News coverage about Inter Parfums (NASDAQ:IPAR) has been trending somewhat positive recently, according to AlphaOne Sentiment Analysis. AlphaOne, a subsidiary of Accern, identifies positive and negative press coverage by reviewing more than 20 million blog and news sources. AlphaOne ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Inter Parfums earned a daily sentiment score of 0.06 on AlphaOne’s scale. AlphaOne also gave news stories about the company an impact score of 58 out of 100, meaning that recent press coverage is somewhat likely to have an impact on the company’s share price in the near term.
Inter Parfums (IPAR) traded down 0.55% during trading on Friday, reaching $36.05. The company’s stock had a trading volume of 150,391 shares. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 28.61 and a beta of 1.79. Inter Parfums has a 52-week low of $27.05 and a 52-week high of $41.70. The stock’s 50-day moving average is $35.97 and its 200 day moving average is $35.01.
Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.37 by $0.06. Inter Parfums had a return on equity of 8.10% and a net margin of 7.12%. The company had revenue of $143.10 million during the quarter, compared to the consensus estimate of $120.05 million. During the same period last year, the business earned $0.24 EPS. The business’s quarterly revenue was up 28.3% on a year-over-year basis. On average, analysts predict that Inter Parfums will post $1.25 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Wednesday, June 28th. Inter Parfums’s dividend payout ratio (DPR) is presently 53.54%.
A number of analysts have recently issued reports on IPAR shares. DA Davidson reiterated a “buy” rating and set a $44.00 target price on shares of Inter Parfums in a report on Monday, May 8th. Zacks Investment Research upgraded Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a report on Monday, May 1st. B. Riley boosted their target price on Inter Parfums from $40.00 to $42.00 and gave the stock a “buy” rating in a report on Wednesday, March 15th. BidaskClub upgraded Inter Parfums from a “sell” rating to a “hold” rating in a report on Thursday. Finally, Jefferies Group LLC started coverage on Inter Parfums in a report on Friday, June 2nd. They set a “hold” rating and a $35.00 target price for the company. Three analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Inter Parfums has a consensus rating of “Buy” and an average price target of $38.88.
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In other news, CFO Russell Greenberg sold 15,000 shares of the stock in a transaction dated Tuesday, March 21st. The stock was sold at an average price of $37.75, for a total transaction of $566,250.00. Following the transaction, the chief financial officer now owns 8,000 shares of the company’s stock, valued at approximately $302,000. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 45.50% of the stock is owned by company insiders.
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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