Inter Parfums (NASDAQ:IPAR) Issues Earnings Results

Inter Parfums (NASDAQ:IPAR - Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.27 EPS for the quarter, missing analysts' consensus estimates of $1.56 by ($0.29), Briefing.com reports. 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 in the previous year, the firm posted $1.68 earnings per share. The company's revenue for the quarter was up 3.9% on a year-over-year basis. Inter Parfums updated its FY24 guidance to $5.15 EPS.

Inter Parfums Price Performance

Shares of IPAR stock traded down $4.79 during trading hours on Wednesday, hitting $118.48. The company had a trading volume of 339,994 shares, compared to its average volume of 144,285. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 24.94 and a beta of 1.19. 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 12 month low of $114.71 and a 12 month high of $156.75. The firm's fifty day moving average is $131.38 and its 200 day moving average is $134.95.

Inter Parfums Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.75 dividend. 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 2.53%. The ex-dividend date was Thursday, March 14th. Inter Parfums's dividend payout ratio is currently 63.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on IPAR shares. BWS Financial restated a "buy" rating and set a $172.00 price target on shares of Inter Parfums in a research note on Wednesday, April 17th. DA Davidson restated a "buy" rating and set a $192.00 price target on shares of Inter Parfums in a research note on Friday, April 26th. Finally, Piper Sandler lowered their price objective on Inter Parfums from $176.00 to $172.00 and set an "overweight" rating on the stock in a research note on Thursday, April 25th.

Insider Transactions at Inter Parfums

In other news, Director Gilbert Harrison sold 250 shares of the business's stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of $150.42, for a total value of $37,605.00. Following the transaction, the director now directly owns 1,000 shares of the company's stock, valued at approximately $150,420. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 43.90% of the stock is owned by company insiders.

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.