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

Inter Parfums (NASDAQ:IPAR - Get Free Report) 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.

Analyst Ratings Changes

IPAR has been the subject of a number of research analyst reports. Piper Sandler lifted their price objective on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 4th. BWS Financial reaffirmed a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday, January 27th. Canaccord Genuity Group began coverage on shares of Inter Parfums in a report on Thursday, January 16th. They issued a "buy" rating and a $158.00 price target on the stock. Finally, DA Davidson restated a "buy" rating and set a $163.00 price objective on shares of Inter Parfums in a report on Thursday, January 23rd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, Inter Parfums presently has an average rating of "Moderate Buy" and an average price target of $159.40.

Inter Parfums Stock Performance

Inter Parfums stock traded down $2.27 during midday trading on Friday, hitting $141.02. The company's stock had a trading volume of 91,342 shares, compared to its average volume of 102,810. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The company has a market cap of $4.52 billion, a price-to-earnings ratio of 30.26 and a beta of 1.20. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $156.75. The company has a 50-day moving average price of $135.49 and a two-hundred day moving average price of $129.02.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share for the quarter, beating analysts' consensus estimates of $1.83 by $0.10. The company 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 quarterly revenue was up 15.5% on a year-over-year basis. During the same period in the previous year, the business earned $1.66 earnings per share. As a group, sell-side analysts predict that Inter Parfums will post 5.14 earnings per share for the current year.

Insider Activity

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

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.