Zacks Research Reduces Earnings Estimates for Inter Parfums

Inter Parfums, Inc. (NASDAQ:IPAR) – Stock analysts at Zacks Research lowered their Q4 2024 earnings per share (EPS) estimates for Inter Parfums in a report issued on Wednesday, November 20th. Zacks Research analyst V. Bagree now forecasts that the company will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share. Zacks Research also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.24 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $5.35 EPS, Q2 2026 earnings at $1.30 EPS and FY2026 earnings at $5.84 EPS.

IPAR has been the topic of several other research reports. DA Davidson reissued a “buy” rating and set a $163.00 target price on shares of Inter Parfums in a research note on Tuesday, November 12th. BWS Financial reiterated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Monday, November 11th. Piper Sandler dropped their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a report on Wednesday, November 13th. Finally, StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $157.50.

Inter Parfums Price Performance

Shares of NASDAQ IPAR opened at $137.48 on Monday. The stock has a market cap of $4.40 billion, a P/E ratio of 29.38 and a beta of 1.16. The firm’s 50-day simple moving average is $124.31 and its 200 day simple moving average is $123.09. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

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

Insider Buying and Selling at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 43.90% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Inter Parfums

Several large investors have recently modified their holdings of IPAR. Vanguard Group Inc. lifted its stake in Inter Parfums by 1.5% during the first quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock valued at $288,718,000 after buying an additional 30,316 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in shares of Inter Parfums by 43.8% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 2,883 shares of the company’s stock valued at $405,000 after acquiring an additional 878 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Inter Parfums by 6.3% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 18,460 shares of the company’s stock valued at $2,591,000 after acquiring an additional 1,091 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Inter Parfums by 119.7% in the 1st quarter. Janus Henderson Group PLC now owns 19,953 shares of the company’s stock worth $2,804,000 after purchasing an additional 10,870 shares during the period. Finally, Jacobs Levy Equity Management Inc. purchased a new position in Inter Parfums during the 1st quarter worth approximately $601,000. 55.57% of the stock is owned by institutional investors.

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.