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

Inter Parfums, Inc. (NASDAQ:IPAR - Get Free Report) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders 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 annualized dividend and a dividend yield of 2.34%. The ex-dividend date is Monday, December 16th.

Inter Parfums has increased its dividend by an average of 96.4% annually over the last three years. Inter Parfums has a payout ratio of 50.8% indicating that its dividend is sufficiently covered by earnings. Research 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 Stock Up 1.9 %

Shares of NASDAQ IPAR traded up $2.35 during mid-day trading on Friday, hitting $128.23. The company had a trading volume of 206,241 shares, compared to its average volume of 144,653. The company has a market capitalization of $4.11 billion, a PE ratio of 26.83 and a beta of 1.16. The company has a debt-to-equity ratio of 0.12, a current ratio of 2.58 and a quick ratio of 1.27. Inter Parfums has a 1-year low of $108.39 and a 1-year high of $156.75. The business's 50-day simple moving average is $122.33 and its 200 day simple moving average is $122.44.

Inter Parfums (NASDAQ:IPAR - Get Free Report) last announced its quarterly earnings data on Wednesday, November 6th. The company reported $1.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.83 by $0.10. The business had revenue of $425.00 million for the quarter, compared to analysts' expectations of $425.00 million. Inter Parfums had a return on equity of 15.82% and a net margin of 10.38%. The company's revenue for the quarter was up 15.5% compared to the same quarter last year. During the same period last year, the firm earned $1.66 earnings per share. On average, analysts predict that Inter Parfums will post 5.17 earnings per share for the current year.

Insiders Place Their Bets

In other Inter Parfums news, Director Veronique Gabai-Pinsky sold 1,500 shares of the firm'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 SEC, which is accessible through this hyperlink. Corporate insiders own 43.90% of the company's stock.

Analyst Ratings Changes

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