Inter Parfums, Inc. (IPAR) Declares $0.17 Quarterly Dividend
Inter Parfums, Inc. (NASDAQ:IPAR) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be paid a dividend of 0.17 per share on Friday, October 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend is Thursday, September 28th.
Shares of Inter Parfums (NASDAQ:IPAR) traded up 1.56% during midday trading on Tuesday, hitting $39.05. 147,957 shares of the stock were exchanged. The stock has a market cap of $1.22 billion, a P/E ratio of 30.99 and a beta of 1.77. The firm’s 50 day moving average price is $36.79 and its 200-day moving average price is $35.72. Inter Parfums has a 52-week low of $29.40 and a 52-week high of $41.70.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $122.57 million. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. The firm’s revenue was up 10.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. On average, equities research analysts expect that Inter Parfums will post $1.27 earnings per share for the current fiscal year.
Several analysts recently weighed in on IPAR shares. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a report on Monday, May 1st. BidaskClub upgraded Inter Parfums from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Jefferies Group LLC assumed coverage on Inter Parfums in a research report on Friday, June 2nd. They issued a “hold” rating and a $35.00 price objective on the stock. Finally, DA Davidson reaffirmed a “buy” rating and issued a $44.00 price objective on shares of Inter Parfums in a research report on Monday, May 8th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $39.57.
Inter Parfums Company Profile
Inter Parfums, Inc operates in the fragrance business. The Company manufactures, markets and distributes an array of fragrance and fragrance related products. It operates through two segments: European based operations and United States based operations. The European Operations segment produces and distributes its fragrance products under license agreements with brand owners.
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