DA Davidson Weighs in on Inter Parfums Q4 Earnings

Inter Parfums, Inc. (NASDAQ:IPAR) – DA Davidson issued their Q4 2024 EPS estimates for shares of Inter Parfums in a report released on Tuesday, November 12th. DA Davidson analyst L. Weiser forecasts that the company will earn $0.81 per share for the quarter. DA Davidson currently 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. DA Davidson also issued estimates for Inter Parfums’ FY2025 earnings at $5.39 EPS.

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

Several other analysts also recently issued reports on IPAR. BWS Financial reissued a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Finally, Piper Sandler decreased their price objective on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Inter Parfums has an average rating of “Moderate Buy” and an average price target of $157.50.

Inter Parfums Stock Up 2.0 %

Shares of NASDAQ IPAR opened at $130.72 on Wednesday. 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 company has a market cap of $4.19 billion, a P/E ratio of 28.05 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 firm has a 50-day simple moving average of $122.42 and a two-hundred day simple moving average of $122.47.

Institutional Investors Weigh In On Inter Parfums

Several institutional investors have recently bought and sold shares of the company. Edgestream Partners L.P. acquired a new stake in shares of Inter Parfums during the third quarter worth $660,000. Northwest & Ethical Investments L.P. purchased a new position in Inter Parfums in the third quarter valued at $104,000. Glenmede Trust Co. NA increased its holdings in Inter Parfums by 22.1% in the third quarter. Glenmede Trust Co. NA now owns 7,960 shares of the company’s stock valued at $1,031,000 after buying an additional 1,443 shares in the last quarter. FMR LLC increased its holdings in Inter Parfums by 13.3% in the third quarter. FMR LLC now owns 3,365 shares of the company’s stock valued at $436,000 after buying an additional 395 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Inter Parfums by 0.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 190,331 shares of the company’s stock valued at $24,644,000 after buying an additional 1,129 shares in the last quarter. 55.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Inter Parfums

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 business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date of this dividend is Monday, December 16th. Inter Parfums’s dividend payout ratio (DPR) is presently 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.