Inter Parfums (IPAR) Scheduled to Post Earnings on Tuesday

Inter Parfums (NASDAQ:IPAR) is set to release its earnings data after the market closes on Tuesday, May 7th. Analysts expect Inter Parfums to post earnings of $1.64 per share for the quarter. Inter Parfums has set its FY24 guidance at $5.15 EPS and its FY 2024 guidance at 5.150-5.150 EPS.Persons interested in participating in the company’s earnings conference call can do so using this link.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, February 27th. The company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($0.03). The firm had revenue of $328.74 million during the quarter, compared to analyst estimates of $329.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.71 earnings per share. On average, analysts expect Inter Parfums to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

Inter Parfums Stock Performance

Shares of IPAR opened at $119.11 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58. Inter Parfums has a 1 year low of $114.88 and a 1 year high of $156.75. The stock has a market capitalization of $3.81 billion, a P/E ratio of 25.08 and a beta of 1.19. The company’s fifty day moving average is $133.17 and its two-hundred day moving average is $135.07.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a dividend of $0.75 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.63. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.52%. Inter Parfums’s dividend payout ratio is 63.16%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. DA Davidson reaffirmed a “buy” rating and set a $192.00 price target on shares of Inter Parfums in a research note on Friday, April 26th. Piper Sandler lowered their price objective on shares of Inter Parfums from $176.00 to $172.00 and set an “overweight” rating on the stock in a research note 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 research note on Wednesday, April 17th.

Insiders Place Their Bets

In other news, Director Gilbert Harrison sold 250 shares of the stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $150.42, for a total transaction of $37,605.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $150,420. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 43.90% of the stock is owned by corporate 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.