Inter Parfums (NASDAQ:IPAR) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.88 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.89. The company issued revenue guidance of $720.27 million, compared to the consensus revenue estimate of prior $1.85.Inter Parfums also updated its Q1 2019 guidance to EPS.
NASDAQ:IPAR traded up $0.78 during trading hours on Wednesday, reaching $75.38. 66,671 shares of the company were exchanged, compared to its average volume of 124,208. The company has a quick ratio of 2.18, a current ratio of 3.05 and a debt-to-equity ratio of 0.04. The company has a market cap of $2.34 billion, a P/E ratio of 44.08, a P/E/G ratio of 3.22 and a beta of 0.92. Inter Parfums has a 52-week low of $45.25 and a 52-week high of $80.99.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Monday, March 4th. The company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.07. Inter Parfums had a net margin of 7.96% and a return on equity of 9.17%. The company had revenue of $177.20 million for the quarter, compared to the consensus estimate of $169.80 million. During the same quarter last year, the firm posted $0.14 earnings per share. Inter Parfums’s revenue was up 18.5% on a year-over-year basis. Research analysts forecast that Inter Parfums will post 1.88 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. BidaskClub lowered shares of Inter Parfums from a buy rating to a hold rating in a research report on Friday, March 22nd. Zacks Investment Research lowered shares of Inter Parfums from a buy rating to a hold rating in a research report on Thursday, April 11th. Six investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $76.00.
In related news, CFO Russell Greenberg sold 3,941 shares of the firm’s stock in a transaction on Wednesday, February 6th. The shares were sold at an average price of $67.25, for a total transaction of $265,032.25. Following the completion of the sale, the chief financial officer now directly owns 3,941 shares of the company’s stock, valued at approximately $265,032.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 15,949 shares of company stock valued at $1,115,271. Company insiders own 45.00% of the company’s stock.
WARNING: “Inter Parfums (IPAR) Updates FY19 Earnings Guidance” was first posted by Baseball Daily News and is owned by of Baseball Daily News. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this piece can be accessed at https://www.baseballdailydigest.com/news/2019/04/25/inter-parfums-ipar-updates-fy19-earnings-guidance.html.
Inter Parfums Company Profile
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.
Recommended Story: Why is the LIBOR significant?
Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.