Zacks Research Cuts Earnings Estimates for Inter Parfums

Inter Parfums, Inc. (NASDAQ:IPAR) – Zacks Research lowered their Q4 2024 EPS estimates for shares of Inter Parfums in a research note issued on Wednesday, November 20th. Zacks Research analyst V. Bagree now forecasts that the company will post earnings of $0.81 per share for the quarter, down from their prior estimate of $0.90. The consensus estimate for Inter Parfums’ current full-year earnings is $5.15 per share. Zacks Research also issued estimates for Inter Parfums’ Q1 2025 earnings at $1.36 EPS, Q2 2025 earnings at $1.24 EPS, Q4 2025 earnings at $0.84 EPS, FY2025 earnings at $5.35 EPS, Q2 2026 earnings at $1.30 EPS and FY2026 earnings at $5.84 EPS.

Several other analysts have also issued reports on IPAR. StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. DA Davidson reiterated a “buy” rating and set a $163.00 price target on shares of Inter Parfums in a research note on Tuesday, November 12th. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a research note on Monday, November 11th. Finally, Piper Sandler lowered their target price on Inter Parfums from $158.00 to $155.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus price target of $157.50.

Inter Parfums Trading Up 2.6 %

Inter Parfums stock opened at $134.07 on Monday. The business has a 50-day simple moving average of $123.92 and a two-hundred day simple moving average of $122.97. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $156.75. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14. The company has a market cap of $4.29 billion, a P/E ratio of 28.77 and a beta of 1.16.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, beating 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 company had revenue of $425.00 million during the quarter, compared to analysts’ expectations of $425.00 million. During the same quarter in the prior year, the business earned $1.66 earnings per share. Inter Parfums’s revenue for the quarter was up 15.5% compared to the same quarter last year.

Hedge Funds Weigh In On Inter Parfums

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in shares of Inter Parfums by 1.5% during the 1st quarter. Vanguard Group Inc. now owns 2,054,786 shares of the company’s stock valued at $288,718,000 after buying an additional 30,316 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Inter Parfums by 0.7% in the second quarter. Dimensional Fund Advisors LP now owns 735,841 shares of the company’s stock valued at $85,384,000 after acquiring an additional 4,862 shares in the last quarter. State Street Corp boosted its stake in shares of Inter Parfums by 0.3% in the third quarter. State Street Corp now owns 676,253 shares of the company’s stock worth $87,561,000 after acquiring an additional 2,255 shares during the period. Royce & Associates LP grew its position in shares of Inter Parfums by 0.7% during the third quarter. Royce & Associates LP now owns 595,175 shares of the company’s stock worth $77,063,000 after purchasing an additional 4,345 shares in the last quarter. Finally, Geode Capital Management LLC raised its stake in Inter Parfums by 1.2% during the 3rd quarter. Geode Capital Management LLC now owns 436,137 shares of the company’s stock valued at $56,481,000 after purchasing an additional 5,056 shares during the period. 55.57% of the stock is currently owned by institutional investors.

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.