Inter Parfums (NASDAQ:IPAR) Announces Earnings Results

Inter Parfums (NASDAQ:IPAR) released its quarterly earnings results on Wednesday. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10, Briefing.com reports. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The company had revenue of $425.00 million during the quarter, compared to the consensus estimate of $425.00 million. During the same quarter in the prior year, the company posted $1.66 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. Inter Parfums updated its FY24 guidance to $5.15 EPS.

Inter Parfums Trading Down 2.5 %

Inter Parfums stock traded down $3.14 during mid-day trading on Thursday, hitting $124.92. The company’s stock had a trading volume of 219,008 shares, compared to its average volume of 143,988. The business has a 50 day moving average price of $122.33 and a 200-day moving average price of $122.41. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 29.17 and a beta of 1.16. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $156.75. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 1.27.

Insider Transactions at Inter Parfums

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company’s stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 43.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on IPAR shares. Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Friday, July 12th. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Wednesday, October 23rd. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Piper Sandler reissued an “overweight” rating and issued a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. Finally, DA Davidson restated a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $156.50.

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.