BWS Financial Lowers Earnings Estimates for Inter Parfums

Inter Parfums, Inc. (NASDAQ:IPAR - Free Report) - Equities researchers at BWS Financial decreased their Q4 2024 earnings per share (EPS) estimates for shares of Inter Parfums in a research note issued to investors on Monday, November 11th. BWS Financial analyst H. Khorsand now anticipates that the company will earn $0.81 per share for the quarter, down from their prior forecast of $1.00. 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 $5.15 per share. BWS Financial also issued estimates for Inter Parfums' Q1 2025 earnings at $1.22 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.66 EPS and Q4 2025 earnings at $1.03 EPS.

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

IPAR has been the subject of a number of other research reports. StockNews.com raised Inter Parfums from a "sell" rating to a "hold" rating in a research note on Wednesday, August 7th. DA Davidson reiterated a "buy" rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Tuesday. Finally, Piper Sandler cut their target price on shares of Inter Parfums from $158.00 to $155.00 and set an "overweight" rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Inter Parfums presently has a consensus rating of "Moderate Buy" and an average price target of $157.50.

Inter Parfums Trading Up 1.7 %

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

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of IPAR. UniSuper Management Pty Ltd acquired a new position in Inter Parfums in the first quarter valued at approximately $638,000. Bessemer Group Inc. grew its holdings in Inter Parfums by 6.0% in the 1st quarter. Bessemer Group Inc. now owns 85,990 shares of the company's stock valued at $12,082,000 after buying an additional 4,880 shares during the period. Empowered Funds LLC purchased a new stake in Inter Parfums during the first quarter valued at about $1,018,000. Harbor Capital Advisors Inc. increased its position in shares of Inter Parfums by 306.7% in the second quarter. Harbor Capital Advisors Inc. now owns 5,478 shares of the company's stock worth $636,000 after acquiring an additional 4,131 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Inter Parfums in the 1st quarter worth approximately $601,000. Institutional investors and hedge funds own 55.57% of the company's stock.

Insider Activity

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 43.90% of the company's stock.

Inter Parfums Announces Dividend

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

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.