Inter Parfums Inc. (IPAR) Issues FY13 Earnings Guidance
Inter Parfums Inc. (NASDAQ:IPAR) issued an update on its FY13 earnings guidance on Thursday morning. The company provided EPS guidance of ~$1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.23, Analyst Ratings Network reports. The company issued revenue guidance of ~$540 million, compared to the consensus revenue estimate of $539.31 million.Inter Parfums also updated its FY14 guidance to ~$0.90-0.95 EPS.
Inter Parfums Inc. (NASDAQ:IPAR) opened at 27.70 on Thursday. Inter Parfums Inc. has a one year low of $16.38 and a one year high of $34.96. The stock has a 50-day moving average of $29.85 and a 200-day moving average of $28.80. The company has a market cap of $853.0 million and a P/E ratio of 5.90.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.12 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.08 by $0.04. The company had revenue of $117.50 million for the quarter, compared to the consensus estimate of $117.50 million. During the same quarter last year, the company posted $0.20 earnings per share. Inter Parfums’s revenue was down 19.2% compared to the same quarter last year. Analysts expect that Inter Parfums Inc. will post $1.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 14th. Investors of record on Monday, September 30th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, September 26th.
A number of research firms have recently commented on IPAR. Analysts at Zacks downgraded shares of Inter Parfums (NASDAQ:IPAR) from an outperform rating to a neutral rating in a research note to investors on Tuesday. They now have a $32.50 price target on the stock. On a related note, analysts at B. Riley upgraded shares of Inter Parfums (NASDAQ:IPAR) from a neutral rating to a buy rating in a research note to investors on Monday. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, analysts at Sidoti upgraded shares of Inter Parfums (NASDAQ:IPAR) from a neutral rating to a buy rating in a research note to investors on Tuesday, August 20th.
Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Inter Parfums has a consensus rating of Buy and a consensus price target of $30.25.
Inter Parfums, Inc operates in the fragrance business, and manufactures, markets and distributes an array of fragrances and fragrance related products.
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