Inter Parfums, Inc. (IPAR) Updates FY17 Earnings Guidance
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.
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