Interparfums (NASDAQ:IPAR) Posts Earnings Results, Beats Expectations By $0.15 EPS

Interparfums (NASDAQ:IPAR - Get Free Report) issued its quarterly earnings results on Tuesday. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.73 by $0.15, Zacks reports. Interparfums had a return on equity of 16.31% and a net margin of 11.24%.The firm had revenue of $386.18 million during the quarter, compared to analysts' expectations of $366.76 million.Interparfums Trading Up 1.2%3 personal care stocks that smell like good earnings playsIPAR stock traded up $1.27 during mid-day trading on Tuesday, hitting $102.97. 212,452 shares of the company were exchanged, compared to its average volume of 230,224. Interparfums has a 12-month low of $77.21 and a 12-month high of $148.15. The firm has a market capitalization of $3.30 billion, a P/E ratio of 20.15 and a beta of 1.24. The business has a fifty day simple moving average of $92.75 and a 200-day simple moving average of $95.81. The company has a quick ratio of 1.99, a current ratio of 3.27 and a debt-to-equity ratio of 0.13. Hedge Funds Weigh In On InterparfumsA number of hedge funds have recently made changes to their positions in the stock. Voleon Capital Management LP purchased a new position in Interparfums in the 3rd quarter valued at approximately $275,000. Quantinno Capital Management LP acquired a new stake in shares of Interparfums in the second quarter valued at $261,000. Caxton Associates LLP purchased a new position in Interparfums in the third quarter valued at $257,000. iSAM Funds UK Ltd purchased a new position in Interparfums in the second quarter valued at $214,000. Finally, Vident Advisory LLC acquired a new position in Interparfums during the 2nd quarter worth $206,000. Hedge funds and other institutional investors own 55.57% of the company's stock. Wall Street Analyst Weigh InMarketBeat Week in Review – 07/31 - 08/04A number of research firms have recently issued reports on IPAR. Canaccord Genuity Group reaffirmed a "buy" rating and set a $123.00 target price on shares of Interparfums in a report on Wednesday, November 19th. Zacks Research raised shares of Interparfums from a "strong sell" rating to a "hold" rating in a research note on Monday, February 2nd. Weiss Ratings reiterated a "hold (c-)" rating on shares of Interparfums in a report on Monday, December 29th. UBS Group set a $103.00 target price on shares of Interparfums in a research note on Friday, November 21st. Finally, Jefferies Financial Group began coverage on Interparfums in a research report on Wednesday, January 14th. They issued a "buy" rating and a $112.00 price target for the company. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $119.14.Get Our Latest Analysis on InterparfumsAbout Interparfums (Get Free Report)Smells Like New Highs for This Fragrance Boom WinnerInterparfums, 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.Featured ArticlesFive stocks we like better than InterparfumsThis makes me furiousElon Musk: This Could Turn $100 into $100,000Silver paying 20% dividend. Plus 68% share gainsREVEALED: Something Big Happening Behind White House DoorsWhat Expenses Can Be Deducted From Capital Gains Tax This Year?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in Interparfums Right Now?Before you consider Interparfums, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Interparfums wasn't on the list.While Interparfums currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here