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

Inter Parfums (NASDAQ:IPAR) updated its FY 2024 earnings guidance on Wednesday. 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.

Analyst Ratings Changes

Several brokerages recently commented on IPAR. BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Monday. Piper Sandler upped their target price on Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. Canaccord Genuity Group started coverage on Inter Parfums in a research note on Thursday, January 16th. They set a “buy” rating and a $158.00 target price on the stock. Finally, DA Davidson restated a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a research note on Thursday, January 23rd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $159.40.

Inter Parfums Stock Down 1.5 %

Shares of NASDAQ:IPAR opened at $141.32 on Wednesday. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $156.75. The company has a market capitalization of $4.53 billion, a PE ratio of 30.33 and a beta of 1.20. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.60 and a current ratio of 2.82. The company has a fifty day moving average of $134.84 and a 200-day moving average of $128.72.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter in the prior year, the firm earned $1.66 EPS. The business’s revenue for the quarter was up 15.5% compared to the same quarter last year. On average, equities analysts predict that Inter Parfums will post 5.15 EPS for the current fiscal year.

Insider Buying and Selling

In related news, COO Pelayo Frederic Garcia sold 4,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 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.