Inter Parfums, Inc. Expected to Post Q1 2024 Earnings of $1.55 Per Share (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Research analysts at DA Davidson lowered their Q1 2024 earnings per share (EPS) estimates for Inter Parfums in a note issued to investors on Friday, April 26th. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of $1.55 for the quarter, down from their prior forecast of $1.81. DA Davidson currently has a “Buy” rating and a $192.00 target price on the stock. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share.

Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Tuesday, February 27th. The company reported $0.32 earnings per share (EPS) 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 company had revenue of $328.74 million for the quarter, compared to the consensus estimate of $329.00 million. During the same quarter last year, the business earned $0.71 earnings per share. Inter Parfums’s revenue was up 5.8% compared to the same quarter last year.

IPAR has been the topic of several other reports. Piper Sandler dropped their price target on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating on the stock in a research note on Thursday. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a report on Wednesday, April 17th.

Inter Parfums Price Performance

Shares of IPAR opened at $119.56 on Monday. Inter Parfums has a 52-week low of $116.75 and a 52-week high of $158.13. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.44 and a current ratio of 2.58. The business’s 50 day moving average price is $136.61 and its two-hundred day moving average price is $135.37. The firm has a market cap of $3.83 billion, a PE ratio of 25.17 and a beta of 1.13.

Inter Parfums Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 29th. Shareholders of record on Friday, March 15th were paid a $0.75 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.63. This represents a $3.00 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date was Thursday, March 14th. Inter Parfums’s dividend payout ratio is currently 63.16%.

Insiders Place Their Bets

In other news, Director Gilbert Harrison sold 250 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $150.42, for a total transaction of $37,605.00. Following the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $150,420. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

Several institutional investors have recently modified their holdings of IPAR. McGlone Suttner Wealth Management Inc. bought a new position in shares of Inter Parfums during the 4th quarter valued at about $27,000. Principal Securities Inc. bought a new position in Inter Parfums during the 4th quarter worth approximately $30,000. Signaturefd LLC grew its position in Inter Parfums by 87.4% during the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock worth $32,000 after acquiring an additional 104 shares during the last quarter. Johnson Financial Group Inc. bought a new position in Inter Parfums during the 4th quarter worth approximately $33,000. Finally, Hexagon Capital Partners LLC grew its position in Inter Parfums by 84.0% during the 1st quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 121 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

Inter Parfums Company Profile

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.