Interparfums, Inc. (NASDAQ:IPAR) Shares to Pay Quarterly Dividend of $0.80

Interparfums, Inc. (NASDAQ:IPAR) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 15th will be given a dividend of $0.80 per share on Thursday, December 31st. This represents a $3.20 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 15th.

Interparfums has raised its dividend by an average of 0.6% per year over the last three years and has raised its dividend every year for the last 4 years. Interparfums has a payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Interparfums to earn $4.85 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 66.0%.

Interparfums Trading Up 5.5%

NASDAQ:IPAR opened at $123.57 on Thursday. The company has a 50-day moving average price of $114.72 and a 200-day moving average price of $104.97. The company has a current ratio of 3.31, a quick ratio of 2.00 and a debt-to-equity ratio of 0.09. The stock has a market cap of $3.96 billion, a price-to-earnings ratio of 23.63 and a beta of 1.08. Interparfums has a 12 month low of $77.21 and a 12 month high of $129.29.

Interparfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 4th. The company reported $2.13 EPS for the quarter, beating the consensus estimate of $1.81 by $0.32. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The company had revenue of $429.51 million for the quarter, compared to the consensus estimate of $430.00 million. During the same period in the prior year, the firm posted $2.05 EPS. Interparfums’s revenue for the quarter was down .1% on a year-over-year basis. Equities analysts predict that Interparfums will post 4.85 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on IPAR. Zacks Research raised Interparfums from a “strong sell” rating to a “hold” rating in a report on Monday, October 26th. The Goldman Sachs Group lowered shares of Interparfums from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $110.00 to $129.00 in a research report on Monday, August 10th. BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target on the stock. in a research note on Monday, August 17th. TD Cowen downgraded Interparfums from a “buy” rating to a “hold” rating and lifted their price objective for the company from $110.00 to $120.00 in a report on Monday, August 10th. Finally, Jefferies Financial Group lifted their price target on Interparfums from $115.00 to $145.00 and gave the company a “buy” rating in a report on Tuesday, July 28th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $123.29.

Interparfums Company Profile

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.