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.
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.
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