Inter Parfums (IPAR) to Release Earnings on Tuesday

Inter Parfums (NASDAQ:IPAR - Get Free Report) is scheduled to issue 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.Parties interested in registering for the company's conference call can do so using this link.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last issued its earnings results on Tuesday, February 27th. The company reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.35 by ($0.03). Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The business had revenue of $328.74 million for the quarter, compared to analyst estimates of $329.00 million. During the same quarter last year, the firm posted $0.71 earnings per share. Inter Parfums'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 Price Performance

Shares of Inter Parfums stock traded down $1.41 during trading on Tuesday, hitting $116.38. 145,411 shares of the company's stock traded hands, compared to its average volume of 141,117. Inter Parfums has a twelve month low of $115.58 and a twelve month high of $156.75. The company has a market cap of $3.73 billion, a PE ratio of 24.50 and a beta of 1.13. The firm's fifty day moving average price is $135.20 and its 200 day moving average price is $135.30. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.58 and a quick ratio of 1.44.

Inter Parfums Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were issued a dividend of $0.75 per share. This is an increase from Inter Parfums's previous quarterly dividend of $0.63. This represents a $3.00 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Thursday, March 14th. Inter Parfums's dividend payout ratio (DPR) is currently 63.16%.

Wall Street Analysts Forecast Growth

IPAR has been the subject of a number of research analyst reports. Piper Sandler dropped their target price on shares of Inter Parfums from $176.00 to $172.00 and set an "overweight" rating for the company in a research note on Thursday, April 25th. DA Davidson reaffirmed a "buy" rating and issued a $192.00 target price on shares of Inter Parfums in a research note on Friday. Finally, BWS Financial reaffirmed a "buy" rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Wednesday, April 17th.

Insider Activity

In other news, Director Gilbert Harrison sold 250 shares of the company's stock in a transaction that occurred on 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 transaction, the director now owns 1,000 shares in the company, valued at $150,420. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 43.90% of the company's stock.

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.