Q1 2022 EPS Estimates for Inter Parfums, Inc. Increased by Analyst (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPARGet Rating) – Equities researchers at Jefferies Financial Group raised their Q1 2022 earnings per share estimates for Inter Parfums in a report released on Tuesday, April 26th. Jefferies Financial Group analyst S. Wissink now forecasts that the company will post earnings per share of $1.00 for the quarter, up from their prior estimate of $0.96. Jefferies Financial Group also issued estimates for Inter Parfums’ Q2 2022 earnings at $1.02 EPS, Q3 2022 earnings at $0.72 EPS, Q4 2022 earnings at $0.25 EPS, Q2 2023 earnings at $0.84 EPS and Q3 2023 earnings at $0.64 EPS.

Several other equities research analysts also recently issued reports on the stock. Citigroup cut their target price on shares of Inter Parfums from $104.00 to $99.00 and set a “neutral” rating for the company in a research note on Thursday, March 3rd. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating and set a $92.00 target price for the company. in a research note on Tuesday, March 29th. DA Davidson reiterated a “buy” rating and issued a $131.00 target price on shares of Inter Parfums in a research note on Friday, March 4th. Finally, StockNews.com assumed coverage on shares of Inter Parfums in a research report on Thursday, March 31st. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $111.75.

Shares of NASDAQ:IPAR opened at $81.30 on Thursday. Inter Parfums has a 52-week low of $67.00 and a 52-week high of $108.35. The company has a market capitalization of $2.58 billion, a P/E ratio of 29.67 and a beta of 1.03. The company has a 50-day simple moving average of $86.36 and a 200 day simple moving average of $90.92. The company has a debt-to-equity ratio of 0.18, a quick ratio of 2.09 and a current ratio of 2.90.

Inter Parfums (NASDAQ:IPARGet Rating) last issued its earnings results on Tuesday, March 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.12. Inter Parfums had a net margin of 9.94% and a return on equity of 11.92%. The business had revenue of $210.72 million during the quarter, compared to the consensus estimate of $171.25 million. During the same period last year, the business posted $0.47 EPS. Inter Parfums’s revenue was up 14.5% on a year-over-year basis.

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Tuesday, March 15th were issued a dividend of $0.50 per share. The ex-dividend date was Monday, March 14th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.25. This represents a $2.00 annualized dividend and a dividend yield of 2.46%. Inter Parfums’s dividend payout ratio (DPR) is currently 72.99%.

In other news, CFO Philippe Santi sold 2,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $98.87, for a total transaction of $197,740.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 44.50% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in IPAR. Morgan Stanley increased its stake in Inter Parfums by 178.6% in the second quarter. Morgan Stanley now owns 139,468 shares of the company’s stock valued at $10,042,000 after acquiring an additional 89,404 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in shares of Inter Parfums during the third quarter worth $220,000. SG Americas Securities LLC bought a new stake in shares of Inter Parfums during the third quarter worth $2,097,000. Victory Capital Management Inc. grew its stake in shares of Inter Parfums by 11.0% during the third quarter. Victory Capital Management Inc. now owns 7,200 shares of the company’s stock worth $538,000 after buying an additional 713 shares during the last quarter. Finally, Raymond James & Associates grew its stake in shares of Inter Parfums by 44.9% during the third quarter. Raymond James & Associates now owns 109,777 shares of the company’s stock worth $8,208,000 after buying an additional 34,039 shares during the last quarter. 54.89% of the stock is currently owned by institutional investors and hedge funds.

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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