Inter Parfums (NASDAQ:IPAR – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $1.27 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.29), Briefing.com reports. Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The firm had revenue of $323.96 million during the quarter, compared to analysts’ expectations of $324.00 million. During the same period last year, the company earned $1.68 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Inter Parfums updated its FY24 guidance to $5.15 EPS.
Inter Parfums Stock Up 1.2 %
Inter Parfums stock traded up $1.46 during trading hours on Thursday, reaching $119.94. The stock had a trading volume of 17,630 shares, compared to its average volume of 142,720. The business’s 50 day moving average price is $131.38 and its 200-day moving average price is $134.95. 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 has a 52 week low of $114.71 and a 52 week high of $156.75. The company has a market cap of $3.84 billion, a price-to-earnings ratio of 24.94 and a beta of 1.19.
Inter Parfums Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were given a dividend of $0.75 per share. The ex-dividend date was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.50%. This is an increase from Inter Parfums’s previous quarterly dividend of $0.63. Inter Parfums’s dividend payout ratio (DPR) is presently 63.16%.
Wall Street Analysts Forecast Growth
Read Our Latest Research Report on Inter Parfums
About Inter Parfums
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.
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