Inter Parfums Inc. (IPAR) Releases FY14 Earnings Guidance
Inter Parfums Inc. (NASDAQ:IPAR) updated its FY14 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of ~$0.90-0.95 for the period, compared to the Thomson Reuters consensus estimate of $1.11, AnalystRatings.Net reports. The company issued revenue guidance of ~$475 million, compared to the consensus revenue estimate of $489.97 million.Inter Parfums also updated its FY13 guidance to ~$1.18 EPS.
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 investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $30.25.
Shares of Inter Parfums Inc. (NASDAQ:IPAR) opened at 27.70 on Thursday. Inter Parfums Inc. has a 1-year low of $16.38 and a 1-year high of $34.96. The stock’s 50-day moving average is $29.85 and its 200-day moving average is $28.80. The company has a market cap of $853.0 million and a price-to-earnings ratio of 5.90.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, August 7th. The company reported $0.12 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was down 19.2% on a year-over-year basis. On average, analysts predict that Inter Parfums Inc. will post $1.23 earnings per share 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.
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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