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.
Several research firms have recently weighed in on IPAR. Zacks Investment Research upgraded shares of Inter Parfums from a sell rating to a buy rating and set a $53.00 target price for the company in a research note on Tuesday, January 16th. BidaskClub downgraded shares of Inter Parfums from a buy rating to a hold rating in a research note on Friday, December 29th. KeyCorp downgraded shares of Inter Parfums from an overweight rating to a sector weight rating in a research note on Monday, January 22nd. Citigroup downgraded shares of Inter Parfums from a buy rating to a neutral rating and set a $52.00 target price for the company. in a research note on Monday, January 22nd. Finally, DA Davidson reduced their target price on shares of Inter Parfums from $49.00 to $46.00 and set a neutral rating for the company in a research note on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of $46.86.
Shares of Inter Parfums (NASDAQ IPAR) traded down $0.75 during trading hours on Tuesday, reaching $47.00. 116,138 shares of the company traded hands, compared to its average volume of 121,503. The stock has a market capitalization of $1,465.78, a PE ratio of 34.56, a P/E/G ratio of 2.68 and a beta of 1.70. Inter Parfums has a 12 month low of $33.72 and a 12 month high of $48.35. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07.
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.
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.