfums by 2.4% in the third quarter. Dimensional Fund Advisors LP now owns 1,424,957 shares of the company’s stock worth $58,780,000 after acquiring an additional 33,230 shares during the period. Atlanta Capital Management Co. L L C boosted its holdings in shares of Inter Parfums by 14.0% in the second quarter. Atlanta Capital Management Co. L L C now owns 1,168,496 shares of the company’s stock worth $42,825,000 after acquiring an additional 143,072 shares during the period. Northern Trust Corp boosted its holdings in shares of Inter Parfums by 0.5% in the second quarter. Northern Trust Corp now owns 748,819 shares of the company’s stock worth $27,446,000 after acquiring an additional 3,655 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Inter Parfums by 0.7% in the third quarter. Bank of New York Mellon Corp now owns 583,002 shares of the company’s stock worth $24,048,000 after acquiring an additional 4,114 shares during the period. 55.48% of the stock is owned by institutional investors and hedge funds.

In other news, CFO Russell Greenberg sold 7,595 shares of the company’s stock in a transaction that occurred on Tuesday, January 16th. The stock was sold at an average price of $47.59, for a total value of $361,446.05. Following the completion of the transaction, the chief financial officer now directly owns 5,000 shares of the company’s stock, valued at $237,950. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Jean Madar sold 8,200 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $44.00, for a total value of $360,800.00. Following the completion of the transaction, the chief executive officer now directly owns 74,407 shares of the company’s stock, valued at $3,273,908. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,595 shares of company stock valued at $2,010,612. 45.40% of the stock is currently owned by corporate insiders.

The firm also recently announced a quarterly dividend, which was paid on Monday, January 15th. Stockholders of record on Friday, December 29th were issued a $0.21 dividend. The ex-dividend date was Thursday, December 28th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.85%. Inter Parfums’s dividend payout ratio is currently 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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