Inter Parfums (NASDAQ:IPAR) Updates FY 2022 Earnings Guidance

Inter Parfums (NASDAQ:IPARGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share guidance of $3.000-$3.000 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.040. The company issued revenue guidance of $975 million-$975 million, compared to the consensus revenue estimate of $982.53 million.Inter Parfums also updated its Q1 2022 guidance to EPS.

Several research firms have issued reports on IPAR. StockNews.com began coverage on Inter Parfums in a research report on Thursday, March 31st. They issued a hold rating for the company. Citigroup lowered their target price on Inter Parfums from $104.00 to $99.00 and set a neutral rating on the stock in a report on Thursday, March 3rd. DA Davidson reissued a buy rating and issued a $131.00 target price on shares of Inter Parfums in a report on Friday, March 4th. Finally, Zacks Investment Research lowered Inter Parfums from a buy rating to a hold rating and set a $92.00 target price on the stock. in a report on Tuesday, March 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $111.75.

Shares of IPAR traded down $2.91 during trading hours on Tuesday, reaching $79.58. 89,481 shares of the company traded hands, compared to its average volume of 97,650. The company has a quick ratio of 2.09, a current ratio of 2.90 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $2.53 billion, a PE ratio of 30.11 and a beta of 1.03. Inter Parfums has a fifty-two week low of $67.00 and a fifty-two week high of $108.35. The stock has a fifty day simple moving average of $87.00 and a 200 day simple moving average of $91.07.

Inter Parfums (NASDAQ:IPARGet Rating) last posted its quarterly earnings data on Tuesday, March 1st. The company reported ($0.04) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.12. The business had revenue of $210.72 million for the quarter, compared to analyst estimates of $171.25 million. Inter Parfums had a return on equity of 11.92% and a net margin of 9.94%. The business’s revenue for the quarter was up 14.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.47 earnings per share. Research analysts predict that Inter Parfums will post 3.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were paid a dividend of $0.50 per share. The ex-dividend date was Monday, March 14th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.51%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.25. Inter Parfums’s dividend payout ratio (DPR) is presently 72.99%.

In other Inter Parfums news, CFO Philippe Santi sold 2,000 shares of Inter Parfums stock in a transaction dated Tuesday, February 8th. The stock was sold at an average price of $98.87, for a total value of $197,740.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 44.50% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans grew its stake in shares of Inter Parfums by 0.9% during the 4th quarter. Thrivent Financial for Lutherans now owns 14,462 shares of the company’s stock valued at $1,546,000 after buying an additional 133 shares during the period. Alliancebernstein L.P. grew its stake in shares of Inter Parfums by 1.3% during the 4th quarter. Alliancebernstein L.P. now owns 25,682 shares of the company’s stock valued at $2,745,000 after buying an additional 335 shares during the period. California State Teachers Retirement System grew its stake in shares of Inter Parfums by 1.8% during the 4th quarter. California State Teachers Retirement System now owns 24,462 shares of the company’s stock valued at $2,615,000 after buying an additional 434 shares during the period. Deutsche Bank AG grew its stake in shares of Inter Parfums by 3.9% during the 4th quarter. Deutsche Bank AG now owns 12,932 shares of the company’s stock valued at $1,382,000 after buying an additional 483 shares during the period. Finally, William Blair Investment Management LLC grew its stake in shares of Inter Parfums by 1.7% during the 4th quarter. William Blair Investment Management LLC now owns 231,837 shares of the company’s stock valued at $24,783,000 after buying an additional 3,796 shares during the period. 54.89% of the stock is owned by institutional investors.

Inter Parfums Company Profile (Get Rating)

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. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

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Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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