Interparfums (NASDAQ:IPAR) Issues Earnings Results, Beats Expectations By $0.21 EPS

Interparfums (NASDAQ:IPAR - Get Free Report) released its quarterly earnings data on Tuesday, May 5th. The company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.14 by $0.21, Zacks reports. The business had revenue of $344.89 million for the quarter, compared to the consensus estimate of $345.00 million. Interparfums had a net margin of 11.32% and a return on equity of 15.47%. The company's revenue was up 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.32 earnings per share. Interparfums updated its FY 2026 guidance to 4.850-4.850 EPS.

Interparfums Stock Down 1.6%

Interparfums stock traded down $1.41 during mid-day trading on Wednesday, hitting $88.76. The company had a trading volume of 247,677 shares, compared to its average volume of 253,311. Interparfums has a 12 month low of $77.21 and a 12 month high of $142.61. The company has a market capitalization of $2.84 billion, a PE ratio of 16.84 and a beta of 1.16. The stock's 50 day moving average price is $92.26 and its two-hundred day moving average price is $91.00. The company has a current ratio of 3.26, a quick ratio of 2.05 and a debt-to-equity ratio of 0.10.

Interparfums Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Monday, June 15th will be issued a $0.80 dividend. This represents a $3.20 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, June 15th. Interparfums's payout ratio is 60.72%.

Insider Buying and Selling at Interparfums

In other news, CEO Jean Madar sold 20,000 shares of Interparfums stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $91.02, for a total value of $1,820,400.00. Following the completion of the transaction, the chief executive officer owned 7,066,341 shares of the company's stock, valued at $643,178,357.82. The trade was a 0.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 43.70% of the stock is owned by insiders.

Institutional Trading of Interparfums

Several institutional investors have recently bought and sold shares of IPAR. Royal Bank of Canada raised its holdings in Interparfums by 8.7% during the first quarter. Royal Bank of Canada now owns 55,923 shares of the company's stock valued at $6,368,000 after acquiring an additional 4,453 shares during the period. AQR Capital Management LLC grew its stake in shares of Interparfums by 61.7% in 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Interparfums by 4.6% in 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. Goldman Sachs Group Inc. increased its holdings in shares of Interparfums by 2.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 138,977 shares of the company's stock worth $15,825,000 after buying an additional 3,684 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Interparfums by 24.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 9,752 shares of the company's stock valued at $1,281,000 after buying an additional 1,893 shares in the last quarter. 55.57% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on IPAR shares. BWS Financial restated a "neutral" rating and set a $85.00 target price on shares of Interparfums in a research report on Wednesday, April 22nd. Wall Street Zen lowered Interparfums from a "buy" rating to a "hold" rating in a report on Sunday, April 26th. Zacks Research upgraded shares of Interparfums from a "strong sell" rating to a "hold" rating in a research report on Monday, February 2nd. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Interparfums in a research note on Friday, March 27th. Finally, Jefferies Financial Group began coverage on shares of Interparfums in a research report on Wednesday, January 14th. They set a "buy" rating and a $112.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $105.20.

About Interparfums

Interparfums, Inc is a global fragrance company that designs, manufactures and distributes a broad range of premium perfume and cosmetic products. Operating primarily through licensing agreements with established fashion and luxury brands, the company oversees every stage of product development from concept and formulation to production and global distribution. Its portfolio encompasses well-known names in the fragrance industry, including Montblanc, Coach, Jimmy Choo, Van Cleef & Arpels and Lanvin, among others.

The company's core activities include fragrance creation, brand management and international logistics.