Q3 Earnings Estimate for Inter Parfums Issued By DA Davidson

Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at DA Davidson lifted their Q3 2024 earnings estimates for shares of Inter Parfums in a research note issued to investors on Tuesday, October 22nd. DA Davidson analyst L. Weiser now anticipates that the company will post earnings of $1.87 per share for the quarter, up from their previous estimate of $1.80. DA Davidson has a “Buy” rating and a $163.00 price objective on the stock. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.09. The company had revenue of $342.00 million for the quarter, compared to analysts’ expectations of $342.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. Inter Parfums’s revenue was up 10.7% compared to the same quarter last year. During the same period in the previous year, the company posted $1.09 EPS.

Other equities research analysts have also issued reports about the stock. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler restated an “overweight” rating and set a $151.00 target price (up from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. BWS Financial restated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research report on Wednesday. Finally, Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Friday, July 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to 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

Shares of IPAR opened at $121.31 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. The stock has a market capitalization of $3.88 billion, a P/E ratio of 27.95 and a beta of 1.15. The company’s fifty day moving average is $122.49 and its two-hundred day moving average is $122.66. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75.

Insider Buying and Selling

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 43.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Inter Parfums by 1.5% in the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock valued at $288,718,000 after purchasing an additional 30,316 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Inter Parfums by 0.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after acquiring an additional 4,862 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Inter Parfums by 50.1% during the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after acquiring an additional 106,044 shares during the last quarter. Bahl & Gaynor Inc. increased its stake in shares of Inter Parfums by 0.4% during the 2nd quarter. Bahl & Gaynor Inc. now owns 253,443 shares of the company’s stock valued at $29,407,000 after acquiring an additional 1,023 shares during the last quarter. Finally, William Blair Investment Management LLC increased its stake in shares of Inter Parfums by 0.6% during the 2nd quarter. William Blair Investment Management LLC now owns 234,527 shares of the company’s stock valued at $27,212,000 after acquiring an additional 1,390 shares during the last quarter. Institutional investors and hedge funds own 55.57% 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.