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

Inter Parfums (NASDAQ:IPARGet Rating) updated its FY 2022 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $3.00-$3.00 for the period, compared to the consensus 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 recently weighed in on the company. Citigroup raised Inter Parfums from a neutral rating to a buy rating and set a $99.00 price objective for the company in a research report on Monday, May 16th. DA Davidson reaffirmed a buy rating and set a $131.00 price objective on shares of Inter Parfums in a research report on Friday, March 4th. 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 research report on Tuesday, March 29th. Finally, StockNews.com initiated coverage on Inter Parfums in a research report on Thursday, March 31st. They set a hold rating for the company. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of Buy and an average target price of $111.75.

Shares of NASDAQ IPAR opened at $71.21 on Tuesday. The stock has a 50 day moving average price of $82.19 and a 200 day moving average price of $90.15. Inter Parfums has a 52 week low of $67.00 and a 52 week high of $108.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 2.03 and a current ratio of 2.94. The stock has a market capitalization of $2.27 billion, a PE ratio of 23.98 and a beta of 1.02.

Inter Parfums (NASDAQ:IPARGet Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.94 by $0.16. The firm had revenue of $250.68 million during the quarter, compared to analysts’ expectations of $240.04 million. Inter Parfums had a return on equity of 12.74% and a net margin of 10.20%. The business’s quarterly revenue was up 26.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.87 earnings per share. As a group, research analysts forecast that Inter Parfums will post 3.02 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Wednesday, June 15th will be paid a $0.50 dividend. The ex-dividend date is Tuesday, June 14th. This represents a $2.00 annualized dividend and a yield of 2.81%. Inter Parfums’s dividend payout ratio is 67.34%.

A number of large investors have recently added to or reduced their stakes in the business. Thrivent Financial for Lutherans increased its stake in shares of Inter Parfums by 0.9% during the fourth quarter. Thrivent Financial for Lutherans now owns 14,462 shares of the company’s stock worth $1,546,000 after purchasing an additional 133 shares during the period. American Century Companies Inc. increased its stake in shares of Inter Parfums by 21.1% during the first quarter. American Century Companies Inc. now owns 16,915 shares of the company’s stock worth $1,489,000 after purchasing an additional 2,949 shares during the period. Deutsche Bank AG increased its stake in shares of Inter Parfums by 3.9% during the fourth quarter. Deutsche Bank AG now owns 12,932 shares of the company’s stock worth $1,382,000 after purchasing an additional 483 shares during the period. Citigroup Inc. increased its stake in shares of Inter Parfums by 10.0% during the first quarter. Citigroup Inc. now owns 15,487 shares of the company’s stock worth $1,364,000 after purchasing an additional 1,412 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in shares of Inter Parfums by 14.1% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 15,320 shares of the company’s stock worth $1,349,000 after purchasing an additional 1,889 shares during the period. Hedge funds and other 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.

Further Reading

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

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