Q3 EPS Estimates for Inter Parfums Boosted by BWS Financial

Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) - Analysts at BWS Financial boosted their Q3 2024 earnings estimates for Inter Parfums in a research note issued to investors on Wednesday, October 23rd. BWS Financial analyst H. Khorsand now forecasts that the company will post earnings of $1.73 per share for the quarter, up from their previous estimate of $1.64. BWS Financial currently has a "Buy" rating and a $172.00 target price on the stock. The consensus estimate for Inter Parfums' current full-year earnings is $5.17 per share. BWS Financial also issued estimates for Inter Parfums' Q4 2024 earnings at $1.00 EPS, Q1 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.86 EPS and Q4 2025 earnings at $1.24 EPS.

Other analysts have also recently issued research reports about the stock. Piper Sandler reaffirmed an "overweight" rating and set a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a research note on Tuesday, July 23rd. DA Davidson reaffirmed a "buy" rating and set a $163.00 price objective on shares of Inter Parfums in a research note on Tuesday, October 22nd. StockNews.com raised shares of Inter Parfums from a "sell" rating to a "hold" rating in a research note on Wednesday, August 7th. Finally, Jefferies Financial Group raised shares of Inter Parfums from a "hold" rating to a "buy" rating and set a $140.00 price objective for the company in a research note on Friday, July 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $156.50.

Inter Parfums Stock Performance

NASDAQ:IPAR traded up $2.71 during mid-day trading on Monday, hitting $124.41. The company's stock had a trading volume of 120,932 shares, compared to its average volume of 143,129. 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 0.12, a current ratio of 2.58 and a quick ratio of 1.27. The stock has a market cap of $3.98 billion, a price-to-earnings ratio of 28.67 and a beta of 1.15. The business's fifty day moving average is $122.37 and its two-hundred day moving average is $122.47.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The business had revenue of $342.00 million for the quarter, compared to analyst estimates of $342.00 million. During the same period in the previous year, the company earned $1.09 earnings per share. The business's revenue for the quarter was up 10.7% on a year-over-year basis.

Institutional Investors Weigh In On Inter Parfums

Several hedge funds and other institutional investors have recently bought and sold shares of IPAR. Vanguard Group Inc. grew its position in Inter Parfums by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company's stock worth $288,718,000 after purchasing an additional 30,316 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Inter Parfums by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company's stock worth $85,384,000 after purchasing an additional 4,862 shares during the last quarter. American Century Companies Inc. grew its position in Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company's stock worth $36,846,000 after purchasing an additional 106,044 shares during the last quarter. Bahl & Gaynor Inc. grew its position in Inter Parfums by 0.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company's stock worth $29,407,000 after purchasing an additional 1,023 shares during the last quarter. Finally, William Blair Investment Management LLC grew its position in Inter Parfums by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 234,527 shares of the company's stock worth $27,212,000 after purchasing an additional 1,390 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm's stock in a transaction on Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 43.90% of the company's stock.

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.