DA Davidson Estimates Inter Parfums Q4 Earnings

Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) - Stock analysts at DA Davidson issued their Q4 2024 earnings per share (EPS) estimates for Inter Parfums in a research report issued on Tuesday, November 12th. DA Davidson analyst L. Weiser expects that the company will post earnings of $0.81 per share for the quarter. DA Davidson currently has a "Buy" rating and a $163.00 target price on the stock. The consensus estimate for Inter Parfums' current full-year earnings is $5.15 per share. DA Davidson also issued estimates for Inter Parfums' FY2025 earnings at $5.39 EPS.

Several other equities research analysts have also issued reports on IPAR. StockNews.com raised shares of Inter Parfums from a "sell" rating to a "hold" rating in a report on Wednesday, August 7th. BWS Financial restated a "buy" rating and set a $172.00 target price on shares of Inter Parfums in a research report on Monday. Finally, Piper Sandler lowered their target price on shares of Inter Parfums from $158.00 to $155.00 and set an "overweight" rating for the company in a report on Wednesday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $157.50.

Inter Parfums Stock Up 1.7 %

IPAR stock traded up $2.20 during trading on Wednesday, hitting $128.20. 178,181 shares of the stock traded hands, compared to its average volume of 145,733. The stock has a market cap of $4.11 billion, a price-to-earnings ratio of 27.51 and a beta of 1.16. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The firm's 50 day moving average is $122.42 and its two-hundred day moving average is $122.47.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping analysts' consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The company had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. During the same quarter last year, the firm posted $1.66 earnings per share. The firm's revenue was up 15.5% on a year-over-year basis.

Hedge Funds Weigh In On Inter Parfums

Several hedge funds have recently made changes to their positions in the company. CWM LLC raised its position in shares of Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company's stock worth $33,000 after buying an additional 88 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Inter Parfums by 2.8% in the 2nd quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company's stock valued at $390,000 after buying an additional 92 shares during the period. Louisiana State Employees Retirement System boosted its stake in Inter Parfums by 1.1% during the 2nd quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company's stock valued at $1,044,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System boosted its holdings in shares of Inter Parfums by 2.0% in the second quarter. Arizona State Retirement System now owns 5,378 shares of the company's stock valued at $624,000 after acquiring an additional 105 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in Inter Parfums by 3.9% during the third quarter. Inspire Investing LLC now owns 3,208 shares of the company's stock worth $415,000 after acquiring an additional 120 shares during the period. Hedge funds and other institutional investors own 55.57% of the company's stock.

Insiders Place Their Bets

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company's stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 43.90% of the stock is currently owned by company insiders.

Inter Parfums Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $3.00 annualized dividend and a dividend yield of 2.34%. Inter Parfums's dividend payout ratio is presently 64.38%.

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.