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.

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

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