Inter Parfums, Inc. (NASDAQ:IPAR) to Issue Quarterly Dividend of $0.75

Inter Parfums, Inc. (NASDAQ:IPAR) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.75 per share on Tuesday, December 31st. This represents a $3.00 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend is Monday, December 16th.

Inter Parfums has increased its dividend payment by an average of 96.4% annually over the last three years. Inter Parfums has a payout ratio of 50.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Inter Parfums to earn $5.86 per share next year, which means the company should continue to be able to cover its $3.00 annual dividend with an expected future payout ratio of 51.2%.

Inter Parfums Price Performance

Shares of NASDAQ:IPAR traded up $1.80 on Friday, hitting $127.68. The company had a trading volume of 47,231 shares, compared to its average volume of 143,919. The company has a current ratio of 2.58, a quick ratio of 1.27 and a debt-to-equity ratio of 0.12. The company has a market cap of $4.09 billion, a PE ratio of 27.02 and a beta of 1.16. Inter Parfums has a 52-week low of $108.39 and a 52-week high of $156.75. The business has a 50 day moving average of $122.33 and a 200 day moving average of $122.44.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.83 by $0.10. The company had revenue of $425.00 million for the quarter, compared to analysts’ expectations of $425.00 million. Inter Parfums had a net margin of 10.38% and a return on equity of 15.82%. The firm’s revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the company earned $1.66 EPS. As a group, equities analysts anticipate that Inter Parfums will post 5.17 earnings per share for the current fiscal year.

Insider Activity at Inter Parfums

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $125.96, for a total transaction of $188,940.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 43.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research firms have commented on IPAR. DA Davidson reaffirmed a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research note on Tuesday, October 22nd. Jefferies Financial Group raised Inter Parfums from a “hold” rating to a “buy” rating and set a $140.00 price objective for the company in a research report on Friday, July 12th. BWS Financial reiterated a “buy” rating and set a $172.00 target price on shares of Inter Parfums in a research report on Wednesday, October 23rd. Piper Sandler restated an “overweight” rating and issued a $151.00 price target (up previously from $150.00) on shares of Inter Parfums in a report on Tuesday, July 23rd. Finally, StockNews.com upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Wednesday, August 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $156.50.

Inter Parfums Company Profile

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.