Inter Parfums, Inc. (IPAR) Issues FY17 Earnings Guidance
Inter Parfums, Inc. (NASDAQ:IPAR) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $1.25-1.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24. The company issued revenue guidance of $564.47 million, compared to the consensus revenue estimate of prior $1.20-1.24.
Several brokerages have weighed in on IPAR. Zacks Investment Research raised Inter Parfums from a hold rating to a buy rating and set a $43.00 target price on the stock in a research report on Monday, May 1st. BidaskClub raised Inter Parfums from a hold rating to a buy rating in a research report on Monday. Jefferies Group LLC began coverage on Inter Parfums in a research report on Friday, June 2nd. They issued a hold rating and a $35.00 target price on the stock. Finally, DA Davidson reaffirmed a buy rating and issued a $44.00 target price on shares of Inter Parfums in a research report on Monday, May 8th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. Inter Parfums currently has an average rating of Buy and an average price target of $39.57.
Inter Parfums, Inc. (NASDAQ:IPAR) traded up 1.06% during mid-day trading on Wednesday, hitting $38.05. The stock had a trading volume of 56,014 shares. The stock’s 50-day moving average is $36.19 and its 200 day moving average is $35.45. Inter Parfums, Inc. has a 52 week low of $28.80 and a 52 week high of $41.70. The company has a market capitalization of $1.19 billion, a P/E ratio of 30.20 and a beta of 1.76.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.06. The business had revenue of $143.10 million for the quarter, compared to the consensus estimate of $120.05 million. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. Inter Parfums’s quarterly revenue was up 28.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.24 earnings per share. Equities analysts forecast that Inter Parfums, Inc. will post $1.25 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Wednesday, June 28th. Inter Parfums’s dividend payout ratio is currently 53.54%.
About Inter Parfums
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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