Inter Parfums Inc. (IPAR) Releases FY14 Earnings Guidance
Inter Parfums Inc. (NASDAQ:IPAR) updated its FY14 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of $0.93-0.95 for the period, compared to the Thomson Reuters consensus estimate of $1.05, AR Network reports. The company issued revenue guidance of $495 million, compared to the consensus revenue estimate of $510.98 million.
IPAR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Inter Parfums from an underperform rating to a neutral rating in a research note on Wednesday, July 9th. They now have a $29.40 price target on the stock. On a related note, analysts at Sidoti upgraded shares of Inter Parfums from a neutral rating to a buy rating in a research note on Monday, June 16th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of $35.10.
Shares of Inter Parfums Inc. (NASDAQ:IPAR) traded up 1.21% on Wednesday, hitting $27.67. 85,250 shares of the company’s stock traded hands. Inter Parfums Inc. 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 $28.90 and a 200-day moving average of $32.27. The company has a market cap of $855.9 million and a price-to-earnings ratio of 51.39.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, May 7th. The company reported $0.29 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $1.03 earnings per share. The company’s revenue for the quarter was down 43.1% on a year-over-year basis. On average, analysts predict that Inter Parfums Inc. will post $1.06 earnings per share for the current fiscal year.
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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