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

Inter Parfums (NASDAQ:IPAR) updated its FY 2024 earnings guidance on Monday. 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 also updated its FY24 guidance to $5.15 EPS.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Jefferies Financial Group upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Friday, July 12th. Piper Sandler reissued an “overweight” rating and issued a $151.00 price target (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. BWS Financial reissued a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Thursday, August 8th. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, DA Davidson reissued a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a report on Friday, September 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $156.50.

Inter Parfums Trading Down 1.1 %

Inter Parfums stock traded down $1.32 during trading on Monday, hitting $119.30. The company’s stock had a trading volume of 102,864 shares, compared to its average volume of 143,876. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 27.75 and a beta of 1.15. The stock’s fifty day moving average is $122.97 and its 200 day moving average is $122.84. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $156.75. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58.

Inter Parfums (NASDAQ:IPAR) last released its earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, beating the consensus estimate of $1.05 by $0.09. The firm had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.09 earnings per share. As a group, equities research analysts predict that Inter Parfums will post 5.15 EPS for the current year.

Insider Transactions at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company 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.