Inter Parfums (NASDAQ:IPAR) Updates FY24 Earnings Guidance

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

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. DA Davidson reaffirmed a buy rating and set a $192.00 price target on shares of Inter Parfums in a research note on Monday, July 22nd. Piper Sandler reiterated an overweight rating and issued a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. BWS Financial reiterated a buy rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Thursday, May 9th. StockNews.com lowered Inter Parfums from a hold rating to a sell rating in a research note on Wednesday, July 24th. Finally, Jefferies Financial Group raised Inter Parfums from a hold rating to a buy rating and set a $140.00 target price for the company in a research note on Friday, July 12th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $163.75.

Inter Parfums Stock Performance

NASDAQ IPAR traded up $2.36 on Tuesday, reaching $130.28. 139,560 shares of the company’s stock traded hands, compared to its average volume of 146,527. The firm has a market cap of $4.17 billion, a price-to-earnings ratio of 29.47 and a beta of 1.18. The stock has a 50 day moving average price of $121.39 and a 200-day moving average price of $129.99. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 2.75.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.29). Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The business had revenue of $323.96 million for the quarter, compared to analysts’ expectations of $324.00 million. During the same period in the prior year, the company posted $1.68 EPS. The firm’s revenue was up 3.9% on a year-over-year basis. Equities research analysts predict that Inter Parfums will post 5.15 EPS for the current fiscal year.

About Inter Parfums

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.