Inter Parfums (NASDAQ:IPAR – Get Free Report) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of $5.15 for the period, compared to the consensus estimate of $5.16. The company issued revenue guidance of $1.45 billion, compared to the consensus revenue estimate of $1.45 billion.
Inter Parfums Stock Down 1.1 %
Inter Parfums stock traded down $1.32 during mid-day trading on Monday, reaching $119.30. The stock had a trading volume of 102,863 shares, compared to its average volume of 143,876. The firm has a market capitalization of $3.82 billion, a PE ratio of 27.75 and a beta of 1.15. The stock’s 50-day simple moving average is $122.97 and its 200-day simple moving average is $122.84. 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 has a fifty-two week low of $108.39 and a fifty-two week high of $156.75.
Inter Parfums (NASDAQ:IPAR – Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The business had revenue of $342.00 million during the quarter, compared to analyst estimates of $342.00 million. During the same period in the prior year, the firm posted $1.09 EPS. Inter Parfums’s quarterly revenue was up 10.7% compared to the same quarter last year. On average, sell-side analysts forecast that Inter Parfums will post 5.15 EPS for the current fiscal year.
Analysts Set New Price Targets
Check Out Our Latest Research Report on IPAR
Insider Activity at Inter Parfums
In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 43.90% of the stock is owned by corporate insiders.
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.
Featured Articles
- Five stocks we like better than Inter Parfums
- With Risk Tolerance, One Size Does Not Fit All
- Analysts Predict New Highs for Cybersecurity Stock by Christmas
- How to Evaluate a Stock Before BuyingÂ
- Nuclear Power Reaches Critical Mass: Top Stocks to Watch Now
- Breakout Stocks: What They Are and How to Identify Them
- 2 Energy Stocks Surging on Billion-Dollar DOE Loan Commitments
Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.