Q2 2024 EPS Estimates for Inter Parfums, Inc. Reduced by Zacks Research (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at Zacks Research decreased their Q2 2024 earnings per share (EPS) estimates for Inter Parfums in a note issued to investors on Monday, May 20th. Zacks Research analyst V. Bagree now forecasts that the company will post earnings per share of $1.14 for the quarter, down from their previous forecast of $1.16. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share. Zacks Research also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.79 EPS, Q1 2025 earnings at $1.49 EPS, Q2 2025 earnings at $1.27 EPS, Q4 2025 earnings at $0.78 EPS and Q1 2026 earnings at $1.70 EPS.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, May 7th. The company reported $1.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.29). Inter Parfums had a return on equity of 15.85% and a net margin of 10.50%. The firm had revenue of $323.96 million for the quarter, compared to the consensus estimate of $324.00 million. During the same quarter last year, the business earned $1.68 earnings per share. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year.

Several other brokerages have also recently issued reports on IPAR. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research note on Thursday, May 9th. Piper Sandler dropped their target price on Inter Parfums from $176.00 to $172.00 and set an “overweight” rating on the stock in a research report on Thursday, April 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $192.00 target price on shares of Inter Parfums in a research report on Thursday, May 9th.

Inter Parfums Stock Performance

Shares of IPAR opened at $118.27 on Wednesday. The business’s fifty day moving average price is $127.67 and its 200 day moving average price is $134.58. Inter Parfums has a 12-month low of $114.71 and a 12-month high of $156.75. The stock has a market capitalization of $3.79 billion, a PE ratio of 27.25 and a beta of 1.19. The company has a debt-to-equity ratio of 0.13, a current ratio of 2.75 and a quick ratio of 1.43.

Institutional Investors Weigh In On Inter Parfums

Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in shares of Inter Parfums by 0.7% during the fourth quarter. Victory Capital Management Inc. now owns 11,393 shares of the company’s stock valued at $1,641,000 after purchasing an additional 81 shares during the period. Comerica Bank increased its holdings in shares of Inter Parfums by 0.7% during the fourth quarter. Comerica Bank now owns 11,360 shares of the company’s stock valued at $1,636,000 after purchasing an additional 83 shares during the period. Teacher Retirement System of Texas increased its holdings in shares of Inter Parfums by 0.8% during the third quarter. Teacher Retirement System of Texas now owns 12,809 shares of the company’s stock valued at $1,721,000 after purchasing an additional 100 shares during the period. Signaturefd LLC increased its holdings in shares of Inter Parfums by 87.4% during the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the period. Finally, Fifth Third Bancorp increased its holdings in shares of Inter Parfums by 4.9% during the fourth quarter. Fifth Third Bancorp now owns 2,567 shares of the company’s stock valued at $370,000 after purchasing an additional 120 shares during the period. 55.57% of the stock is owned by institutional investors and hedge funds.

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.