Inter Parfums, Inc. (NASDAQ:IPAR) updated its FY17 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of $1.25-1.27 for the period, compared to the Thomson Reuters consensus estimate of $1.27. The company issued revenue guidance of $560-570 million, compared to the consensus revenue estimate of $571.34 million.
Several brokerages have recently issued reports on IPAR. Citigroup Inc. reaffirmed a buy rating and issued a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. DA Davidson reaffirmed a buy rating and issued a $45.00 price objective (up previously from $44.00) on shares of Inter Parfums in a research note on Thursday, August 10th. BidaskClub raised shares of Inter Parfums from a hold rating to a buy rating in a research note on Monday, July 24th. Zacks Investment Research raised shares of Inter Parfums from a hold rating to a strong-buy rating and set a $43.00 price objective on the stock in a research note on Thursday, July 20th. Finally, Jefferies Group LLC began coverage on shares of Inter Parfums in a research note on Friday, June 2nd. They issued a hold rating and a $35.00 price objective on the stock. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of Buy and an average price target of $42.00.
Shares of Inter Parfums, Inc. (NASDAQ:IPAR) traded down 0.13% on Friday, hitting $37.75. 251,888 shares of the company’s stock traded hands. Inter Parfums, Inc. has a 1-year low of $29.40 and a 1-year high of $41.70. The firm’s 50-day moving average price is $37.63 and its 200 day moving average price is $36.23. The company has a market cap of $1.18 billion, a price-to-earnings ratio of 29.26 and a beta of 1.77.
Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The firm had revenue of $129.10 million during the quarter, compared to analysts’ expectations of $122.57 million. Inter Parfums had a return on equity of 8.12% and a net margin of 7.14%. The company’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.19 EPS. On average, equities research analysts expect 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 paid a $0.17 dividend. The ex-dividend date is Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.80%. Inter Parfums’s dividend payout ratio (DPR) is presently 52.31%.
In other news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction dated Monday, August 14th. The stock was sold at an average price of $39.10, for a total value of $97,750.00. Following the completion of the sale, the chief financial officer now directly owns 5,500 shares of the company’s stock, valued at approximately $215,050. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 45.40% of the company’s stock.
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About Inter Parfums
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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