Inter Parfums Upgraded by Sidoti to Buy (IPAR)
Inter Parfums (NASDAQ:IPAR) was upgraded by Sidoti from a “neutral” rating to a “buy” rating in a research note issued on Monday, TheFlyOnTheWall.com reports.
Separately, analysts at Zacks downgraded shares of Inter Parfums from a “neutral” rating to an “underperform” rating in a research note on Monday, May 12th. They now have a $30.30 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $35.33.
Shares of Inter Parfums (NASDAQ:IPAR) traded up 6.31% during mid-day trading on Monday, hitting $29.50. The stock had a trading volume of 111,004 shares. Inter Parfums has a one year low of $26.02 and a one year high of $38.94. The stock has a 50-day moving average of $31.33 and a 200-day moving average of $33.50. The company has a market cap of $912.5 million and a P/E ratio of 52.16.
Inter Parfums (NASDAQ:IPAR) last released its earnings data on Wednesday, May 7th. The company reported $0.29 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.30 by $0.01. The company had revenue of $121.70 million for the quarter, compared to the consensus estimate of $121.70 million. During the same quarter in the prior year, the company posted $1.03 earnings per share. The company’s quarterly revenue was down 43.1% on a year-over-year basis. Analysts expect that Inter Parfums will post $1.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 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, June 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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