Inter Parfums, Inc. Announces Quarterly Dividend of $0.17 (NASDAQ:IPAR)
Inter Parfums, Inc. (NASDAQ:IPAR) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.17 per share on Friday, October 13th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Thursday, September 28th.
Inter Parfums (NASDAQ IPAR) traded up 1.56% during mid-day trading on Tuesday, hitting $39.05. 147,957 shares of the stock were exchanged. Inter Parfums has a 52 week low of $29.40 and a 52 week high of $41.70. The stock’s 50-day moving average is $36.79 and its 200 day moving average is $35.72. The company has a market capitalization of $1.22 billion, a PE ratio of 30.99 and a beta of 1.77.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Monday, August 7th. The company reported $0.22 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.02. The company had revenue of $129.10 million during the quarter, compared to analyst estimates of $122.57 million. Inter Parfums had a net margin of 7.12% and a return on equity of 8.10%. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 earnings per share. On average, analysts anticipate that Inter Parfums will post $1.27 EPS for the current year.
A number of equities analysts have weighed in on the stock. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a research report on Monday, July 24th. DA Davidson reiterated a “buy” rating and set a $44.00 target price on shares of Inter Parfums in a research report on Monday, May 8th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, May 1st. Finally, Jefferies Group LLC assumed coverage on shares of Inter Parfums in a research report on Friday, June 2nd. They set a “hold” rating and a $35.00 target price for the company. Two analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $39.57.
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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