Inter Parfums, Inc. (IPAR) Given Consensus Rating of “Buy” by Brokerages
Shares of Inter Parfums, Inc. (NASDAQ:IPAR) have received an average recommendation of “Buy” from the eight analysts that are presently covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $45.17.
A number of analysts have issued reports on the company. Zacks Investment Research downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. KeyCorp set a $44.00 target price on Inter Parfums and gave the stock a “buy” rating in a research report on Monday, October 16th. DA Davidson downgraded Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 target price for the company. in a research report on Thursday, October 26th. Sidoti downgraded Inter Parfums from a “buy” rating to a “neutral” rating in a research report on Thursday, November 2nd. Finally, BidaskClub downgraded Inter Parfums from a “buy” rating to a “hold” rating in a research report on Friday, December 29th.
In other news, CFO Russell Greenberg sold 3,000 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $45.00, for a total value of $135,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Pelayo Frederic Garcia sold 1,200 shares of Inter Parfums stock in a transaction on Friday, December 15th. The shares were sold at an average price of $45.10, for a total value of $54,120.00. Following the sale, the insider now directly owns 1,200 shares of the company’s stock, valued at approximately $54,120. The disclosure for this sale can be found here. Insiders sold 38,000 shares of company stock valued at $1,664,206 over the last ninety days. Corporate insiders own 45.40% of the company’s stock.
Shares of Inter Parfums (NASDAQ:IPAR) opened at $43.15 on Friday. The company has a current ratio of 3.39, a quick ratio of 2.54 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $1,361.30, a P/E ratio of 32.44, a P/E/G ratio of 2.54 and a beta of 1.77. Inter Parfums has a 52-week low of $31.45 and a 52-week high of $46.80.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings results on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. The company had revenue of $169.50 million during the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. Inter Parfums’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.52 earnings per share. research analysts anticipate that Inter Parfums will post 1.29 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be issued a $0.21 dividend. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.95%. The ex-dividend date is Thursday, December 28th. Inter Parfums’s dividend payout ratio (DPR) is presently 63.16%.
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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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