Q3 EPS Estimates for Inter Parfums Increased by DA Davidson

Inter Parfums, Inc. (NASDAQ:IPAR) – Investment analysts at DA Davidson lifted their Q3 2024 earnings per share estimates for Inter Parfums in a research note issued to investors on Tuesday, October 22nd. DA Davidson analyst L. Weiser now anticipates that the company will earn $1.87 per share for the quarter, up from their previous forecast of $1.80. DA Davidson 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.

Inter Parfums (NASDAQ:IPAR) last issued its earnings results on Tuesday, August 6th. The company reported $1.14 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company had revenue of $342.00 million for the quarter, compared to analysts’ expectations of $342.00 million. During the same quarter last year, the company earned $1.09 EPS. The firm’s revenue was up 10.7% compared to the same quarter last year.

A number of other equities research analysts have also commented on the stock. Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price target for the company in a report on Friday, July 12th. BWS Financial reissued a “buy” rating and issued a $172.00 target price on shares of Inter Parfums in a research note on Wednesday. Piper Sandler restated an “overweight” rating and set 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 equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $156.50.

Inter Parfums Stock Performance

NASDAQ:IPAR opened at $121.25 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.27 and a current ratio of 2.58. Inter Parfums has a fifty-two week low of $108.39 and a fifty-two week high of $156.75. The firm has a market cap of $3.88 billion, a PE ratio of 27.94 and a beta of 1.15. The business has a 50 day moving average price of $122.63 and a 200-day moving average price of $122.67.

Insider Activity

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $125.96, for a total value of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

A number of institutional investors have recently added to or reduced their stakes in the company. Whittier Trust Co. purchased a new position in Inter Parfums during the 1st quarter valued at about $31,000. Hexagon Capital Partners LLC boosted its position in shares of Inter Parfums by 84.0% in the 1st quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after purchasing an additional 121 shares in the last quarter. CWM LLC grew its stake in shares of Inter Parfums by 44.4% in the 2nd quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after buying an additional 88 shares during the last quarter. Blue Trust Inc. increased its position in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock valued at $84,000 after buying an additional 296 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new position in Inter Parfums during the second quarter valued at $89,000. Institutional investors own 55.57% of the company’s stock.

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.