News articles about Inter Parfums (NASDAQ:IPAR) have been trending somewhat positive on Monday, Accern Sentiment Analysis reports. The research group ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Inter Parfums earned a coverage optimism score of 0.09 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.7398805052725 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several analysts have issued reports on IPAR shares. KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the stock a “buy” rating in a research report on Monday, October 16th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Friday, September 1st. DA Davidson reiterated a “buy” rating and issued a $45.00 price objective (up from $44.00) on shares of Inter Parfums in a report on Thursday, August 10th. BidaskClub upgraded shares of Inter Parfums from a “buy” rating to a “strong-buy” rating in a report on Saturday, August 26th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a $45.00 price objective (up from $42.00) on shares of Inter Parfums in a report on Thursday, August 10th. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $44.00.
Inter Parfums (IPAR) opened at $43.20 on Monday. Inter Parfums has a fifty-two week low of $31.45 and a fifty-two week high of $46.80. The company has a market cap of $1,347.28, a price-to-earnings ratio of 31.76, a price-to-earnings-growth ratio of 2.73 and a beta of 1.80. 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 (NASDAQ:IPAR) last released 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. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The firm had revenue of $169.50 million for the quarter, compared to the consensus estimate of $160.52 million. During the same period in the previous year, the company earned $0.52 earnings per share. The company’s quarterly revenue was up 7.6% on a year-over-year basis. equities research analysts predict that Inter Parfums will post 1.29 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 annualized dividend and a dividend yield of 1.94%. Inter Parfums’s dividend payout ratio is 51.13%.
In related news, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $39.60, for a total transaction 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 $217,800. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction dated Thursday, October 12th. The stock was 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. Insiders sold 9,250 shares of company stock worth $382,733 over the last 90 days. 45.40% of the stock is currently owned by corporate insiders.
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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