Inter Parfums, Inc. to Post Q3 2024 Earnings of $1.94 Per Share, BWS Financial Forecasts (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Research analysts at BWS Financial raised their Q3 2024 EPS estimates for shares of Inter Parfums in a research note issued to investors on Wednesday, April 17th. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings per share of $1.94 for the quarter, up from their prior estimate of $1.93. BWS Financial has a “Buy” rating and a $172.00 price objective 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 lifted their price target 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 Stock Performance

Shares of IPAR stock opened at $129.52 on Monday. The company has a 50 day moving average price of $139.05 and a 200-day moving average price of $135.58. Inter Parfums has a 52 week low of $120.71 and a 52 week high of $158.76. The firm has a market capitalization of $4.15 billion, a PE ratio of 27.27 and a beta of 1.13. The company has a quick ratio of 1.44, a current ratio of 2.58 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last released 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). The firm had revenue of $328.74 million for the quarter, compared to the consensus estimate of $329.00 million. Inter Parfums had a net margin of 11.59% and a return on equity of 17.62%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.71 earnings per share.

Hedge Funds Weigh In On Inter Parfums

Several large investors have recently added to or reduced their stakes in IPAR. Ronald Blue Trust Inc. lifted its holdings in Inter Parfums by 112.8% during the third quarter. Ronald Blue Trust Inc. now owns 432 shares of the company’s stock valued at $58,000 after purchasing an additional 229 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Inter Parfums during the third quarter valued at approximately $1,294,000. Raymond James & Associates raised its position in shares of Inter Parfums by 2.2% during the third quarter. Raymond James & Associates now owns 102,298 shares of the company’s stock valued at $13,743,000 after buying an additional 2,236 shares during the last quarter. Redwood Investments LLC bought a new stake in shares of Inter Parfums during the third quarter valued at approximately $6,865,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Inter Parfums by 13.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,905 shares of the company’s stock valued at $525,000 after buying an additional 478 shares during the last quarter. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Insider Buying and Selling

In related news, Director Gilbert Harrison sold 250 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $150.42, for a total value of $37,605.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at $150,420. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 43.90% of the stock is currently owned by insiders.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 29th. Stockholders of record on Friday, March 15th were paid a $0.75 dividend. The ex-dividend date was Thursday, March 14th. 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 dividend yield of 2.32%. Inter Parfums’s payout ratio is currently 63.16%.

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.