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

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

Wall Street Analyst Weigh In

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

Inter Parfums Stock Performance

Inter Parfums stock opened at $143.29 on Friday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The firm’s fifty day moving average price is $135.35 and its 200 day moving average price is $128.90. The company has a market capitalization of $4.59 billion, a price-to-earnings ratio of 30.75 and a beta of 1.20. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter in the previous year, the firm posted $1.66 earnings per share. The company’s revenue was up 15.5% compared to the same quarter last year. On average, research analysts forecast that Inter Parfums will post 5.14 EPS for the current fiscal year.

Insider Buying and Selling

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