Inter Parfums (NASDAQ:IPAR) Issues FY24 Earnings Guidance

Inter Parfums (NASDAQ:IPAR) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $5.15 for the period, compared to the consensus EPS estimate of $5.16. The company issued revenue guidance of $1.45 billion, compared to the consensus revenue estimate of $1.45 billion. Inter Parfums also updated its FY 2024 guidance to 5.150-5.150 EPS.

Wall Street Analyst Weigh In

IPAR has been the topic of several research analyst reports. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Wednesday. Piper Sandler restated an “overweight” rating and issued a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. 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 report on Friday, July 12th. Finally, DA Davidson reaffirmed a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Inter Parfums currently has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Inter Parfums Stock Up 0.8 %

IPAR stock opened at $121.25 on Thursday. The business’s fifty day moving average price is $122.63 and its two-hundred day moving average price is $122.67. The stock has a market capitalization of $3.88 billion, a price-to-earnings ratio of 27.94 and a beta of 1.15. 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 0.12, a current ratio of 2.58 and a quick ratio of 1.27.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The business had revenue of $342.00 million during the quarter, compared to analysts’ expectations of $342.00 million. During the same quarter in the previous year, the company earned $1.09 EPS. The business’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Inter Parfums will post 5.15 earnings per share for the current year.

Insider Buying and Selling

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 43.90% of the stock is currently owned by company insiders.

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.