Inter Parfums (NASDAQ:IPAR) Issues FY24 Earnings Guidance

Inter Parfums (NASDAQ:IPAR) issued an update on its FY24 earnings guidance on Tuesday morning. The company provided EPS guidance of $5.15 for the period, compared to the consensus EPS estimate of $5.14. The company issued revenue guidance of $1.45 billion, compared to the consensus revenue estimate of $1.45 billion.

Inter Parfums Stock Performance

Shares of NASDAQ IPAR traded down $3.23 during trading hours on Friday, reaching $130.99. The stock had a trading volume of 21,498 shares, compared to its average volume of 145,809. The firm has a market cap of $4.19 billion, a price-to-earnings ratio of 30.93 and a beta of 1.18. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The firm has a 50-day moving average of $122.33 and a 200-day moving average of $129.95. The company has a current ratio of 2.75, a quick ratio of 1.43 and a debt-to-equity ratio of 0.13.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. The business had revenue of $342.00 million during the quarter, compared to the consensus estimate of $342.00 million. Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.09 earnings per share. Equities research analysts predict that Inter Parfums will post 5.15 earnings per share for the current year.

Inter Parfums Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 13th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend is Friday, September 13th. Inter Parfums’s dividend payout ratio (DPR) is presently 69.12%.

Analyst Ratings Changes

IPAR has been the topic of several analyst reports. BWS Financial reiterated a buy rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Thursday. StockNews.com upgraded shares of Inter Parfums from a sell rating to a hold rating in a research report on Wednesday. Jefferies Financial Group raised shares of Inter Parfums from a hold rating to a buy rating and set a $140.00 price objective on the stock in a research note on Friday, July 12th. DA Davidson restated a buy rating and issued a $192.00 target price on shares of Inter Parfums in a research note on Wednesday. Finally, Piper Sandler reiterated an overweight rating and set a $151.00 price target (up from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $163.75.

Inter Parfums Company Profile

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