Analysts Issue Forecasts for Inter Parfums, Inc.’s FY2023 Earnings (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPARFree Report) – Investment analysts at Zacks Research upped their FY2023 earnings per share estimates for shares of Inter Parfums in a report issued on Friday, February 9th. Zacks Research analyst V. Bagree now forecasts that the company will post earnings per share of $4.77 for the year, up from their previous estimate of $4.75. The consensus estimate for Inter Parfums’ current full-year earnings is $4.78 per share. Zacks Research also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.37 EPS, Q4 2025 earnings at $1.51 EPS and FY2025 earnings at $5.77 EPS.

IPAR has been the subject of a number of other research reports. Piper Sandler raised their target price on Inter Parfums from $175.00 to $176.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 24th. DA Davidson raised their target price on Inter Parfums from $191.00 to $192.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd.

Check Out Our Latest Stock Report on IPAR

Inter Parfums Stock Up 1.9 %

Inter Parfums stock opened at $155.12 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 2.41 and a quick ratio of 1.41. The stock has a market capitalization of $4.96 billion, a price-to-earnings ratio of 31.34 and a beta of 1.15. Inter Parfums has a 1-year low of $113.63 and a 1-year high of $161.17. The business has a fifty day moving average price of $140.17 and a 200-day moving average price of $135.11.

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, VP Philippe Santi sold 2,000 shares of Inter Parfums stock in a transaction dated Thursday, January 4th. The stock was sold at an average price of $135.56, for a total transaction of $271,120.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Jean Madar sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 19th. The stock was sold at an average price of $142.37, for a total value of $711,850.00. Following the transaction, the chief executive officer now directly owns 15,000 shares in the company, valued at $2,135,550. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Philippe Santi sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $135.56, for a total value of $271,120.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 15,150 shares of company stock worth $2,138,095. Insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

A number of institutional investors and hedge funds have recently modified their holdings of IPAR. McGlone Suttner Wealth Management Inc. acquired a new position in Inter Parfums in the fourth quarter valued at $27,000. Point72 Middle East FZE acquired a new position in Inter Parfums in the fourth quarter valued at $27,000. Principal Securities Inc. acquired a new position in Inter Parfums in the fourth quarter valued at $30,000. Signaturefd LLC boosted its stake in Inter Parfums by 87.4% in the fourth quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after acquiring an additional 104 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in Inter Parfums in the fourth quarter valued at $33,000. Institutional investors and hedge funds own 55.18% of the company’s stock.

Inter Parfums Company Profile

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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.

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Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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