Q3 Earnings Forecast for Inter Parfums Issued By DA Davidson

Inter Parfums, Inc. (NASDAQ:IPAR) – Investment analysts at DA Davidson lifted their Q3 2024 earnings estimates for shares of Inter Parfums in a report issued on Tuesday, October 22nd. DA Davidson analyst L. Weiser now expects that the company will post earnings per share of $1.87 for the quarter, up from their prior 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.

Other analysts have also issued reports about the stock. Piper Sandler restated an “overweight” rating and issued a $151.00 price objective (up from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. BWS Financial restated a “buy” rating and issued a $172.00 price objective on shares of Inter Parfums in a report on Thursday, August 8th. StockNews.com raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 target price on the stock in a research report on Friday, July 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $156.50.

Inter Parfums Trading Up 0.8 %

Shares of Inter Parfums stock opened at $120.23 on Wednesday. The firm has a market capitalization of $3.85 billion, a price-to-earnings ratio of 27.70 and a beta of 1.15. 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 stock has a 50 day moving average of $122.67 and a 200 day moving average of $122.68.

Inter Parfums (NASDAQ:IPAR) last announced 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. The firm had revenue of $342.00 million for the quarter, compared to analysts’ expectations of $342.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.09 EPS.

Institutional Investors Weigh In On Inter Parfums

Several large investors have recently bought and sold shares of the stock. Whittier Trust Co. acquired a new position in shares of Inter Parfums during the first quarter worth about $31,000. CWM LLC lifted its stake in Inter Parfums by 44.4% in the second quarter. CWM LLC now owns 286 shares of the company’s stock worth $33,000 after acquiring an additional 88 shares during the last quarter. Hexagon Capital Partners LLC grew its holdings in Inter Parfums by 84.0% during the 1st 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. Blue Trust Inc. increased its position in shares of 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 purchasing an additional 296 shares during the last quarter. Finally, Mendota Financial Group LLC purchased a new stake in shares of Inter Parfums during the 2nd quarter worth $89,000. Hedge funds and other institutional investors own 55.57% of the company’s stock.

Insider Activity

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the stock in a transaction that occurred 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 document filed with the SEC, which can be accessed through the SEC website. Insiders own 43.90% 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.