Inter Parfums, Inc. (IPAR) Releases 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.

Several analysts recently commented on the stock. Sidoti downgraded shares of Inter Parfums from a buy rating to a neutral rating in a research report on Thursday, November 2nd. Zacks Investment Research raised shares of Inter Parfums from a hold rating to a buy rating and set a $52.00 price objective on the stock in a research report on Thursday, October 26th. DA Davidson downgraded shares of Inter Parfums from a buy rating to a neutral rating and set a $49.00 price objective on the stock. in a research report on Thursday, October 26th. KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the company a buy rating in a research report on Monday, October 16th. Finally, BidaskClub raised shares of Inter Parfums from a buy rating to a strong-buy rating in a research report on Saturday, August 26th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of Buy and a consensus target price of $44.50.

Shares of Inter Parfums, Inc. (NASDAQ IPAR) traded down $0.05 during midday trading on Monday, hitting $43.25. 63,600 shares of the stock were exchanged, compared to its average volume of 83,456. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. The stock has a market cap of $1,348.83, a P/E ratio of 31.80, a PEG ratio of 2.73 and a beta of 1.80. Inter Parfums, Inc. has a 12-month low of $30.45 and a 12-month high of $46.80.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $169.50 million for the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The business’s quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.52 EPS. equities research analysts forecast that Inter Parfums, Inc. will post 1.29 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.21 per share. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date is Thursday, December 28th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio (DPR) is presently 51.13%.

In related news, Director Patrick Choel sold 750 shares of the firm’s stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Torres Robert Bensoussan sold 6,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 12th. The stock was 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. In the last ninety days, insiders have sold 9,250 shares of company stock worth $382,733. 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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