BWS Financial Reduces Earnings Estimates for Inter Parfums

Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at BWS Financial decreased their Q4 2024 earnings per share (EPS) estimates for shares of Inter Parfums in a note issued to investors on Monday, November 11th. BWS Financial analyst H. Khorsand now expects that the company will earn $0.81 per share for the quarter, down from their previous forecast of $1.00. BWS Financial has a “Buy” rating and a $172.00 price objective on the stock. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share. BWS Financial also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.22 EPS, Q2 2025 earnings at $1.13 EPS, Q3 2025 earnings at $1.66 EPS and Q4 2025 earnings at $1.03 EPS.

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

A number of other research firms have also commented on IPAR. DA Davidson restated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research report on Tuesday. Piper Sandler decreased their price target on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday. Finally, StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Inter Parfums currently has a consensus rating of “Moderate Buy” and an average target price of $157.50.

Inter Parfums Stock Up 2.0 %

NASDAQ IPAR opened at $130.72 on Wednesday. The firm has a market cap of $4.19 billion, a PE ratio of 28.05 and a beta of 1.16. Inter Parfums has a one year low of $108.39 and a one year high of $156.75. The stock’s 50 day simple moving average is $122.42 and its 200 day simple moving average is $122.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60.

Institutional Trading of Inter Parfums

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Inter Parfums by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock worth $288,718,000 after buying an additional 30,316 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Inter Parfums by 0.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after purchasing an additional 4,862 shares during the period. Royce & Associates LP raised its stake in shares of Inter Parfums by 0.7% in the 3rd quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock valued at $77,063,000 after purchasing an additional 4,345 shares during the period. Victory Capital Management Inc. raised its stake in shares of Inter Parfums by 5,393.6% in the 3rd quarter. Victory Capital Management Inc. now owns 363,567 shares of the company’s stock valued at $47,075,000 after purchasing an additional 356,949 shares during the period. Finally, American Century Companies Inc. raised its stake in shares of Inter Parfums by 50.1% in the 2nd quarter. American Century Companies Inc. now owns 317,556 shares of the company’s stock valued at $36,846,000 after purchasing an additional 106,044 shares during the period. Institutional investors and hedge funds own 55.57% of the company’s stock.

Insider Activity

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 43.90% of the stock is currently owned by company insiders.

Inter Parfums Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.75 dividend. 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 currently 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.