Inter Parfums (NASDAQ:IPAR) updated its FY18 earnings guidance on Tuesday. The company provided earnings per share guidance of approx $1.44 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.43. The company issued revenue guidance of approx $620 million, compared to the consensus revenue estimate of $625.89 million.
Inter Parfums (NASDAQ IPAR) opened at $47.00 on Wednesday. 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 has a 12-month low of $33.72 and a 12-month high of $48.35. The stock has a market cap of $1,489.17, a P/E ratio of 35.11, a price-to-earnings-growth ratio of 2.72 and a beta of 1.70.
IPAR has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Inter Parfums from a hold rating to a buy rating and set a $50.00 price target for the company in a research report on Saturday, February 3rd. BidaskClub upgraded shares of Inter Parfums from a sell rating to a hold rating in a research report on Saturday. DA Davidson upgraded shares of Inter Parfums from a neutral rating to a buy rating and upped their price target for the company from $46.00 to $51.00 in a research report on Wednesday, January 10th. BWS Financial set a $56.00 price target on shares of Inter Parfums and gave the company a buy rating in a research report on Monday, February 26th. Finally, Citigroup set a $52.00 price target on shares of Inter Parfums and gave the company a buy rating in a research report on Wednesday, January 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Inter Parfums has an average rating of Hold and an average target price of $46.86.
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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