Inter Parfums (IPAR) Earns Daily News Impact Score of 0.12
News headlines about Inter Parfums (NASDAQ:IPAR) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inter Parfums earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news stories about the company an impact score of 45.4927770742656 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
Shares of Inter Parfums (NASDAQ IPAR) traded down 0.13% on Monday, hitting $39.80. The company had a trading volume of 45,384 shares. The company has a market cap of $1.24 billion, a price-to-earnings ratio of 30.85 and a beta of 1.77. Inter Parfums has a 12-month low of $29.40 and a 12-month high of $41.70. The company has a 50 day moving average of $38.71 and a 200-day moving average of $36.69.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The business had revenue of $129.10 million for the quarter, compared to analysts’ expectations of $122.57 million. During the same period in the previous year, the company posted $0.19 EPS. Inter Parfums’s revenue was up 10.2% on a year-over-year basis. On average, analysts forecast that Inter Parfums will post $1.28 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 1.71%. The ex-dividend date is Thursday, September 28th. Inter Parfums’s dividend payout ratio is currently 52.31%.
A number of brokerages have weighed in on IPAR. Zacks Investment Research raised Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Friday, September 1st. DA Davidson reissued a “buy” rating and set a $45.00 price target (up previously from $44.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Citigroup Inc. reissued a “buy” rating and set a $45.00 price target (up previously from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Finally, BidaskClub raised Inter Parfums from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Inter Parfums currently has a consensus rating of “Buy” and an average target price of $42.20.
In related news, CFO Russell Greenberg sold 2,500 shares of Inter Parfums stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $39.60, for a total value of $99,000.00. Following the completion of the sale, the chief financial officer now owns 5,500 shares of the company’s stock, valued at approximately $217,800. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 45.40% of the company’s stock.
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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