Inter Parfums, Inc. (NASDAQ:IPAR) Posts Earnings Results, Beats Estimates By $0.02 EPS
Inter Parfums, Inc. (NASDAQ:IPAR) issued its quarterly earnings data on Monday. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02, Briefing.com reports. Inter Parfums had a net margin of 7.12% and a return on equity of 8.10%. The firm had revenue of $129.10 million during the quarter, compared to analysts’ expectations of $122.57 million. During the same period last year, the company earned $0.19 earnings per share. The business’s revenue was up 10.2% on a year-over-year basis. Inter Parfums updated its FY17 guidance to $1.25-1.27 EPS.
Inter Parfums (IPAR) traded down 0.65% on Monday, hitting $38.45. 95,489 shares of the company were exchanged. The stock has a market capitalization of $1.20 billion, a P/E ratio of 30.52 and a beta of 1.77. Inter Parfums has a 52 week low of $29.40 and a 52 week high of $41.70. The company has a 50 day moving average price of $36.79 and a 200-day moving average price of $35.72.
The company also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date of this dividend was Wednesday, June 28th. Inter Parfums’s payout ratio is currently 53.54%.
A number of research analysts recently weighed in on the stock. BidaskClub raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Thursday, June 15th. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday, July 12th. DA Davidson reissued a “buy” rating and set a $44.00 price target on shares of Inter Parfums in a research report on Monday, May 8th. Finally, Jefferies Group LLC assumed coverage on shares of Inter Parfums in a research report on Friday, June 2nd. They set a “hold” rating and a $35.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Inter Parfums has a consensus rating of “Buy” and an average target price of $39.57.
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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