BWS Financial Predicts Increased Earnings for Inter Parfums

Inter Parfums, Inc. (NASDAQ:IPAR) – Equities researchers at BWS Financial upped their Q3 2024 earnings per share estimates for shares of Inter Parfums in a research note issued to investors on Wednesday, October 23rd. BWS Financial analyst H. Khorsand now expects that the company will post earnings of $1.73 per share for the quarter, up from their previous estimate of $1.64. 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 $5.17 per share. BWS Financial also issued estimates for Inter Parfums’ Q4 2024 earnings at $1.00 EPS, Q1 2025 earnings at $1.24 EPS, Q3 2025 earnings at $1.86 EPS and Q4 2025 earnings at $1.24 EPS.

Several other research firms also recently commented on IPAR. Piper Sandler reiterated an “overweight” rating and issued a $151.00 target price (up from $150.00) on shares of Inter Parfums in a research report on Tuesday, July 23rd. StockNews.com raised Inter Parfums from a “sell” rating to a “hold” rating in a research note on Wednesday, August 7th. DA Davidson reaffirmed a “buy” rating and issued a $163.00 price target on shares of Inter Parfums in a research note on Tuesday, October 22nd. Finally, Jefferies Financial Group upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective on the stock in a report on Friday, July 12th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $156.50.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR opened at $121.70 on Monday. The company has a current ratio of 2.58, a quick ratio of 1.27 and a debt-to-equity ratio of 0.12. Inter Parfums has a 12 month low of $108.39 and a 12 month high of $156.75. The stock has a market capitalization of $3.90 billion, a PE ratio of 28.04 and a beta of 1.15. The firm has a 50 day moving average of $122.37 and a 200-day moving average of $122.47.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, August 6th. The company reported $1.14 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.09. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The firm had revenue of $342.00 million for the quarter, compared to analysts’ expectations of $342.00 million. During the same period in the prior year, the firm earned $1.09 EPS. The business’s revenue was up 10.7% on a year-over-year basis.

Insider Buying and Selling at Inter Parfums

In related news, Director Veronique Gabai-Pinsky sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $125.96, for a total value of $188,940.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 43.90% of the company’s stock.

Hedge Funds Weigh In On Inter Parfums

Several hedge funds and other institutional investors have recently modified their holdings of IPAR. Hexagon Capital Partners LLC boosted its holdings in Inter Parfums by 84.0% in the first quarter. Hexagon Capital Partners LLC now owns 265 shares of the company’s stock worth $37,000 after acquiring an additional 121 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Inter Parfums by 13.8% in the 1st quarter. BNP Paribas Financial Markets now owns 33,403 shares of the company’s stock worth $4,693,000 after purchasing an additional 4,059 shares during the period. Whittier Trust Co. bought a new stake in Inter Parfums during the 1st quarter worth approximately $31,000. Texas Permanent School Fund Corp lifted its position in shares of Inter Parfums by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 15,674 shares of the company’s stock valued at $2,202,000 after acquiring an additional 203 shares in the last quarter. Finally, Quantbot Technologies LP lifted its holdings in Inter Parfums by 476.0% in the 1st quarter. Quantbot Technologies LP now owns 2,932 shares of the company’s stock worth $412,000 after purchasing an additional 2,423 shares in the last quarter. Hedge funds and other 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.