Inter Parfums, Inc. to Post Q2 2023 Earnings of $0.94 Per Share, Jefferies Financial Group Forecasts (NASDAQ:IPAR)

Inter Parfums, Inc. (NASDAQ:IPARGet Rating) – Research analysts at Jefferies Financial Group cut their Q2 2023 earnings per share (EPS) estimates for shares of Inter Parfums in a report released on Monday, November 21st. Jefferies Financial Group analyst A. Helgans now forecasts that the company will earn $0.94 per share for the quarter, down from their previous estimate of $0.96. The consensus estimate for Inter Parfums’ current full-year earnings is $3.41 per share. Jefferies Financial Group also issued estimates for Inter Parfums’ FY2023 earnings at $3.70 EPS.

IPAR has been the topic of several other reports. StockNews.com assumed coverage on Inter Parfums in a research report on Wednesday, October 12th. They set a “hold” rating on the stock. TheStreet upgraded Inter Parfums from a “c+” rating to a “b-” rating in a research report on Monday, August 15th. DA Davidson raised their price target on Inter Parfums from $98.00 to $104.00 and gave the stock a “buy” rating in a research report on Tuesday. Finally, Piper Sandler raised their price target on Inter Parfums to $108.00 in a research report on Wednesday, November 16th. One investment 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, Inter Parfums presently has an average rating of “Moderate Buy” and a consensus price target of $109.00.

Inter Parfums Price Performance

Shares of Inter Parfums stock opened at $90.94 on Wednesday. The company has a current ratio of 2.85, a quick ratio of 1.71 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $2.90 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 1.80 and a beta of 0.96. The business’s 50-day moving average price is $80.34 and its 200-day moving average price is $77.60. Inter Parfums has a 12 month low of $64.52 and a 12 month high of $108.35.

Inter Parfums Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 30th. Investors of record on Thursday, December 15th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Wednesday, December 14th. This represents a $2.00 annualized dividend and a yield of 2.20%. Inter Parfums’s payout ratio is 62.11%.

Insiders Place Their Bets

In other Inter Parfums news, CFO Russell Greenberg sold 2,489 shares of the stock in a transaction that occurred on Thursday, September 8th. The stock was sold at an average price of $78.51, for a total value of $195,411.39. Following the completion of the sale, the chief financial officer now owns 7,500 shares in the company, valued at approximately $588,825. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 44.20% of the company’s stock.

Institutional Investors Weigh In On Inter Parfums

Several institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. lifted its holdings in Inter Parfums by 1.6% in the 3rd quarter. BlackRock Inc. now owns 2,728,187 shares of the company’s stock worth $205,870,000 after buying an additional 42,380 shares during the period. Vanguard Group Inc. lifted its holdings in Inter Parfums by 2.1% in the 3rd quarter. Vanguard Group Inc. now owns 2,073,741 shares of the company’s stock worth $156,484,000 after buying an additional 43,380 shares during the period. Royce & Associates LP lifted its stake in shares of Inter Parfums by 22.3% in the 2nd quarter. Royce & Associates LP now owns 894,782 shares of the company’s stock valued at $65,373,000 after purchasing an additional 163,448 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Inter Parfums by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 885,693 shares of the company’s stock valued at $66,833,000 after purchasing an additional 4,361 shares during the period. Finally, Copeland Capital Management LLC lifted its stake in shares of Inter Parfums by 1.4% in the 3rd quarter. Copeland Capital Management LLC now owns 644,246 shares of the company’s stock valued at $48,615,000 after purchasing an additional 8,676 shares during the period. Hedge funds and other institutional investors own 55.58% of the company’s stock.

Inter Parfums Company Profile

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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. The company operates in two segments, European Based Operations and United States Based Operations. It offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lily Aldridge, Lanvin, Moncler, Montblanc, Rochas, S.T.

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Earnings History and Estimates for Inter Parfums (NASDAQ:IPAR)

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