Inter Parfums, Inc. (IPAR) Updates FY18 Earnings Guidance
Inter Parfums, Inc. (NASDAQ:IPAR) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $1.40 for the period, compared to the Thomson Reuters consensus estimate of $1.45. The company issued revenue guidance of $620 million, compared to the consensus revenue estimate of $618.30 million.
Inter Parfums, Inc. (IPAR) opened at $41.90 on Wednesday. The firm has a market capitalization of $1,347.27, a P/E ratio of 31.76, a PEG ratio of 2.73 and a beta of 1.80. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. Inter Parfums, Inc. has a 52 week low of $30.45 and a 52 week high of $46.80.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $169.50 million for the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The firm’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.52 earnings per share. research analysts expect that Inter Parfums, Inc. will post 1.29 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a dividend of $0.21 per share. The ex-dividend date is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.00%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio (DPR) is 51.13%.
IPAR has been the topic of a number of recent research reports. Zacks Investment Research lowered Inter Parfums from a buy rating to a hold rating in a research note on Wednesday, August 30th. BidaskClub upgraded Inter Parfums from a buy rating to a strong-buy rating in a research note on Saturday, August 26th. Finally, DA Davidson reiterated a buy rating and set a $45.00 target price (up previously from $44.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The company currently has an average rating of Buy and an average target price of $44.50.
In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of the firm’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total transaction of $252,540.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Patrick Choel sold 750 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $41.59, for a total value of $31,192.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 9,250 shares of company stock worth $382,733. Corporate insiders own 45.40% of the company’s stock.
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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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