Q1 2023 EPS Estimates for Inter Parfums, Inc. (NASDAQ:IPAR) Lifted by Analyst

Inter Parfums, Inc. (NASDAQ:IPARGet Rating) – Equities research analysts at Jefferies Financial Group raised their Q1 2023 earnings per share estimates for shares of Inter Parfums in a research note issued to investors on Tuesday, April 26th. Jefferies Financial Group analyst S. Wissink now expects that the company will post earnings per share of $0.71 for the quarter, up from their prior estimate of $0.60. Jefferies Financial Group also issued estimates for Inter Parfums’ Q4 2023 earnings at $1.08 EPS and FY2023 earnings at $3.34 EPS.

Several other research firms have also weighed in on IPAR. Citigroup reduced their price objective on Inter Parfums from $104.00 to $99.00 and set a “neutral” rating on the stock in a research note on Thursday, March 3rd. Zacks Investment Research lowered Inter Parfums from a “buy” rating to a “hold” rating and set a $92.00 price target on the stock. in a research note on Tuesday, March 29th. DA Davidson reissued a “buy” rating and set a $131.00 price target on shares of Inter Parfums in a research note on Friday, March 4th. Finally, StockNews.com began coverage on Inter Parfums in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $111.75.

NASDAQ:IPAR opened at $82.96 on Friday. The stock’s 50-day simple moving average is $86.11 and its 200 day simple moving average is $90.96. The firm has a market capitalization of $2.63 billion, a PE ratio of 30.28 and a beta of 1.03. 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 has a twelve month low of $67.00 and a twelve month high of $108.35.

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

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Tuesday, March 15th were issued a $0.50 dividend. This is an increase from Inter Parfums’s previous quarterly dividend of $0.25. This represents a $2.00 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend was Monday, March 14th. Inter Parfums’s payout ratio is presently 72.99%.

In other Inter Parfums news, CFO Philippe Santi sold 2,000 shares of Inter Parfums stock in a transaction that occurred on Tuesday, February 1st. The stock was sold at an average price of $99.33, for a total value of $198,660.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 44.50% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Copeland Capital Management LLC boosted its position in shares of Inter Parfums by 60.6% during the first quarter. Copeland Capital Management LLC now owns 549,608 shares of the company’s stock valued at $48,393,000 after buying an additional 207,336 shares during the last quarter. Norges Bank purchased a new position in shares of Inter Parfums during the fourth quarter valued at approximately $17,373,000. Eagle Asset Management Inc. boosted its position in shares of Inter Parfums by 27.2% during the third quarter. Eagle Asset Management Inc. now owns 428,298 shares of the company’s stock valued at $32,023,000 after buying an additional 91,717 shares during the last quarter. Morgan Stanley boosted its position in Inter Parfums by 178.6% in the second quarter. Morgan Stanley now owns 139,468 shares of the company’s stock worth $10,042,000 after purchasing an additional 89,404 shares during the last quarter. Finally, Alpine Peaks Capital LP purchased a new position in Inter Parfums in the fourth quarter worth $7,616,000. Hedge funds and other institutional investors own 54.89% 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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