DA Davidson Comments on Inter Parfums, Inc.’s Q1 2019 Earnings (IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at DA Davidson reduced their Q1 2019 earnings per share estimates for shares of Inter Parfums in a research report issued on Tuesday, November 13th. DA Davidson analyst L. Weiser now anticipates that the company will post earnings per share of $0.43 for the quarter, down from their prior estimate of $0.46. DA Davidson has a “Buy” rating and a $72.00 price objective 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 announced its earnings results on Monday, November 5th. The company reported $0.60 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.02. Inter Parfums had a net margin of 7.74% and a return on equity of 8.60%. The business had revenue of $177.21 million during the quarter, compared to the consensus estimate of $181.14 million. During the same quarter last year, the firm earned $0.55 earnings per share. Inter Parfums’s quarterly revenue was up 4.5% on a year-over-year basis.



IPAR has been the subject of a number of other research reports. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Wednesday, October 10th. BidaskClub raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Saturday, October 27th. Citigroup set a $64.00 target price on shares of Inter Parfums and gave the stock a “hold” rating in a research note on Wednesday, November 7th. Jefferies Financial Group set a $60.00 target price on shares of Inter Parfums and gave the stock a “hold” rating in a research note on Wednesday, August 8th. Finally, BWS Financial lifted their target price on shares of Inter Parfums from $56.00 to $65.00 and gave the stock a “buy” rating in a research note on Wednesday, July 25th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $67.80.

Shares of NASDAQ IPAR opened at $59.81 on Wednesday. Inter Parfums has a twelve month low of $41.30 and a twelve month high of $67.50. The firm has a market cap of $1.93 billion, a P/E ratio of 44.97, a PEG ratio of 3.12 and a beta of 1.30. The company has a quick ratio of 2.37, a current ratio of 3.36 and a debt-to-equity ratio of 0.05.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Monday, December 31st will be paid a $0.275 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.21. This represents a $1.10 annualized dividend and a yield of 1.84%. The ex-dividend date of this dividend is Friday, December 28th. Inter Parfums’s payout ratio is 63.16%.

In other Inter Parfums news, insider Pelayo Frederic Garcia sold 3,600 shares of Inter Parfums stock in a transaction on Tuesday, September 4th. The shares were sold at an average price of $65.20, for a total value of $234,720.00. Following the completion of the sale, the insider now directly owns 1,000 shares of the company’s stock, valued at $65,200. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Russell Greenberg sold 1,059 shares of Inter Parfums stock in a transaction on Tuesday, August 28th. The shares were sold at an average price of $66.50, for a total transaction of $70,423.50. Following the completion of the sale, the chief financial officer now directly owns 44 shares of the company’s stock, valued at $2,926. The disclosure for this sale can be found here. Insiders own 45.00% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of IPAR. Itau Unibanco Holding S.A. acquired a new position in shares of Inter Parfums during the second quarter valued at about $150,000. SG Americas Securities LLC grew its holdings in shares of 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 during the last quarter. Piedmont Investment Advisors LLC acquired a new position in shares of Inter Parfums during the second quarter valued at about $215,000. Crossmark Global Holdings Inc. acquired a new position in shares of Inter Parfums during the second quarter valued at about $241,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Inter Parfums during the third quarter valued at about $265,000. 56.30% of the stock is owned by hedge funds and other institutional investors.

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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Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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