Inter Parfums (NASDAQ:IPAR – Get Free Report) updated its FY24 earnings guidance on Tuesday. The company provided earnings per share guidance of $5.15 for the period, compared to the consensus earnings per share 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 Performance
IPAR stock traded up $2.11 on Thursday, hitting $120.59. The company had a trading volume of 210,234 shares, 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. Inter Parfums has a 12-month low of $114.71 and a 12-month high of $156.75. The stock has a market cap of $3.86 billion, a price-to-earnings ratio of 25.39 and a beta of 1.19. The stock’s 50-day simple moving average is $131.38 and its 200 day simple moving average is $134.95.
Inter Parfums (NASDAQ:IPAR – Get Free Report) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.29). Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The business had revenue of $323.96 million during the quarter, compared to the consensus estimate of $324.00 million. During the same quarter last year, the company earned $1.68 EPS. Inter Parfums’s revenue for the quarter was up 3.9% on a year-over-year basis. As a group, equities research analysts expect that Inter Parfums will post 5.15 earnings per share for the current fiscal year.
Inter Parfums Announces Dividend
Wall Street Analysts Forecast Growth
IPAR has been the subject of a number of research analyst reports. Piper Sandler cut 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. BWS Financial reiterated a buy rating and issued a $172.00 price target on shares of Inter Parfums in a research note on Wednesday, April 17th. Finally, DA Davidson restated a buy rating and set a $192.00 price objective on shares of Inter Parfums in a research report on Thursday.
View Our Latest Stock Analysis on Inter Parfums
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.
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