Inter Parfums, Inc. (IPAR) Plans $0.21 Quarterly Dividend

Inter Parfums, Inc. (NASDAQ:IPAR) declared a quarterly dividend on Wednesday, March 14th, Wall Street Journal reports. Investors of record on Friday, March 30th will be given a dividend of 0.21 per share on Friday, April 13th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, March 28th.

Inter Parfums (IPAR) traded up $0.50 during midday trading on Wednesday, hitting $47.50. The company had a trading volume of 187,924 shares, compared to its average volume of 122,681. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.54 and a current ratio of 3.39. Inter Parfums has a 52-week low of $34.05 and a 52-week high of $48.97. The stock has a market capitalization of $1,489.17, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.72 and a beta of 1.70.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. Inter Parfums had a return on equity of 8.06% and a net margin of 7.13%. The firm had revenue of $149.50 million for the quarter, compared to analyst estimates of $147.98 million. During the same quarter last year, the company posted $0.13 earnings per share. The business’s revenue was up 10.9% on a year-over-year basis. equities analysts forecast that Inter Parfums will post 1.3 EPS for the current year.

In other news, insider Pelayo Frederic Garcia sold 1,200 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $45.10, for a total transaction of $54,120.00. Following the sale, the insider now owns 1,200 shares of the company’s stock, valued at approximately $54,120. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Philippe Santi sold 600 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $43.86, for a total value of $26,316.00. Following the sale, the chief financial officer now directly owns 600 shares in the company, valued at approximately $26,316. The disclosure for this sale can be found here. Insiders have sold a total of 17,395 shares of company stock worth $814,382 in the last three months. Corporate insiders own 45.40% of the company’s stock.

IPAR has been the topic of a number of analyst reports. Zacks Investment Research raised Inter Parfums from a “sell” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Tuesday, January 16th. DA Davidson lowered their price objective on Inter Parfums from $49.00 to $46.00 and set a “neutral” rating on the stock in a report on Wednesday, November 15th. Citigroup set a $52.00 price objective on Inter Parfums and gave the company a “buy” rating in a report on Wednesday, January 3rd. BidaskClub lowered Inter Parfums from a “buy” rating to a “hold” rating in a report on Friday, December 29th. Finally, KeyCorp lowered Inter Parfums from an “overweight” rating to a “sector weight” rating in a report on Monday, January 22nd. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.86.

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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.

Dividend History for Inter Parfums (NASDAQ:IPAR)

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