Inter Parfums, Inc. (NASDAQ:IPAR) updated its FY17 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.20-$1.24 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.25. The company issued revenue guidance of $550-$560 million, compared to the consensus revenue estimate of $568.24 million.
A number of equities analysts have weighed in on the stock. B. Riley lifted their price target on shares of Inter Parfums from $40.00 to $42.00 and gave the company a buy rating in a report on Wednesday, March 15th. DA Davidson reiterated a buy rating and issued a $44.00 price target on shares of Inter Parfums in a report on Monday, May 8th. Finally, Zacks Investment Research raised shares of Inter Parfums from a hold rating to a buy rating and set a $43.00 target price on the stock in a research note on Monday, May 1st. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Inter Parfums presently has a consensus rating of Buy and a consensus price target of $39.43.
Inter Parfums, Inc. (NASDAQ:IPAR) traded down 1.97% during midday trading on Friday, reaching $34.80. 138,167 shares of the company traded hands. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 27.62 and a beta of 1.59. The firm has a 50 day moving average of $36.24 and a 200-day moving average of $34.69. Inter Parfums, Inc. has a 12 month low of $27.05 and a 12 month high of $41.70.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.06. Inter Parfums had a return on equity of 6.62% and a net margin of 6.20%. The business had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $120.05 million. During the same quarter in the previous year, the business earned $0.24 earnings per share. The firm’s quarterly revenue was up 28.3% compared to the same quarter last year. Analysts forecast that Inter Parfums, Inc. will post $1.26 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.95%. The ex-dividend date is Wednesday, June 28th. Inter Parfums’s dividend payout ratio is currently 67.33%.
In other news, CFO Russell Greenberg sold 15,000 shares of the stock in a transaction that occurred on Tuesday, March 21st. The stock was sold at an average price of $37.75, for a total value of $566,250.00. Following the sale, the chief financial officer now directly owns 8,000 shares in the company, valued at $302,000. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 45.50% of the company’s stock.
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Several hedge funds and other institutional investors have recently modified their holdings of IPAR. State Street Corp boosted its position in shares of Inter Parfums by 7.6% in the first quarter. State Street Corp now owns 400,887 shares of the company’s stock valued at $14,654,000 after buying an additional 28,390 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Inter Parfums by 13.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 72,843 shares of the company’s stock valued at $2,663,000 after buying an additional 8,462 shares in the last quarter. Morgan Stanley boosted its position in shares of Inter Parfums by 67.2% in the first quarter. Morgan Stanley now owns 115,899 shares of the company’s stock valued at $4,236,000 after buying an additional 46,601 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Inter Parfums by 9.2% in the first quarter. Geode Capital Management LLC now owns 148,986 shares of the company’s stock valued at $5,445,000 after buying an additional 12,581 shares in the last quarter. Finally, Teachers Advisors LLC boosted its position in shares of Inter Parfums by 2.7% in the first quarter. Teachers Advisors LLC now owns 28,789 shares of the company’s stock valued at $1,052,000 after buying an additional 762 shares in the last quarter. Institutional investors and hedge funds own 55.42% of the company’s stock.
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.
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