Inter Parfums (IPAR) Set to Announce Earnings on Monday

Posted by on May 6th, 2023

Inter Parfums (NASDAQ:IPAR – Get Rating) will be posting its quarterly earnings results after the market closes on Monday, May 8th. Analysts expect Inter Parfums to post earnings of $1.22 per share for the quarter. Inter Parfums has set its FY23 guidance at $4.00 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Inter Parfums (NASDAQ:IPAR – Get Rating) last released its earnings results on Tuesday, February 28th. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.34 by $0.37. Inter Parfums had a net margin of 11.13% and a return on equity of 16.94%. The firm had revenue of $310.79 million for the quarter, compared to the consensus estimate of $280.56 million. On average, analysts expect Inter Parfums to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Inter Parfums Price Performance

IPAR stock opened at $152.66 on Friday. The company has a market capitalization of $4.90 billion, a PE ratio of 40.39, a price-to-earnings-growth ratio of 2.38 and a beta of 1.06. The company’s fifty day moving average price is $142.89 and its 200-day moving average price is $114.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.44 and a current ratio of 2.29. Inter Parfums has a one year low of $64.52 and a one year high of $161.17.

Inter Parfums Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Wednesday, March 15th were paid a dividend of $0.625 per share. This is an increase from Inter Parfums’s previous quarterly dividend of $0.50. The ex-dividend date was Tuesday, March 14th. This represents a $2.50 dividend on an annualized basis and a yield of 1.64%. Inter Parfums’s dividend payout ratio is presently 66.14%.

Analyst Ratings Changes

IPAR has been the topic of a number of recent research reports. DA Davidson upped their price target on shares of Inter Parfums from $176.00 to $187.00 and gave the company a “buy” rating in a research note on Friday, April 21st. StockNews.com raised shares of Inter Parfums from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler upped their price target on shares of Inter Parfums from $170.00 to $178.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. BWS Financial boosted their price objective on shares of Inter Parfums from $150.00 to $172.00 and gave the company a “buy” rating in a research report on Friday, March 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of Inter Parfums from $96.00 to $104.00 and gave the company a “hold” rating in a research report on Tuesday, January 31st. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $148.00.

Insider Buying and Selling at Inter Parfums

In related news, Director Gilbert Harrison sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $137.50, for a total value of $171,875.00. Following the transaction, the director now owns 750 shares of the company’s stock, valued at approximately $103,125. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Inter Parfums news, COO Pelayo Frederic Garcia sold 800 shares of the firm’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $138.99, for a total transaction of $111,192.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Gilbert Harrison sold 1,250 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $137.50, for a total transaction of $171,875.00. Following the transaction, the director now directly owns 750 shares in the company, valued at approximately $103,125. The disclosure for this sale can be found here. Insiders have sold 2,550 shares of company stock worth $351,567 over the last quarter. Insiders own 44.20% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA boosted its stake in Inter Parfums by 1.2% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,253 shares of the company’s stock worth $822,000 after purchasing an additional 135 shares in the last quarter. Captrust Financial Advisors boosted its stake in Inter Parfums by 4.9% in the 1st quarter. Captrust Financial Advisors now owns 3,299 shares of the company’s stock worth $290,000 after purchasing an additional 155 shares in the last quarter. Laurel Wealth Advisors Inc. boosted its stake in Inter Parfums by 4.6% in the 4th quarter. Laurel Wealth Advisors Inc. now owns 4,868 shares of the company’s stock worth $470,000 after purchasing an additional 215 shares in the last quarter. Seaport Global Advisors LLC boosted its stake in Inter Parfums by 16.4% in the 4th quarter. Seaport Global Advisors LLC now owns 1,771 shares of the company’s stock worth $171,000 after purchasing an additional 249 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in Inter Parfums by 1.1% in the 4th quarter. Alliancebernstein L.P. now owns 25,212 shares of the company’s stock worth $2,433,000 after purchasing an additional 271 shares in the last quarter. Hedge funds and other institutional investors own 55.41% of the company’s stock.

About Inter Parfums

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Inter Parfums, Inc engages in the business of manufacturing, marketing, and distributing wide array of fragrances and related products. It operates through the European Based Operations and United States Based Operations segments. The European Based Operations segment conducts primarily in France. The United States Based Operations segment includes the sale of prestige brand name fragrances.

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Earnings History for Inter Parfums (NASDAQ:IPAR)

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