Inter Parfums, Inc. (NASDAQ:IPAR) issued an update on its FY17 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.25-1.27 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.27. The company issued revenue guidance of $560-570 million, compared to the consensus revenue estimate of $571.34 million.

Inter Parfums, Inc. (NASDAQ IPAR) traded down 0.65% during mid-day trading on Monday, hitting $38.45. The stock had a trading volume of 95,489 shares. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 30.52 and a beta of 1.77. Inter Parfums, Inc. has a 12 month low of $29.40 and a 12 month high of $41.70. The stock’s 50-day moving average price is $36.79 and its 200-day moving average price is $35.72.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 9th. The company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. The firm had revenue of $143.10 million during the quarter, compared to analysts’ expectations of $120.05 million. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. The company’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 EPS. On average, analysts predict that Inter Parfums, Inc. will post $1.27 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Wednesday, June 28th. Inter Parfums’s dividend payout ratio (DPR) is 53.54%.

IPAR has been the subject of a number of recent research reports. BidaskClub cut Inter Parfums from a buy rating to a hold rating in a report on Wednesday, July 12th. Zacks Investment Research cut Inter Parfums from a buy rating to a hold rating in a report on Wednesday, July 12th. DA Davidson restated a buy rating and set a $44.00 price objective on shares of Inter Parfums in a report on Monday, May 8th. Finally, Jefferies Group LLC started coverage on Inter Parfums in a report on Friday, June 2nd. They set a hold rating and a $35.00 price objective for the company. Two equities research 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. The stock presently has a consensus rating of Buy and an average price target of $39.57.

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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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