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%.

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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.

Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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