Inter Parfums (IPAR) Announces Quarterly Earnings, Misses Estimates By $0.02 EPS
Inter Parfums (NASDAQ:IPAR) released its earnings data on Monday. The company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by $0.02, Stock Ratings Network.com reports. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $118.23 million.
A number of analysts have recently weighed in on IPAR shares. 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 issued a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $32.13.
Inter Parfums (NASDAQ:IPAR) traded up 2.58% during mid-day trading on Monday, hitting $27.84. 117,575 shares of the company’s stock traded hands. Inter Parfums has a one year low of $25.62 and a one year high of $38.94. The stock has a 50-day moving average of $28.10 and a 200-day moving average of $31.62. The company has a market cap of $861.1 million and a P/E ratio of 51.02.
The company also recently declared a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, 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 1.77%.
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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