Inter Parfums, Inc. (IPAR) Declares Quarterly Dividend of $0.17

Inter Parfums, Inc. (NASDAQ:IPAR) announced a quarterly dividend on Tuesday, August 8th, Wall Street Journal reports. Shareholders of record on Friday, September 29th will be paid a dividend of 0.17 per share on Friday, October 13th. This represents a $0.68 annualized dividend and a yield of 1.80%. The ex-dividend date of this dividend is Thursday, September 28th.

Shares of Inter Parfums (NASDAQ:IPAR) traded down 0.13% during midday trading on Friday, reaching $37.75. 251,888 shares of the company’s stock traded hands. The stock has a market capitalization of $1.18 billion, a P/E ratio of 29.26 and a beta of 1.77. The firm’s 50-day moving average price is $37.63 and its 200 day moving average price is $36.23. Inter Parfums has a 1-year low of $29.40 and a 1-year high of $41.70.

Inter Parfums (NASDAQ:IPAR) last posted its 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. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The firm had revenue of $129.10 million during the quarter, compared to the consensus estimate of $122.57 million. During the same period last year, the firm posted $0.19 EPS. The firm’s revenue for the quarter was up 10.2% on a year-over-year basis. On average, equities analysts predict that Inter Parfums will post $1.28 earnings per share for the current fiscal year.

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Several research firms have weighed in on IPAR. Citigroup Inc. restated a “buy” rating and set a $45.00 target price (up from $42.00) on shares of Inter Parfums in a report on Thursday, August 10th. DA Davidson restated a “buy” rating and set a $45.00 target price (up from $44.00) on shares of Inter Parfums in a report on Thursday, August 10th. BidaskClub upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating in a report on Monday, July 24th. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “strong-buy” rating and set a $43.00 target price for the company in a report on Thursday, July 20th. Finally, Jefferies Group LLC assumed coverage on shares of Inter Parfums in a report on Friday, June 2nd. They set a “hold” rating and a $35.00 price target for the company. One analyst has rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $42.00.

In other news, CFO Russell Greenberg sold 2,500 shares of Inter Parfums stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $39.10, for a total transaction of $97,750.00. Following the completion of the sale, the chief financial officer now directly owns 5,500 shares in the company, valued at $215,050. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 45.40% of the company’s stock.

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.

Dividend History for Inter Parfums (NASDAQ:IPAR)

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