Inter Parfums (NASDAQ:IPAR) Releases FY22 Earnings Guidance

Inter Parfums (NASDAQ:IPARGet Rating) issued an update on its FY22 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $3.00 for the period, compared to the consensus estimate of $3.00. The company issued revenue guidance of $975 million, compared to the consensus revenue estimate of $982.53 million.Inter Parfums also updated its FY 2022 guidance to $3.00-$3.00 EPS.

IPAR opened at $78.49 on Wednesday. Inter Parfums has a 12-month low of $67.00 and a 12-month high of $108.35. The stock has a market cap of $2.49 billion, a price-to-earnings ratio of 28.65 and a beta of 1.02. The business has a 50 day moving average of $84.23 and a 200-day moving average of $91.23. The company has a quick ratio of 2.09, a current ratio of 2.90 and a debt-to-equity ratio of 0.18.

Inter Parfums (NASDAQ:IPARGet Rating) last released its quarterly earnings data on Tuesday, May 10th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.16. Inter Parfums had a return on equity of 11.92% and a net margin of 9.94%. The company had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $240.04 million. During the same period last year, the firm posted $0.87 earnings per share. The business’s revenue was up 26.3% on a year-over-year basis. As a group, analysts expect that Inter Parfums will post 3.05 earnings per share for the current year.

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

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

Several institutional investors and hedge funds have recently modified their holdings of IPAR. Norges Bank bought a new position in shares of Inter Parfums in the 4th quarter valued at $17,373,000. Morgan Stanley grew its position in Inter Parfums by 178.6% during the 2nd quarter. Morgan Stanley now owns 139,468 shares of the company’s stock worth $10,042,000 after acquiring an additional 89,404 shares during the last quarter. Invesco Ltd. grew its position in Inter Parfums by 51.6% during the 4th quarter. Invesco Ltd. now owns 82,710 shares of the company’s stock worth $8,842,000 after acquiring an additional 28,166 shares during the last quarter. Parametric Portfolio Associates LLC grew its position in Inter Parfums by 30.6% during the 4th quarter. Parametric Portfolio Associates LLC now owns 97,778 shares of the company’s stock worth $10,453,000 after acquiring an additional 22,898 shares during the last quarter. Finally, Sei Investments Co. grew its position in Inter Parfums by 86.3% during the 4th quarter. Sei Investments Co. now owns 26,447 shares of the company’s stock worth $2,829,000 after acquiring an additional 12,253 shares during the last quarter. Institutional investors 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.

See Also

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

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