Inter Parfums (IPAR) Updates FY 2019 Earnings Guidance

Inter Parfums (NASDAQ:IPAR) issued an update on its FY 2019 earnings guidance on Monday morning. The company provided earnings per share guidance of $1.81-1.81 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.89. The company issued revenue guidance of $705-705 million, compared to the consensus revenue estimate of $722.63 million.Inter Parfums also updated its FY19 guidance to ~$1.81 EPS.

NASDAQ IPAR opened at $61.50 on Tuesday. Inter Parfums has a 52 week low of $41.30 and a 52 week high of $67.50. The stock has a market cap of $1.92 billion, a PE ratio of 38.25, a price-to-earnings-growth ratio of 3.10 and a beta of 1.30. The company has a quick ratio of 2.37, a current ratio of 3.36 and a debt-to-equity ratio of 0.05.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Monday, November 5th. The company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.58 by $0.02. Inter Parfums had a net margin of 7.74% and a return on equity of 8.60%. The firm had revenue of $177.21 million during the quarter, compared to analyst estimates of $181.14 million. During the same quarter in the prior year, the firm earned $0.55 EPS. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. Sell-side analysts forecast that Inter Parfums will post 1.61 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Stockholders of record on Monday, December 31st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, December 28th. This represents a $1.10 annualized dividend and a dividend yield of 1.79%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.21. Inter Parfums’s dividend payout ratio is presently 63.16%.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Inter Parfums from a hold rating to a strong-buy rating and set a $68.00 price objective for the company in a research note on Saturday, October 27th. BidaskClub upgraded Inter Parfums from a hold rating to a buy rating in a research note on Thursday, July 19th. DA Davidson boosted their price objective on Inter Parfums to $72.00 and gave the company a buy rating in a research note on Friday, August 10th. Citigroup set a $64.00 price objective on Inter Parfums and gave the company a hold rating in a research note on Wednesday, November 7th. Finally, Jefferies Financial Group set a $60.00 price objective on Inter Parfums and gave the company a hold rating in a research note on Wednesday, August 8th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. Inter Parfums currently has a consensus rating of Buy and a consensus price target of $68.40.

In other Inter Parfums news, insider Pelayo Frederic Garcia sold 3,600 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $65.20, for a total value of $234,720.00. Following the completion of the transaction, the insider now directly owns 1,000 shares in the company, valued at approximately $65,200. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Russell Greenberg sold 1,059 shares of the company’s stock in a transaction that occurred on Tuesday, August 28th. The stock was sold at an average price of $66.50, for a total value of $70,423.50. Following the completion of the transaction, the chief financial officer now owns 44 shares of the company’s stock, valued at $2,926. The disclosure for this sale can be found here. Corporate insiders own 45.00% of the company’s stock.

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About Inter Parfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Lanvin, Montblanc, Paul Smith, Repetto, Rochas, S.T.

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

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