Inter Parfums (IPAR) to Release Quarterly Earnings on Wednesday

Inter Parfums (NASDAQ:IPAR - Get Free Report) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 6th. Analysts expect Inter Parfums to post earnings of $1.83 per share for the quarter. Inter Parfums has set its FY24 guidance at $5.15 EPS.Persons that are interested in participating in the company's earnings conference call can do so using this link.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, topping analysts' consensus estimates of $1.05 by $0.09. The business had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company's revenue was up 10.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.09 earnings per share. On average, analysts expect Inter Parfums to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Inter Parfums Price Performance

Shares of IPAR traded up $0.62 during mid-day trading on Friday, reaching $121.69. The stock had a trading volume of 223,639 shares, compared to its average volume of 143,414. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of 27.93 and a beta of 1.15. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $156.75. The business has a fifty day moving average of $122.32 and a 200 day moving average of $122.43. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58.

Insider Activity at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 43.90% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have weighed in on IPAR. BWS Financial reiterated a "buy" rating and issued a $172.00 price target on shares of Inter Parfums in a research report on Wednesday, October 23rd. Piper Sandler reissued an "overweight" rating and issued a $151.00 target price (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Jefferies Financial Group raised shares of Inter Parfums from a "hold" rating to a "buy" rating and set a $140.00 target price on the stock in a report on Friday, July 12th. DA Davidson reissued a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a report on Tuesday, October 22nd. Finally, StockNews.com raised shares of Inter Parfums from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Inter Parfums currently has a consensus rating of "Moderate Buy" and a consensus price target of $156.50.

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.