Interparfums (NASDAQ:IPAR) Posts Earnings Results, Misses Expectations By $0.11 EPS

Key Points

• Interparfums reported quarterly earnings of $0.99 per share, which fell short of analysts' expectations of $1.20, marking a year-over-year decline from $1.14 per share.
• The company's revenue decreased by 2.3% compared to the same quarter last year, prompting an update to its FY 2025 EPS guidance to 5.350.
• Despite the earnings miss, analysts have issued a "Moderate Buy" consensus rating for Interparfums, with a target price averaging $162.00.

Interparfums (NASDAQ:IPAR - Get Free Report) announced its quarterly earnings data on Tuesday. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.11), Zacks reports. The firm had revenue of $333.94 million for the quarter, compared to analysts' expectations of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business's revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.14 earnings per share. Interparfums updated its FY 2025 guidance to 5.350-5.350 EPS.

Interparfums Stock Performance

Shares of Interparfums stock traded up $0.05 during trading hours on Friday, reaching $117.16. 103,688 shares of the stock traded hands, compared to its average volume of 237,173. Interparfums has a one year low of $97.65 and a one year high of $148.15. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 23.48 and a beta of 1.43. The company has a quick ratio of 1.68, a current ratio of 2.96 and a debt-to-equity ratio of 0.14. The company has a 50 day moving average price of $131.88 and a 200 day moving average price of $126.96.

Interparfums Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, September 15th. Interparfums's dividend payout ratio (DPR) is presently 64.13%.

Insider Transactions at Interparfums

In related news, Director Gilbert Harrison sold 400 shares of the firm's stock in a transaction on Monday, June 23rd. The stock was sold at an average price of $133.96, for a total value of $53,584.00. Following the transaction, the director directly owned 1,550 shares of the company's stock, valued at approximately $207,638. This trade represents a 20.51% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Veronique Gabai-Pinsky sold 1,500 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $122.15, for a total value of $183,225.00. The disclosure for this sale can be found here. Insiders have sold 2,900 shares of company stock worth $376,039 in the last 90 days. 43.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Interparfums by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 10,848 shares of the company's stock worth $1,235,000 after purchasing an additional 476 shares in the last quarter. AQR Capital Management LLC grew its stake in Interparfums by 61.7% during the 1st quarter. AQR Capital Management LLC now owns 2,923 shares of the company's stock worth $333,000 after buying an additional 1,115 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Interparfums by 2.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company's stock valued at $15,825,000 after buying an additional 3,684 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in Interparfums by 8.7% in the first quarter. Royal Bank of Canada now owns 55,923 shares of the company's stock valued at $6,368,000 after buying an additional 4,453 shares during the last quarter. 55.57% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on IPAR shares. Piper Sandler reissued an "overweight" rating and issued a $138.00 target price (down previously from $169.00) on shares of Interparfums in a report on Thursday, April 24th. BWS Financial reaffirmed a "buy" rating and set a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th.

About Interparfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.