Inter Parfums (NASDAQ:IPAR) Issues Earnings Results, Beats Estimates By $0.09 EPS

Inter Parfums (NASDAQ:IPAR) announced its quarterly earnings data on Tuesday. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09, Briefing.com reports. Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The company had revenue of $342.00 million for the quarter, compared to the consensus estimate of $342.00 million. During the same period in the prior year, the firm posted $1.09 EPS. The company’s quarterly revenue was up 10.7% compared to the same quarter last year. Inter Parfums updated its FY24 guidance to $5.15 EPS.

Inter Parfums Stock Down 2.4 %

IPAR traded down $3.26 during trading on Friday, hitting $130.96. The company had a trading volume of 85,411 shares, compared to its average volume of 146,227. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.43. The business has a 50-day moving average of $122.55 and a 200-day moving average of $129.90. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $156.75. The company has a market cap of $4.19 billion, a PE ratio of 30.18 and a beta of 1.18.

Inter Parfums Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research firms have commented on IPAR. BWS Financial reaffirmed a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Thursday. DA Davidson reaffirmed a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a 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 for the company in a research note on Friday, July 12th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Piper Sandler restated an “overweight” rating and issued a $151.00 target price (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, Inter Parfums presently has a consensus rating of “Moderate Buy” and an average target price of $163.75.

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.