Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at Jefferies Financial Group raised their Q4 2018 earnings estimates for shares of Inter Parfums in a research report issued on Tuesday, November 6th, according to Zacks Investment Research. Jefferies Financial Group analyst S. Wissink now forecasts that the company will earn $0.16 per share for the quarter, up from their prior forecast of $0.14. Jefferies Financial Group currently has a “Hold” rating and a $60.00 price objective on the stock. Jefferies Financial Group also issued estimates for Inter Parfums’ Q1 2019 earnings at $0.64 EPS and Q4 2019 earnings at $0.23 EPS.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Monday, November 5th. The company reported $0.60 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.58 by $0.02. The business had revenue of $177.21 million during the quarter, compared to analysts’ expectations of $181.14 million. Inter Parfums had a return on equity of 8.60% and a net margin of 7.74%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business posted $0.55 EPS.
Shares of IPAR traded up $0.71 during midday trading on Friday, hitting $62.48. The company had a trading volume of 109,574 shares, compared to its average volume of 99,103. The company has a debt-to-equity ratio of 0.05, a quick ratio of 2.37 and a current ratio of 3.36. The stock has a market capitalization of $1.94 billion, a PE ratio of 46.98, a PEG ratio of 3.13 and a beta of 1.30. Inter Parfums has a 1 year low of $41.30 and a 1 year high of $67.50.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.76%. The ex-dividend date is Friday, December 28th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.21. Inter Parfums’s dividend payout ratio (DPR) is 63.16%.
In other Inter Parfums news, insider Pelayo Frederic Garcia sold 3,600 shares of Inter Parfums stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $65.20, for a total transaction of $234,720.00. Following the transaction, the insider now owns 1,000 shares of the company’s stock, valued at $65,200. The transaction was disclosed in a filing with the SEC, which is available at this link. 45.00% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its position in Inter Parfums by 2.6% during the third quarter. Vanguard Group Inc. now owns 1,837,091 shares of the company’s stock worth $118,401,000 after buying an additional 46,321 shares during the period. Northern Trust Corp increased its position in Inter Parfums by 1.5% during the second quarter. Northern Trust Corp now owns 748,289 shares of the company’s stock worth $40,033,000 after buying an additional 11,396 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Inter Parfums by 7.1% in the second quarter. Bank of New York Mellon Corp now owns 478,231 shares of the company’s stock valued at $25,585,000 after purchasing an additional 31,499 shares during the period. Cortina Asset Management LLC increased its holdings in shares of Inter Parfums by 36.9% in the second quarter. Cortina Asset Management LLC now owns 458,351 shares of the company’s stock valued at $24,522,000 after purchasing an additional 123,582 shares during the period. Finally, Fort Pitt Capital Group LLC increased its holdings in shares of Inter Parfums by 20.0% in the second quarter. Fort Pitt Capital Group LLC now owns 458,223 shares of the company’s stock valued at $24,515,000 after purchasing an additional 76,327 shares during the period. 55.96% of the stock is currently owned by institutional investors.
Inter Parfums Company Profile
Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.
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