Inter Parfums, Inc. (NASDAQ:IPAR) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.25-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.24. The company issued revenue guidance of $564.47 million, compared to the consensus revenue estimate of prior $1.20-1.24.
A number of research firms have commented on IPAR. Citigroup Inc. restated a buy rating and issued a $45.00 price target (up from $42.00) on shares of Inter Parfums in a research report on Thursday. DA Davidson reiterated a buy rating and set a $45.00 target price (up from $44.00) on shares of Inter Parfums in a research report on Thursday. BidaskClub upgraded shares of Inter Parfums from a hold rating to a buy rating in a research report on Monday, July 24th. Zacks Investment Research upgraded shares of Inter Parfums from a hold rating to a strong-buy rating and set a $43.00 target price on the stock in a research report on Thursday, July 20th. Finally, Jefferies Group LLC began coverage on shares of Inter Parfums in a report on Friday, June 2nd. They issued a hold rating and a $35.00 price objective on the stock. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of $40.43.
Shares of Inter Parfums, Inc. (NASDAQ IPAR) traded down 1.67% during midday trading on Friday, reaching $38.35. 62,265 shares of the company’s stock traded hands. The stock has a market cap of $1.20 billion, a P/E ratio of 29.73 and a beta of 1.77. Inter Parfums, Inc. has a 52-week low of $29.40 and a 52-week high of $41.70. The stock has a 50-day moving average price of $37.38 and a 200-day moving average price of $36.02.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.02. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The firm had revenue of $129.10 million during the quarter, compared to the consensus estimate of $122.57 million. During the same period last year, the company earned $0.19 earnings per share. The company’s revenue was up 10.2% on a year-over-year basis. Analysts forecast that Inter Parfums, Inc. will post $1.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 28th. This represents a $0.68 annualized dividend and a dividend yield of 1.77%. Inter Parfums’s payout ratio is presently 52.31%.
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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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