Brokers Set Expectations for Inter Parfums, Inc.’s Q3 2024 Earnings (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Research analysts at BWS Financial boosted their Q3 2024 EPS estimates for Inter Parfums in a research note issued to investors on Wednesday, April 17th. BWS Financial analyst H. Khorsand now expects that the company will post earnings of $1.94 per share for the quarter, up from their prior estimate of $1.93. 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 $5.16 per share. BWS Financial also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.75 EPS.

Separately, Piper Sandler boosted their price objective on shares of Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th.

Inter Parfums Price Performance

Shares of Inter Parfums stock opened at $127.88 on Monday. The firm has a fifty day simple moving average of $139.05 and a 200-day simple moving average of $135.58. The company has a current ratio of 2.58, a quick ratio of 1.44 and a debt-to-equity ratio of 0.14. Inter Parfums has a 1-year low of $120.71 and a 1-year high of $161.17. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 26.92 and a beta of 1.13.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($0.03). Inter Parfums had a return on equity of 17.62% and a net margin of 11.59%. The firm had revenue of $328.74 million during the quarter, compared to analyst estimates of $329.00 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Inter Parfums’s quarterly revenue was up 5.8% compared to the same quarter last year.

Inter Parfums Increases Dividend

The business also recently announced 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 of this dividend was Thursday, March 14th. This represents a $3.00 dividend on an annualized basis and a yield of 2.35%. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.63. Inter Parfums’s payout ratio is 63.16%.

Insider Buying and Selling

In related news, Director Gilbert Harrison sold 250 shares of the business’s stock in a transaction on Thursday, February 8th. The shares were sold at an average price of $150.42, for a total transaction of $37,605.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $150,420. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 43.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Inter Parfums

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. First Republic Investment Management Inc. increased its holdings in Inter Parfums by 3.5% in the 1st quarter. First Republic Investment Management Inc. now owns 2,329 shares of the company’s stock valued at $331,000 after buying an additional 78 shares during the period. Cresset Asset Management LLC increased its holdings in Inter Parfums by 1.3% in the 4th quarter. Cresset Asset Management LLC now owns 5,971 shares of the company’s stock valued at $860,000 after buying an additional 79 shares during the period. Victory Capital Management Inc. increased its holdings in Inter Parfums by 0.7% in the 4th quarter. Victory Capital Management Inc. now owns 11,393 shares of the company’s stock valued at $1,641,000 after buying an additional 81 shares during the period. Comerica Bank increased its holdings in Inter Parfums by 0.7% in the 4th quarter. Comerica Bank now owns 11,360 shares of the company’s stock valued at $1,636,000 after buying an additional 83 shares during the period. Finally, FMR LLC increased its holdings in Inter Parfums by 4.5% in the 3rd quarter. FMR LLC now owns 2,000 shares of the company’s stock valued at $269,000 after buying an additional 87 shares during the period. Institutional investors own 55.57% of the company’s stock.

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.