Inter Parfums (NASDAQ:IPAR) Issues FY 2024 Earnings Guidance

Inter Parfums (NASDAQ:IPAR) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of 5.150-5.150 for the period, compared to the consensus estimate of 5.150. The company issued revenue guidance of $1.5 billion-$1.5 billion, compared to the consensus revenue estimate of $1.5 billion.

Inter Parfums Stock Up 2.3 %

IPAR stock opened at $143.29 on Friday. The stock has a market capitalization of $4.59 billion, a PE ratio of 30.75 and a beta of 1.20. The company has a fifty day moving average of $135.35 and a 200-day moving average of $128.90. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. Inter Parfums has a one year low of $108.39 and a one year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, beating analysts’ consensus estimates of $1.83 by $0.10. The firm had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm’s revenue was up 15.5% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. As a group, analysts expect that Inter Parfums will post 5.14 EPS for the current year.

Analyst Ratings Changes

IPAR has been the subject of a number of recent analyst reports. Piper Sandler raised their target price on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Canaccord Genuity Group began coverage on shares of Inter Parfums in a report on Thursday, January 16th. They set a “buy” rating and a $158.00 price objective on the stock. DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research report on Thursday, January 23rd. Finally, BWS Financial restated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Monday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Inter Parfums currently has a consensus rating of “Moderate Buy” and a consensus price target of $159.40.

Insiders Place Their Bets

In other news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 43.90% of the stock is currently owned by company insiders.

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.