Inter Parfums, Inc. (NASDAQ:IPAR – Get Rating) – Equities researchers at DA Davidson upped their Q1 2022 earnings estimates for shares of Inter Parfums in a research note issued on Wednesday, April 27th. DA Davidson analyst L. Weiser now expects that the company will post earnings of $0.93 per share for the quarter, up from their previous estimate of $0.66. DA Davidson has a “Buy” rating and a $131.00 price objective on the stock.
A number of other research analysts have also recently commented on the company. Citigroup dropped their price target on Inter Parfums from $104.00 to $99.00 and set a “neutral” rating for the company in a research note on Thursday, March 3rd. StockNews.com began coverage on Inter Parfums in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Zacks Investment Research downgraded Inter Parfums from a “buy” rating to a “hold” rating and set a $92.00 price target for the company. in a research note on Tuesday, March 29th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $111.75.
Inter Parfums (NASDAQ:IPAR – Get Rating) last issued its quarterly earnings results on Tuesday, March 1st. The company reported ($0.04) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.16) by $0.12. The business had revenue of $210.72 million for the quarter, compared to the consensus estimate of $171.25 million. Inter Parfums had a return on equity of 11.92% and a net margin of 9.94%. The firm’s quarterly revenue was up 14.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 earnings per share.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Morgan Stanley lifted its position in Inter Parfums by 178.6% during the second quarter. Morgan Stanley now owns 139,468 shares of the company’s stock valued at $10,042,000 after purchasing an additional 89,404 shares during the last quarter. Commonwealth Equity Services LLC bought a new position in Inter Parfums during the third quarter valued at $220,000. SG Americas Securities LLC bought a new position in Inter Parfums during the third quarter valued at $2,097,000. Victory Capital Management Inc. lifted its position in Inter Parfums by 11.0% during the third quarter. Victory Capital Management Inc. now owns 7,200 shares of the company’s stock valued at $538,000 after purchasing an additional 713 shares during the last quarter. Finally, Raymond James & Associates lifted its position in Inter Parfums by 44.9% during the third quarter. Raymond James & Associates now owns 109,777 shares of the company’s stock valued at $8,208,000 after purchasing an additional 34,039 shares during the last quarter. 54.89% of the stock is owned by hedge funds and other institutional investors.
In related news, CFO Philippe Santi sold 2,000 shares of the business’s stock in a transaction dated Tuesday, February 1st. The shares were sold at an average price of $99.33, for a total transaction of $198,660.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 44.50% of the stock is owned by insiders.
The business also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Investors of record on Tuesday, March 15th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $2.00 annualized dividend and a dividend yield of 2.41%. This is a boost from Inter Parfums’s previous quarterly dividend of $0.25. Inter Parfums’s payout ratio is currently 72.99%.
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.
- Get a free copy of the StockNews.com research report on Inter Parfums (IPAR)
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