Interparfums (NASDAQ:IPAR) Issues Earnings Results, Beats Expectations By $0.32 EPS

Interparfums (NASDAQ:IPAR) announced its quarterly earnings data on Wednesday. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.32, FiscalAI reports. The company had revenue of $429.51 million during the quarter, compared to analyst estimates of $430.00 million. Interparfums had a net margin of 11.33% and a return on equity of 15.44%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS.

Interparfums Stock Up 0.1%

Shares of NASDAQ:IPAR traded up $0.07 during trading on Friday, reaching $135.35. The stock had a trading volume of 182,823 shares, compared to its average volume of 258,920. Interparfums has a one year low of $77.21 and a one year high of $136.00. The company has a market capitalization of $4.33 billion, a P/E ratio of 25.53 and a beta of 1.08. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The firm’s 50-day simple moving average is $115.09 and its 200 day simple moving average is $105.20.

Interparfums Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 15th will be paid a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, December 15th. Interparfums’s payout ratio is 60.26%.

Insider Activity at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $116.86, for a total transaction of $105,174.00. Following the completion of the sale, the director owned 900 shares of the company’s stock, valued at $105,174. This represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 43.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Jefferies Financial Group lifted their target price on Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a research report on Tuesday, July 28th. The Goldman Sachs Group downgraded Interparfums from a “buy” rating to a “neutral” rating and increased their price target for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a research note on Friday, October 2nd. Zacks Research upgraded Interparfums from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. Finally, BWS Financial lowered shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price objective for the company. in a research note on Monday, August 17th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $123.71.

About Interparfums

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.