Q3 Earnings Estimate for Inter Parfums Issued By DA Davidson

Inter Parfums, Inc. (NASDAQ:IPAR) – 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) 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.

A number of other analysts also recently issued reports on the stock. Jefferies Financial Group raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price for the company in a research report on Friday, July 12th. BWS Financial restated a “buy” rating and issued a $172.00 price target on shares of Inter Parfums in a report on Wednesday. Piper Sandler restated an “overweight” rating and issued a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Inter Parfums has an average rating of “Moderate Buy” and a consensus target price of $156.50.

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.