Inter Parfums, Inc. (IPAR) Updates FY14 Earnings Guidance
Inter Parfums, Inc. (NASDAQ:IPAR) issued an update on its FY14 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $0.93-0.95 for the period, compared to the Thomson Reuters consensus estimate of $0.97, AnalystRatingsNetwork.com reports. The company issued revenue guidance of ~$495 million, compared to the consensus revenue estimate of $504.76 million.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Inter Parfums from a neutral rating to an underperform rating in a research note on Thursday. They now have a $25.50 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a neutral rating on shares of Inter Parfums in a research note on Friday, July 25th. They now have a $32.00 price target on the stock, down previously from $36.00. Finally, analysts at B. Riley cut their price target on shares of Inter Parfums from $40.00 to $35.00 in a research note on Friday, July 25th. They now have a buy rating on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Inter Parfums has an average rating of Buy and an average price target of $32.13.
Inter Parfums, Inc. (NASDAQ:IPAR) traded up 2.58% on Monday, hitting $27.84. The stock had a trading volume of 117,575 shares. Inter Parfums, Inc. has a one year low of $25.62 and a one year high of $38.94. The stock’s 50-day moving average is $27.97 and its 200-day moving average is $31.56. The company has a market cap of $861.1 million and a P/E ratio of 51.02.
Inter Parfums (NASDAQ:IPAR) last released its earnings data on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $118.23 million. During the same quarter last year, the company posted $0.12 earnings per share. Inter Parfums’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Inter Parfums, Inc. will post $0.99 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 1.72%.
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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