Interparfums (NASDAQ:IPAR) Announces Earnings Results

by · The Markets Daily

Interparfums (NASDAQ:IPAR – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $2.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.81 by $0.32, FiscalAI reports. Interparfums had a return on equity of 15.21% and a net margin of 11.17%. The firm had revenue of $429.51 million during the quarter, compared to the consensus estimate of $430.00 million. During the same quarter in the prior year, the firm posted $2.05 EPS. The business’s revenue was down .1% on a year-over-year basis.

Interparfums Stock Performance

Shares of IPAR traded up $6.48 during midday trading on Wednesday, reaching $123.57. The stock had a trading volume of 235,407 shares, compared to its average volume of 204,510. The firm has a 50 day simple moving average of $114.72 and a 200-day simple moving average of $104.97. Interparfums has a one year low of $77.21 and a one year high of $129.29. The firm has a market cap of $3.96 billion, a PE ratio of 22.39 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.

Analyst Ratings Changes

A number of analysts recently issued reports on IPAR shares. Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a research report on Monday, October 26th. Weiss Ratings reiterated a “hold (c)” rating on shares of Interparfums in a report on Friday, October 2nd. BWS Financial cut Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target for the company. in a research report on Monday, August 17th. TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and raised their price target for the company from $110.00 to $120.00 in a research note on Monday, August 10th. Finally, The Goldman Sachs Group lowered Interparfums from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. Two investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $123.29.

Read Our Latest Analysis on Interparfums

Insider Buying and Selling at Interparfums

In related news, Director Veronique Gabai-Pinsky sold 900 shares of the firm’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $116.86, for a total value of $105,174.00. Following the completion of the sale, the director directly owned 900 shares in the company, valued at approximately $105,174. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 43.60% of the stock is owned by corporate insiders.

About Interparfums

(Get Free Report)

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.

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