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

Inter Parfums (NASDAQ:IPARGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided EPS guidance of $3.00-$3.00 for the period, compared to the consensus EPS estimate of $3.03. The company issued revenue guidance of $975.00 million-$975.00 million, compared to the consensus revenue estimate of $982.53 million.

Several research analysts have issued reports on the company. Zacks Investment Research lowered Inter Parfums from a buy rating to a hold rating and set a $92.00 price target on the stock. in a report on Tuesday, March 29th. Citigroup cut their price target 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 restated a buy rating and issued a $131.00 target price on shares of Inter Parfums in a report on Friday, March 4th. Finally, StockNews.com assumed coverage on Inter Parfums in a report on Thursday, March 31st. They issued a hold rating on the stock. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $111.75.

Shares of IPAR stock traded down $0.40 during trading hours on Tuesday, reaching $78.49. The company had a trading volume of 148,859 shares, compared to its average volume of 98,556. The business has a fifty day simple moving average of $84.48 and a 200-day simple moving average of $91.32. The company has a market cap of $2.49 billion, a price-to-earnings ratio of 28.78 and a beta of 1.02. Inter Parfums has a 12 month low of $67.00 and a 12 month high of $108.35. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.90 and a quick ratio of 2.09.

Inter Parfums (NASDAQ:IPARGet Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($0.04) EPS for the quarter, topping 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%. Inter Parfums’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. On average, equities research analysts expect that Inter Parfums will post 3.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were issued a dividend of $0.50 per share. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.25. This represents a $2.00 dividend on an annualized basis and a yield of 2.55%. The ex-dividend date of this dividend was Monday, March 14th. Inter Parfums’s dividend payout ratio (DPR) is 72.99%.

A number of institutional investors have recently modified their holdings of the stock. Parametric Portfolio Associates LLC increased its position in Inter Parfums by 30.6% in the fourth quarter. Parametric Portfolio Associates LLC now owns 97,778 shares of the company’s stock worth $10,453,000 after buying an additional 22,898 shares during the last quarter. Morgan Stanley increased its position in Inter Parfums by 178.6% in the second quarter. Morgan Stanley now owns 139,468 shares of the company’s stock worth $10,042,000 after buying an additional 89,404 shares during the last quarter. Invesco Ltd. increased its position in Inter Parfums by 51.6% in the fourth quarter. Invesco Ltd. now owns 82,710 shares of the company’s stock worth $8,842,000 after buying an additional 28,166 shares during the last quarter. Legal & General Group Plc increased its position in Inter Parfums by 8.9% in the fourth quarter. Legal & General Group Plc now owns 53,440 shares of the company’s stock worth $5,713,000 after buying an additional 4,365 shares during the last quarter. Finally, Sei Investments Co. increased its position in Inter Parfums by 86.3% in the fourth quarter. Sei Investments Co. now owns 26,447 shares of the company’s stock worth $2,829,000 after buying an additional 12,253 shares during the last quarter. Institutional investors and hedge funds own 57.42% of the company’s stock.

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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