It is May 26, 2023, and Inter Parfums (NASDAQ:IPAR) has been making waves in the market with its impressive figures. Shares of IPAR opened at $129.71 on Friday, and while the business’s 50-day moving average is $143.15 and its two-hundred day moving average is $120.09, it has a market capitalization of $4.15 billion — talk about an impressive figure! With a P/E ratio of 29.75 and a P/E/G ratio of 2.05, coupled with a beta of 1.06, Inter Parfums has been attracting the attention of several brokerages.
According to recent reports on IPAR from various brokerage firms, Piper Sandler boosted their price target from $170 to $178 and gave the company an “overweight” rating in a report on April 20th; DA Davidson increased their target price from $176 to $187 and gave the stock a “buy” rating in a research note on April 21st; Jefferies Financial Group lifted their price target from $96 to $104 and gave the company a “hold” rating in January; while BWS Financial increased its price target from $150 to $172 and gave the stock a “buy” rating last March.
Meanwhile, StockNews.com issued concerns over the performance of Inter Parfums stating that shares plummeted from being labeled as ‘buy’ to ‘hold.’ Nonetheless, experts still maintain an overall moderate buy stance on IPAR with an industry consensus price target of around $160.
In other news related to IPAR’s performance, Insiders have sold over 2,550 shares valued at more than $350K over the last three months — resulting in corporate insiders owning now only owning only around 44% percent of stake after these transactions.
On May 8th this year when Inter Parfums released its quarterly earnings report, the company revealed that it had exceeded analysts’ consensus estimates of $1.39 with earnings per share of $1.68 for the quarter. The firm’s revenue amounted to $311.72 million compared to expected revenue of $312.07 million.
With a net margin of 12.17% and a return on equity of 18.87%, IPAR’s quarterly revenue showed an impressive increase of 24.4% compared to its performance during the same quarter last year when the business earned $1.10 earnings per share.
Inter Parfums continues to prove itself as a strong player in the market, and with these stellar financials, it will likely remain so for some time to come!
Inter Parfums, Inc. Continues to Impress Market Analysts with Positive Earnings Estimates and Increased Dividend Payouts
Inter Parfums, Inc. (NASDAQ:IPAR) has continued to impress investors and market analysts alike with its consistently positive financial performance over the last several years. Research analysts at Zacks Research recently released their Q3 2023 earnings estimates for shares of Inter Parfums, further bolstering investor confidence in the company’s future profitability.
According to Zacks Research analyst V. Bagree, he now forecasts that Inter Parfums will earn $1.27 per share for the quarter, up from their previous estimate of $1.25. This news is sure to be music to investor’s ears as it sets an encouraging precedent for the rest of 2023 and beyond.
Furthermore, Zacks Research also issued its estimates for Inter Parfum’s Q4 2024 earnings at $0.92 EPS, indicating a strong outlook for future growth and long-term profitability.
This positive trend within Inter Parfum’s financials also extends to its dividend payouts – in March of this year, the company declared a quarterly dividend that saw investors paid a generous $0.625 dividend on an annualized basis with a yield of 1.93%. This reflects a significant increase from the previous quarterly dividend of just $0.50, demonstrating Inter Parfum’s commitment to fostering long-term shareholder value.
Investors who have held shares in Inter Parfums will be pleased at this trend of increased dividends as it represents a reliable and stable stream of income that could fuel further investment into developing new products or expansion opportunities overseas.
Overall, these recent developments point towards a promising future for Inter Parfums as it continues to assert itself as one of the leaders in the luxury fragrance industry today. With solid market fundamentals coupled with innovative product offerings and a commitment to shareholder value – all signs indicate that at least over the next year or so IPAR stock should remain firmly on investors’ radars if they want to stay ahead of the curve.
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