Inter Parfums, Inc. Forecasted to Earn Q4 2023 Earnings of $0.28 Per Share (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR – Get Rating) – Analysts at BWS Financial cut their Q4 2023 EPS estimates for shares of Inter Parfums in a research report issued on Wednesday, May 17th. BWS Financial analyst H. Khorsand now expects that the company will post earnings of $0.28 per share for the quarter, down from their prior forecast of $0.41. BWS Financial currently has a “Buy” rating and a $172.00 target price on the stock. The consensus estimate for Inter Parfums’ current full-year earnings is $4.26 per share.

Other equities analysts have also recently issued research reports about the company. Piper Sandler lifted their price target on Inter Parfums from $170.00 to $178.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. DA Davidson raised their price objective on Inter Parfums from $176.00 to $187.00 and gave the stock a “buy” rating in a research report on Friday, April 21st. Jefferies Financial Group raised their price objective on Inter Parfums from $96.00 to $104.00 and gave the stock a “hold” rating in a research report on Tuesday, January 31st. Finally, StockNews.com upgraded Inter Parfums from a “hold” rating to a “buy” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $160.25.

Inter Parfums Stock Performance

IPAR stock opened at $134.23 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.46 and a current ratio of 2.35. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 30.79, a PEG ratio of 2.11 and a beta of 1.06. Inter Parfums has a 1 year low of $64.52 and a 1 year high of $161.17. The stock’s fifty day moving average is $143.68 and its two-hundred day moving average is $118.69.

Inter Parfums (NASDAQ:IPAR – Get Rating) last posted its earnings results on Monday, May 8th. The company reported $1.68 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.29. The firm had revenue of $311.72 million during the quarter, compared to the consensus estimate of $312.07 million. Inter Parfums had a net margin of 12.17% and a return on equity of 18.87%. The company’s revenue was up 24.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.10 EPS.

Institutional Investors Weigh In On Inter Parfums

Institutional investors and hedge funds have recently made changes to their positions in the business. Ronald Blue Trust Inc. purchased a new stake in shares of Inter Parfums during the fourth quarter valued at approximately $25,000. Point72 Middle East FZE bought a new position in shares of Inter Parfums in the fourth quarter worth $27,000. Benjamin Edwards Inc. boosted its holdings in shares of Inter Parfums by 119.4% in the first quarter. Benjamin Edwards Inc. now owns 316 shares of the company’s stock worth $45,000 after acquiring an additional 172 shares during the period. Baldwin Brothers LLC MA bought a new position in shares of Inter Parfums in the fourth quarter worth $46,000. Finally, Simplex Trading LLC purchased a new stake in shares of Inter Parfums in the first quarter worth $48,000. Institutional investors own 55.41% of the company’s stock.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 800 shares of the firm’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $138.99, for a total value of $111,192.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Gilbert Harrison sold 500 shares of the business’s stock in a transaction on Wednesday, March 15th. The stock was sold at an average price of $137.00, for a total transaction of $68,500.00. Following the completion of the transaction, the director now owns 250 shares of the company’s stock, valued at approximately $34,250. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, COO Pelayo Frederic Garcia sold 800 shares of the business’s stock in a transaction on Friday, March 3rd. The stock was sold at an average price of $138.99, for a total value of $111,192.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,550 shares of company stock valued at $351,567. 44.20% of the stock is owned by insiders.

Inter Parfums Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Thursday, June 15th will be issued a $0.625 dividend. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $2.50 annualized dividend and a dividend yield of 1.86%. Inter Parfums’s dividend payout ratio (DPR) is currently 57.34%.

Inter Parfums Company Profile

(Get Rating)

Inter Parfums, Inc engages in the business of manufacturing, marketing, and distributing wide array of fragrances and related products. It operates through the European Based Operations and United States Based Operations segments. The European Based Operations segment conducts primarily in France. The United States Based Operations segment includes the sale of prestige brand name fragrances.