Inter Parfums, Inc. (NASDAQ:IPAR) issued an update on its FY18 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.45. The company issued revenue guidance of $620 million, compared to the consensus revenue estimate of $618.30 million.
Shares of Inter Parfums, Inc. (NASDAQ IPAR) opened at $43.20 on Tuesday. The stock has a market cap of $1,348.83, a price-to-earnings ratio of 31.80, a price-to-earnings-growth ratio of 2.73 and a beta of 1.80. Inter Parfums, Inc. has a twelve month low of $30.45 and a twelve month high of $46.80. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54.
Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The firm had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. During the same period last year, the company posted $0.52 EPS. The company’s quarterly revenue was up 7.6% compared to the same quarter last year. equities analysts expect that Inter Parfums, Inc. will post 1.29 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a dividend of $0.21 per share. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Thursday, December 28th. Inter Parfums’s dividend payout ratio (DPR) is 51.13%.
A number of brokerages recently issued reports on IPAR. Citigroup Inc. reissued a buy rating and set a $45.00 price target (up from $42.00) on shares of Inter Parfums in a research report on Thursday, August 10th. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the company a buy rating in a research report on Monday, October 16th. DA Davidson cut shares of Inter Parfums from a buy rating to a neutral rating and set a $49.00 price target for the company. in a research report on Thursday, October 26th. Zacks Investment Research raised shares of Inter Parfums from a hold rating to a buy rating and set a $46.00 target price for the company in a report on Thursday, September 21st. Finally, Sidoti cut shares of Inter Parfums from a buy rating to a neutral rating in a report on Thursday, November 2nd. Three research 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’s stock. The company currently has a consensus rating of Buy and a consensus target price of $44.50.
In other Inter Parfums news, CFO Russell Greenberg sold 2,500 shares of Inter Parfums stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $39.60, for a total transaction of $99,000.00. Following the transaction, the chief financial officer now owns 5,500 shares of the company’s stock, valued at $217,800. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of Inter Parfums stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. Insiders have sold 9,250 shares of company stock worth $382,733 in the last ninety days. Insiders own 45.40% of the company’s stock.
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Inter Parfums Company Profile
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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