Inter Parfums, Inc. (IPAR) Issues FY17 Earnings Guidance

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.

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

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