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

Inter Parfums (NASDAQ:IPAR - Get Free Report) issued an update on its FY 2024 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 5.150-5.150 for the period, compared to the consensus earnings per share 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 0.1 %

Shares of IPAR traded up $0.20 during midday trading on Tuesday, hitting $137.58. The stock had a trading volume of 68,119 shares, compared to its average volume of 144,397. The firm has a market cap of $4.41 billion, a price-to-earnings ratio of 29.48 and a beta of 1.20. The company has a 50 day simple moving average of $127.33 and a two-hundred day simple moving average of $124.25. Inter Parfums has a twelve month low of $108.39 and a twelve month high of $156.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. During the same quarter last year, the firm earned $1.66 EPS. Inter Parfums's revenue for the quarter was up 15.5% compared to the same quarter last year. On average, analysts anticipate that Inter Parfums will post 5.15 EPS for the current year.

Analyst Ratings Changes

IPAR has been the subject of a number of analyst reports. BWS Financial reaffirmed a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research report on Monday, November 11th. Piper Sandler raised their price objective on Inter Parfums from $155.00 to $164.00 and gave the company an "overweight" rating in a report on Wednesday, December 4th. Finally, DA Davidson reiterated a "buy" rating and set a $163.00 target price on shares of Inter Parfums in a report on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $159.75.

Insider Buying and Selling at Inter Parfums

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

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.