Interparfums (NASDAQ:IPAR) Posts Earnings Results, Beats Estimates By $0.15 EPS

Interparfums (NASDAQ:IPAR) released its earnings results on Tuesday. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.73 by $0.15, Zacks reports. Interparfums had a net margin of 11.24% and a return on equity of 16.31%. The firm had revenue of $386.18 million for the quarter, compared to analyst estimates of $366.76 million.

Interparfums Stock Up 1.2%

NASDAQ:IPAR traded up $1.27 during midday trading on Tuesday, hitting $102.97. 212,452 shares of the company were exchanged, compared to its average volume of 230,224. The company has a fifty day simple moving average of $92.75 and a 200 day simple moving average of $95.81. Interparfums has a fifty-two week low of $77.21 and a fifty-two week high of $148.15. The company has a current ratio of 3.27, a quick ratio of 1.99 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.30 billion, a PE ratio of 20.15 and a beta of 1.24.

Analyst Upgrades and Downgrades

IPAR has been the topic of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of Interparfums in a research report on Friday, November 21st. They issued a “buy” rating and a $103.00 price objective on the stock. Canaccord Genuity Group reiterated a “buy” rating and set a $123.00 target price on shares of Interparfums in a research note on Wednesday, November 19th. Jefferies Financial Group initiated coverage on Interparfums in a report on Wednesday, January 14th. They issued a “buy” rating and a $112.00 target price on the stock. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Interparfums in a report on Monday, December 29th. Finally, Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, February 2nd. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $119.14.

Institutional Trading of Interparfums

Hedge funds and other institutional investors have recently made changes to their positions in the company. Invesco Ltd. lifted its holdings in shares of Interparfums by 8.2% in the 4th quarter. Invesco Ltd. now owns 425,249 shares of the company’s stock valued at $36,074,000 after purchasing an additional 32,076 shares during the last quarter. XTX Topco Ltd increased its position in Interparfums by 487.5% during the fourth quarter. XTX Topco Ltd now owns 15,851 shares of the company’s stock worth $1,345,000 after buying an additional 13,153 shares during the period. Voloridge Investment Management LLC increased its position in Interparfums by 11.1% during the fourth quarter. Voloridge Investment Management LLC now owns 76,358 shares of the company’s stock worth $6,477,000 after buying an additional 7,613 shares during the period. Occudo Quantitative Strategies LP purchased a new stake in Interparfums in the fourth quarter valued at approximately $442,000. Finally, Odyssean LLC acquired a new stake in shares of Interparfums in the fourth quarter valued at approximately $751,000. Institutional investors and hedge funds own 55.57% of the company’s stock.

Interparfums Company Profile

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company’s core activities include fragrance creation, brand management and international logistics.