Research Analysts Issue Forecasts for Inter Parfums, Inc.’s Q2 2024 Earnings (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPAR) – Zacks Research dropped their Q2 2024 earnings per share estimates for shares of Inter Parfums in a note issued to investors on Monday, May 20th. Zacks Research analyst V. Bagree now forecasts that the company will earn $1.14 per share for the quarter, down from their previous estimate of $1.16. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share. Zacks Research also issued estimates for Inter Parfums’ Q4 2024 earnings at $0.79 EPS, Q1 2025 earnings at $1.49 EPS, Q2 2025 earnings at $1.27 EPS, Q4 2025 earnings at $0.78 EPS and Q1 2026 earnings at $1.70 EPS.

Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 7th. The company reported $1.27 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.29). The firm had revenue of $323.96 million during the quarter, compared to analysts’ expectations of $324.00 million. Inter Parfums had a net margin of 10.50% and a return on equity of 15.85%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the company posted $1.68 EPS.

Several other equities analysts also recently commented on the company. BWS Financial reaffirmed a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research report on Thursday, May 9th. Piper Sandler cut their price target on shares of Inter Parfums from $176.00 to $172.00 and set an “overweight” rating on the stock in a report on Thursday, April 25th. Finally, DA Davidson reiterated a “buy” rating and set a $192.00 price objective on shares of Inter Parfums in a report on Thursday, May 9th.

Inter Parfums Trading Down 0.3 %

IPAR opened at $117.97 on Wednesday. Inter Parfums has a one year low of $114.71 and a one year high of $156.75. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.43 and a current ratio of 2.75. The stock has a market cap of $3.78 billion, a price-to-earnings ratio of 27.18 and a beta of 1.19. The stock’s 50 day moving average price is $127.35 and its 200-day moving average price is $134.47.

Institutional Trading of Inter Parfums

A number of institutional investors have recently bought and sold shares of the stock. McGlone Suttner Wealth Management Inc. purchased a new position in shares of Inter Parfums in the fourth quarter worth $27,000. Principal Securities Inc. purchased a new position in Inter Parfums in the 4th quarter worth $30,000. Whittier Trust Co. acquired a new stake in Inter Parfums during the 1st quarter worth about $31,000. Signaturefd LLC grew its stake in Inter Parfums by 87.4% during the 4th quarter. Signaturefd LLC now owns 223 shares of the company’s stock valued at $32,000 after purchasing an additional 104 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Inter Parfums in the fourth quarter valued at about $33,000. 55.57% of the stock is currently owned by institutional investors and hedge funds.

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.