BWS Financial Lowers Earnings Estimates for Inter Parfums

Inter Parfums, Inc. (NASDAQ:IPAR) – Research analysts at BWS Financial decreased their Q4 2024 earnings estimates for shares of Inter Parfums in a research report issued on Monday, November 11th. BWS Financial analyst H. Khorsand now anticipates that the company will post earnings of $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 posted its quarterly 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 analyst estimates of $425.00 million. During the same period in the previous year, the firm earned $1.66 earnings per share. Inter Parfums’s quarterly revenue was up 15.5% on a year-over-year basis.

Several other research analysts have also weighed in on IPAR. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. Piper Sandler dropped their price target on shares of Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, DA Davidson reiterated a “buy” rating and set a $163.00 price objective on shares of Inter Parfums in a report on Tuesday. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus price target of $157.50.

Inter Parfums Price Performance

NASDAQ IPAR opened at $128.20 on Wednesday. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.82 and a quick ratio of 1.60. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of 27.51 and a beta of 1.16. The company has a 50 day simple moving average of $122.42 and a 200-day simple moving average of $122.47. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $156.75.

Hedge Funds Weigh In On Inter Parfums

Hedge funds have recently bought and sold shares of the business. CWM LLC raised its position in shares of Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock valued at $33,000 after purchasing an additional 88 shares during the period. Blue Trust Inc. grew its stake in Inter Parfums by 83.4% in 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 during the last quarter. Mendota Financial Group LLC bought a new position in Inter Parfums in the 2nd quarter worth $89,000. Crossmark Global Holdings Inc. acquired a new position in Inter Parfums during the 3rd quarter worth $209,000. Finally, Choreo LLC bought a new stake in Inter Parfums during the second quarter valued at about $213,000. 55.57% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Inter Parfums

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

Inter Parfums Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 2.34%. The ex-dividend date is Monday, December 16th. Inter Parfums’s dividend payout ratio is 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.