Interparfums (NASDAQ:IPAR) Releases Quarterly 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 results 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 return on equity of 16.45% and a net margin of 11.03%. Interparfums's revenue was down 2.3% compared to the same quarter last year. During the same period last year, the firm earned $1.14 EPS. Interparfums updated its FY 2025 guidance to 5.350-5.350 EPS.

Interparfums Price Performance

Interparfums stock traded down $1.29 during mid-day trading on Friday, hitting $115.82. 180,894 shares of the company were exchanged, compared to its average volume of 243,831. Interparfums has a 12-month low of $97.65 and a 12-month high of $148.15. The company has a market capitalization of $3.72 billion, a P/E ratio of 23.21 and a beta of 1.43. The business's 50 day simple moving average is $131.48 and its two-hundred day simple moving average is $126.78. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.96 and a quick ratio of 1.68.

Interparfums Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a dividend of $0.80 per share. This represents a $3.20 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date is Monday, September 15th. Interparfums's dividend payout ratio is 64.13%.

Insider Activity

In other Interparfums news, Director Gilbert Harrison sold 400 shares of the business'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 completion of the transaction, the director directly owned 1,550 shares in the company, valued at approximately $207,638. The trade was a 20.51% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Philippe Santi sold 1,000 shares of the stock in a transaction on Tuesday, June 10th. The stock was sold at an average price of $139.23, for a total value of $139,230.00. The disclosure for this sale can be found here. Insiders have sold 2,900 shares of company stock worth $376,039 over the last three months. 43.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Interparfums

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

Wall Street Analysts Forecast Growth

IPAR has been the subject of several research reports. BWS Financial reaffirmed a "buy" rating and set a $172.00 price objective on shares of Interparfums in a report on Wednesday, May 7th. Piper Sandler reaffirmed an "overweight" rating and set a $138.00 price target (down previously from $169.00) on shares of Interparfums in a research note on Thursday, April 24th.

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.