Inter Parfums, Inc. (NASDAQ:IPAR) – Investment analysts at DA Davidson reduced their Q1 2019 EPS estimates for shares of Inter Parfums in a note issued to investors on Tuesday, November 13th, according to Zacks Investment Research. DA Davidson analyst L. Weiser now anticipates that the company will earn $0.43 per share for the quarter, down from their prior estimate of $0.46. DA Davidson has a “Buy” rating and a $72.00 price target on the stock. DA Davidson also issued estimates for Inter Parfums’ Q2 2019 earnings at $0.38 EPS, Q3 2019 earnings at $0.52 EPS, Q4 2019 earnings at $0.48 EPS and FY2019 earnings at $1.81 EPS.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.02. The company had revenue of $177.21 million for 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 firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.55 earnings per share.

Several other research analysts have also recently commented on IPAR. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Wednesday, September 26th. BidaskClub upgraded Inter Parfums from a “hold” rating to a “buy” rating in a research note on Tuesday, September 25th. Finally, Citigroup set a $64.00 price target on Inter Parfums and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company has an average rating of “Buy” and an average price target of $67.80.

Shares of IPAR traded down $0.27 during midday trading on Wednesday, reaching $58.92. 58,845 shares of the company were exchanged, compared to its average volume of 78,369. The stock has a market cap of $1.85 billion, a PE ratio of 44.30, a P/E/G ratio of 3.00 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 company has a debt-to-equity ratio of 0.05, a current ratio of 3.36 and a quick ratio of 2.37.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be paid a $0.275 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.21. The ex-dividend date is Friday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 1.87%. Inter Parfums’s payout ratio is 63.16%.

Large investors have recently added to or reduced their stakes in the stock. Itau Unibanco Holding S.A. acquired a new position in shares of Inter Parfums in the second quarter worth about $150,000. SG Americas Securities LLC raised its stake in Inter Parfums by 58.6% during the second quarter. SG Americas Securities LLC now owns 4,002 shares of the company’s stock valued at $214,000 after buying an additional 1,478 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in Inter Parfums during the second quarter valued at approximately $215,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Inter Parfums during the third quarter valued at approximately $265,000. Finally, Crossmark Global Holdings Inc. acquired a new stake in Inter Parfums during the second quarter valued at approximately $241,000. Institutional investors and hedge funds own 55.96% of the company’s stock.

About Inter Parfums

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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