Inter Parfums, Inc. (IPAR) Given Average Recommendation of “Buy” by Analysts
Inter Parfums, Inc. (NASDAQ:IPAR) has received an average recommendation of “Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $44.00.
A number of research firms have recently weighed in on IPAR. Sidoti downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. DA Davidson downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a report on Thursday, October 26th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a report on Thursday, October 26th. KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the stock a “buy” rating in a report on Monday, October 16th. Finally, BidaskClub raised shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th.
In other Inter Parfums news, Director Patrick Choel sold 750 shares of the business’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $41.59, for a total value of $31,192.50. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Torres Robert Bensoussan sold 6,000 shares of the business’s stock in a transaction dated Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. 45.40% of the stock is owned by company insiders.
Shares of Inter Parfums (NASDAQ:IPAR) opened at $44.15 on Monday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.39 and a quick ratio of 2.54. Inter Parfums has a fifty-two week low of $31.45 and a fifty-two week high of $46.80. The firm has a market cap of $1,376.90, a PE ratio of 32.46, a P/E/G ratio of 2.79 and a beta of 1.77.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.05. The firm had revenue of $169.50 million during the quarter, compared to analyst estimates of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.52 EPS. analysts expect that Inter Parfums will post 1.29 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date is Thursday, December 28th. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. Inter Parfums’s dividend payout ratio (DPR) is presently 51.13%.
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About Inter Parfums
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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