Inter Parfums, Inc. (NASDAQ:IPAR – Free Report) – Research analysts at DA Davidson lifted their Q3 2024 EPS estimates for shares of Inter Parfums in a report issued on Tuesday, October 22nd. DA Davidson analyst L. Weiser now forecasts that the company will earn $1.87 per share for the quarter, up from their prior estimate of $1.80. DA Davidson has a “Buy” rating and a $163.00 price target on the stock. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share.
Inter Parfums (NASDAQ:IPAR – Get Free Report) last posted its earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. The firm had revenue of $342.00 million during the quarter, compared to the consensus estimate of $342.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.09 EPS.
Check Out Our Latest Report on IPAR
Inter Parfums Stock Up 0.0 %
IPAR opened at $121.31 on Wednesday. The firm has a 50 day moving average price of $122.49 and a 200 day moving average price of $122.66. The company has a market cap of $3.88 billion, a PE ratio of 27.95 and a beta of 1.15. 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 quick ratio of 1.27 and a current ratio of 2.58.
Hedge Funds Weigh In On Inter Parfums
Several institutional investors and hedge funds have recently made changes to their positions in IPAR. CWM LLC lifted its stake in Inter Parfums by 44.4% during the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after purchasing an additional 88 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in Inter Parfums by 2.8% during the second quarter. Commonwealth Equity Services LLC now owns 3,363 shares of the company’s stock worth $390,000 after purchasing an additional 92 shares during the last quarter. Louisiana State Employees Retirement System lifted its stake in Inter Parfums by 1.1% during the second quarter. Louisiana State Employees Retirement System now owns 9,000 shares of the company’s stock worth $1,044,000 after purchasing an additional 100 shares during the last quarter. Arizona State Retirement System lifted its stake in Inter Parfums by 2.0% during the second quarter. Arizona State Retirement System now owns 5,378 shares of the company’s stock worth $624,000 after purchasing an additional 105 shares during the last quarter. Finally, Inspire Investing LLC lifted its stake 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 purchasing an additional 120 shares during the last quarter. 55.57% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity
In other news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 43.90% of the company’s stock.
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.
Recommended Stories
- Five stocks we like better than Inter Parfums
- 5 Top Rated Dividend Stocks to Consider
- Why Meta’s Pre-Earnings Dip Could Be A Golden Entry Opportunity
- Options Trading – Understanding Strike Price
- Spirit Airlines Stock Nearly Doubled: Are Clear Skies Ahead?
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Tesla Stock: Buy the Dips, Sell the Rips
Receive News & Ratings for Inter Parfums Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Inter Parfums and related companies with MarketBeat.com's FREE daily email newsletter.