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

Inter Parfums (NASDAQ:IPAR) updated its FY 2024 earnings guidance on Tuesday. The company provided EPS guidance of 5.150-5.150 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Inter Parfums from $155.00 to $164.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 4th. BWS Financial reiterated a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Monday, November 11th. Finally, DA Davidson reiterated a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Tuesday, December 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $159.75.

Inter Parfums Trading Up 0.8 %

Shares of Inter Parfums stock opened at $138.43 on Wednesday. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $156.75. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 29.71 and a beta of 1.20. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. The company’s 50-day moving average price is $127.47 and its 200-day moving average price is $124.38.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly 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. The firm had revenue of $425.00 million for 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 company’s revenue for the quarter was up 15.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.66 earnings per share. On average, equities analysts expect that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of Inter Parfums stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total transaction of $532,160.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 43.90% of the stock is currently owned by insiders.

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.