Inter Parfums (NASDAQ:IPAR) Issues FY24 Earnings Guidance

Inter Parfums (NASDAQ:IPAR) issued an update on its FY24 earnings guidance on Tuesday 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 Up 1.8 %

IPAR traded up $2.11 on Thursday, hitting $120.59. 210,234 shares of the company were exchanged, compared to its average volume of 145,017. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.14. The company has a market cap of $3.86 billion, a price-to-earnings ratio of 25.39 and a beta of 1.19. The firm has a 50-day moving average price of $131.38 and a two-hundred day moving average price of $134.95. Inter Parfums has a twelve month low of $114.71 and a twelve month high of $156.75.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, May 7th. The company reported $1.27 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.29). The firm had revenue of $323.96 million for the quarter, compared to analyst estimates of $324.00 million. Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The company’s revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the firm earned $1.68 EPS. On average, equities analysts predict that Inter Parfums will post 5.15 earnings per share for the current year.

Inter Parfums Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on IPAR shares. DA Davidson reaffirmed a buy rating and issued a $192.00 target price on shares of Inter Parfums in a research report on Thursday. Piper Sandler reduced their target price on Inter Parfums from $176.00 to $172.00 and set an overweight rating for the company in a report on Thursday, April 25th. Finally, BWS Financial reissued a buy rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Wednesday, April 17th.

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.