Inter Parfums, Inc. Announces Quarterly Dividend of $0.12 (IPAR)
Inter Parfums (NASDAQ:IPAR) announced a quarterly dividend on Monday, August 11th, American Banking and Market News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.12 per share on Wednesday, October 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.77%.
IPAR has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Inter Parfums from a “neutral” rating to an “underperform” rating in a research note on Thursday. They now have a $25.50 price target on the stock. On a related note, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of Inter Parfums in a research note on Friday, July 25th. They now have a $32.00 price target on the stock, down previously from $36.00. Finally, analysts at B. Riley cut their price target on shares of Inter Parfums from $40.00 to $35.00 in a research note on Friday, July 25th. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $32.13.
Inter Parfums (NASDAQ:IPAR) traded up 2.58% on Monday, hitting $27.84. 117,575 shares of the company’s stock traded hands. Inter Parfums has a 52-week low of $25.62 and a 52-week high of $38.94. The stock’s 50-day moving average is $28.10 and its 200-day moving average is $31.62. The company has a market cap of $861.1 million and a P/E ratio of 51.02.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Monday, August 11th. The company reported $0.20 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.22 by $0.02. The company had revenue of $118.20 million for the quarter, compared to the consensus estimate of $118.23 million. On average, analysts predict that Inter Parfums will post $0.99 earnings per share for the current fiscal year.
Inter Parfums, Inc operates in the fragrance business, and manufactures, markets and distributes an array of fragrances and fragrance related products.
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