Inter Parfums, Inc. (IPAR) To Go Ex-Dividend on March 14th

Inter Parfums, Inc. (NASDAQ:IPAR) declared a quarterly dividend on Wednesday, February 26th, Wall Street Journal reports. Stockholders of record on Friday, March 14th will be given a dividend of 0.80 per share on Friday, March 28th. This represents a $3.20 dividend on an annualized basis and a dividend yield of 2.28%. The ex-dividend date of this dividend is Friday, March 14th. This is a positive change from Inter Parfums’s previous quarterly dividend of $0.75.

Inter Parfums has increased its dividend payment by an average of 44.2% annually over the last three years. Inter Parfums has a dividend payout ratio of 51.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Inter Parfums to earn $5.33 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 56.3%.

Inter Parfums Price Performance

IPAR stock opened at $140.29 on Friday. The stock has a 50-day moving average price of $135.47 and a two-hundred day moving average price of $129.52. The company has a current ratio of 2.82, a quick ratio of 1.60 and a debt-to-equity ratio of 0.14. Inter Parfums has a 12-month low of $108.39 and a 12-month high of $152.33. The company has a market cap of $4.49 billion, a PE ratio of 30.11 and a beta of 1.20.

Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, February 25th. The company reported $0.82 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.05). Inter Parfums had a net margin of 10.60% and a return on equity of 16.34%. The firm had revenue of $361.50 million for the quarter, compared to analyst estimates of $361.56 million. As a group, research analysts predict that Inter Parfums will post 5.14 EPS for the current year.

Analysts Set New Price Targets

IPAR has been the subject of a number of analyst reports. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, January 27th. Piper Sandler boosted their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a report on Wednesday, December 4th. Canaccord Genuity Group lifted their price objective on Inter Parfums from $158.00 to $168.00 and gave the company a “buy” rating in a research report on Thursday. Finally, DA Davidson boosted their target price on Inter Parfums from $163.00 to $170.00 and gave the company a “buy” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, Inter Parfums has an average rating of “Moderate Buy” and a consensus target price of $162.80.

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.