Q4 2016 Earnings Estimate for Inter Parfums Inc. Issued By BWS Financial (IPAR)

Q4 2016 Earnings Estimate for Inter Parfums Inc. Issued By BWS Financial (IPAR)

Inter Parfums Inc. (NASDAQ:IPAR) – BWS Financial cut their Q4 2016 EPS estimates for shares of Inter Parfums in a research report issued on Thursday. BWS Financial analyst H. Khorsand now forecasts that the firm will post earnings of $0.12 per share for the quarter, down from their previous estimate of $0.18.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, November 8th. The company reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The firm had revenue of $157.60 million for the quarter, compared to the consensus estimate of $155.23 million. Inter Parfums had a return on equity of 6.62% and a net margin of 6.20%. The business’s quarterly revenue was up 13.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.46 EPS.

Several other research analysts have also recently weighed in on the stock. Brean Capital upped their price target on shares of Inter Parfums from $36.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, August 15th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Wednesday, October 26th. TheStreet raised shares of Inter Parfums from a “hold” rating to a “buy” rating in a report on Wednesday, August 10th. Citigroup Inc. upped their price target on shares of Inter Parfums from $35.00 to $40.00 and gave the stock a “buy” rating in a report on Thursday, August 11th. Finally, Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $33.00 price target (up previously from $29.00) on shares of Inter Parfums in a report on Saturday, August 13th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Inter Parfums presently has an average rating of “Buy” and an average price target of $36.71.

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Inter Parfums (NASDAQ:IPAR) opened at 32.40 on Monday. The firm has a market capitalization of $1.01 billion, a P/E ratio of 34.47 and a beta of 1.63. Inter Parfums has a one year low of $20.37 and a one year high of $35.07. The firm’s 50-day moving average price is $32.08 and its 200 day moving average price is $31.25.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.10%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.15. The ex-dividend date of this dividend is Wednesday, December 28th. Inter Parfums’s dividend payout ratio is presently 59.41%.

In other Inter Parfums news, insider Henry B. Clarke sold 12,418 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $34.51, for a total transaction of $428,545.18. Following the completion of the sale, the insider now directly owns 9,125 shares in the company, valued at $314,903.75. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Russell Greenberg sold 12,323 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $34.62, for a total transaction of $426,622.26. Following the sale, the chief financial officer now owns 3,000 shares of the company’s stock, valued at $103,860. The disclosure for this sale can be found here. Company insiders own 45.50% of the company’s stock.

A number of hedge funds have recently bought and sold shares of IPAR. Citadel Advisors LLC raised its stake in Inter Parfums by 70.9% in the third quarter. Citadel Advisors LLC now owns 13,902 shares of the company’s stock valued at $448,000 after buying an additional 5,768 shares during the last quarter. Morgan Stanley raised its stake in Inter Parfums by 852.0% in the third quarter. Morgan Stanley now owns 52,437 shares of the company’s stock valued at $1,692,000 after buying an additional 46,929 shares during the last quarter. Principal Financial Group Inc. raised its stake in Inter Parfums by 2.8% in the third quarter. Principal Financial Group Inc. now owns 123,589 shares of the company’s stock valued at $3,988,000 after buying an additional 3,394 shares during the last quarter. Northern Trust Corp raised its stake in Inter Parfums by 10.2% in the third quarter. Northern Trust Corp now owns 842,779 shares of the company’s stock valued at $27,196,000 after buying an additional 77,754 shares during the last quarter. Finally, Columbus Circle Investors acquired a new stake in Inter Parfums during the third quarter valued at about $7,476,000. Institutional investors and hedge funds own 53.43% of the company’s stock.

Inter Parfums Company Profile

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