Inter Parfums, Inc. (NASDAQ:IPAR) Forecasted to Earn Q1 2024 Earnings of $1.28 Per Share

Inter Parfums, Inc. (NASDAQ:IPAR – Get Rating) – Stock analysts at Zacks Research raised their Q1 2024 EPS estimates for Inter Parfums in a research note issued on Monday, May 22nd. Zacks Research analyst V. Bagree now forecasts that the company will earn $1.28 per share for the quarter, up from their prior forecast of $1.19. The consensus estimate for Inter Parfums’ current full-year earnings is $4.25 per share. Zacks Research also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.91 EPS, FY2024 earnings at $4.42 EPS, Q1 2025 earnings at $1.30 EPS and FY2025 earnings at $5.10 EPS.

A number of other equities analysts also recently commented on IPAR. StockNews.com downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research report on Wednesday. Piper Sandler boosted their price objective on Inter Parfums from $170.00 to $178.00 and gave the stock an “overweight” rating in a research report on Thursday, April 20th. BWS Financial upped their price target on Inter Parfums from $150.00 to $172.00 and gave the company a “buy” rating in a report on Friday, March 3rd. Jefferies Financial Group upped their price target on Inter Parfums from $96.00 to $104.00 and gave the company a “hold” rating in a report on Tuesday, January 31st. Finally, DA Davidson increased their price objective on Inter Parfums from $176.00 to $187.00 and gave the company a “buy” rating in a report on Friday, April 21st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.25.

Inter Parfums Stock Down 0.5 %

Shares of NASDAQ:IPAR opened at $130.94 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.35 and a quick ratio of 1.46. The firm has a market capitalization of $4.19 billion, a PE ratio of 30.03, a price-to-earnings-growth ratio of 2.09 and a beta of 1.06. The firm’s 50-day moving average is $143.39 and its two-hundred day moving average is $120.03. Inter Parfums has a 1 year low of $64.52 and a 1 year high of $161.17.

Inter Parfums (NASDAQ:IPAR – Get Rating) last issued its quarterly 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 company had revenue of $311.72 million for the quarter, compared to analyst estimates of $312.07 million. Inter Parfums had a net margin of 12.17% and a return on equity of 18.87%. The business’s revenue for the quarter was up 24.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.10 earnings per share.

Inter Parfums Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 31st. Stockholders of record on Wednesday, March 15th were paid a dividend of $0.625 per share. This represents a $2.50 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Tuesday, March 14th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.50. Inter Parfums’s dividend payout ratio is 57.34%.

Insiders Place Their Bets

In other Inter Parfums news, Director Gilbert Harrison sold 1,250 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $137.50, for a total value of $171,875.00. Following the completion of the transaction, the director now owns 750 shares in the company, valued at $103,125. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Inter Parfums news, COO Pelayo Frederic Garcia sold 800 shares of the company’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Gilbert Harrison sold 1,250 shares of the company’s stock in a transaction on Tuesday, March 7th. The shares were sold at an average price of $137.50, for a total value of $171,875.00. Following the completion of the sale, the director now directly owns 750 shares in the company, valued at approximately $103,125. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,550 shares of company stock worth $351,567. 44.20% of the stock is owned by corporate insiders.

Institutional Trading of Inter Parfums

Large investors have recently made changes to their positions in the stock. Biltmore Wealth Management LLC acquired a new stake in shares of Inter Parfums during the fourth quarter valued at $350,862,000. Point72 Middle East FZE acquired a new stake in shares of Inter Parfums during the fourth quarter valued at $27,000. Benjamin Edwards Inc. boosted its stake in shares of Inter Parfums by 119.4% during the first quarter. Benjamin Edwards Inc. now owns 316 shares of the company’s stock valued at $45,000 after acquiring an additional 172 shares during the last quarter. Ronald Blue Trust Inc. acquired a new stake in Inter Parfums in the 4th quarter worth about $25,000. Finally, Simplex Trading LLC acquired a new stake in Inter Parfums in the 1st quarter worth about $48,000. Institutional investors and hedge funds own 55.41% of the company’s stock.

Inter Parfums Company Profile

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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.