Inter Parfums (IPAR) Set to Announce Quarterly Earnings on Tuesday

Inter Parfums (NASDAQ:IPAR) will be issuing its quarterly earnings data after the market closes on Tuesday, May 7th. Analysts expect the company to announce 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.Individual interested in listening to the company’s earnings conference call can do so using this link.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results 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). Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The company had revenue of $328.74 million during the quarter, compared to analysts’ expectations of $329.00 million. During the same quarter last year, the firm posted $0.71 earnings per share. The firm’s revenue was up 5.8% on a year-over-year basis. 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 Trading Up 0.5 %

NASDAQ IPAR opened at $119.11 on Monday. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14. The stock’s 50-day simple moving average is $133.17 and its two-hundred day simple moving average is $135.12. Inter Parfums has a twelve month low of $114.88 and a twelve month high of $156.75. The company has a market capitalization of $3.81 billion, a price-to-earnings ratio of 25.08 and a beta of 1.19.

Inter Parfums Increases Dividend

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

Insider Activity at Inter Parfums

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

Analyst Upgrades and Downgrades

IPAR has been the subject of a number of recent research reports. DA Davidson restated a “buy” rating and issued a $192.00 target price on shares of Inter Parfums in a research report 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 for the company in a report on Thursday, April 25th. Finally, BWS Financial reaffirmed a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a report on Wednesday, April 17th.

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.