Inter Parfums (NASDAQ:IPAR) Issues Earnings Results

Inter Parfums (NASDAQ:IPAR) issued its quarterly earnings data on Tuesday. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.29), Briefing.com reports. The company had revenue of $323.96 million during the quarter, compared to analysts’ expectations of $324.00 million. Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the company earned $1.68 earnings per share. Inter Parfums updated its FY24 guidance to $5.15 EPS.

Inter Parfums Stock Performance

IPAR traded down $0.28 on Friday, hitting $120.31. The company’s stock had a trading volume of 15,717 shares, compared to its average volume of 143,556. The company’s 50 day simple moving average is $130.85 and its 200-day simple moving average is $134.85. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. Inter Parfums has a 12 month low of $114.71 and a 12 month high of $156.75. The firm has a market cap of $3.85 billion, a P/E ratio of 25.39 and a beta of 1.19.

Inter Parfums Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 2.49%. The ex-dividend date is Friday, June 14th. Inter Parfums’s dividend payout ratio (DPR) is currently 63.16%.

Analyst Ratings Changes

Several research firms have commented on IPAR. Piper Sandler decreased their price objective on shares of Inter Parfums from $176.00 to $172.00 and set an “overweight” rating for the company in a research note on Thursday, April 25th. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Thursday. Finally, DA Davidson restated a “buy” rating and set a $192.00 price target on shares of Inter Parfums in a research report on Thursday.

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.