BWS Financial Has Negative View of Inter Parfums Q4 Earnings

Inter Parfums, Inc. (NASDAQ:IPAR) – Equities research analysts at BWS Financial cut their Q4 2024 earnings estimates for shares of Inter Parfums in a note issued to investors on Monday, November 11th. BWS Financial analyst H. Khorsand now expects that the company will post earnings of $0.81 per share for the quarter, down from their previous forecast of $1.00. BWS Financial currently has a “Buy” rating and a $172.00 target price 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.

A number of other research analysts have also recently issued reports on the stock. Piper Sandler restated an “overweight” rating and set a $151.00 price objective (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. DA Davidson restated a “buy” rating and issued a $163.00 price objective on shares of Inter Parfums in a research report on Tuesday. Finally, StockNews.com upgraded Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Inter Parfums currently has a consensus rating of “Moderate Buy” and a consensus target price of $156.50.

Inter Parfums Price Performance

Inter Parfums stock opened at $126.00 on Wednesday. The firm has a market capitalization of $4.04 billion, a P/E ratio of 27.04 and a beta of 1.16. The business has a 50-day moving average of $122.33 and a 200-day moving average of $122.43. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. Inter Parfums has a 1 year low of $108.39 and a 1 year high of $156.75.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analyst estimates of $425.00 million. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The firm’s revenue was up 15.5% on a year-over-year basis. During the same period last year, the company earned $1.66 EPS.

Inter Parfums Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.75 per share. The ex-dividend date is Monday, December 16th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.38%. Inter Parfums’s payout ratio is 64.38%.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of Inter Parfums stock in a transaction dated 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 SEC, which is accessible through this link. 43.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Inter Parfums

Hedge funds have recently made changes to their positions in the business. CWM LLC lifted 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 worth $33,000 after purchasing an additional 88 shares in the last quarter. Blue Trust Inc. lifted its position in Inter Parfums by 83.4% during the 3rd quarter. Blue Trust Inc. now owns 651 shares of the company’s stock worth $84,000 after buying an additional 296 shares in the last quarter. Mendota Financial Group LLC acquired a new position in shares of Inter Parfums during the 2nd quarter worth about $89,000. Crossmark Global Holdings Inc. bought a new position in shares of Inter Parfums in the 3rd quarter valued at about $209,000. Finally, Choreo LLC acquired a new stake in shares of Inter Parfums in the second quarter valued at about $213,000. 55.57% of the stock is owned by institutional investors.

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.