Inter Parfums, Inc. (IPAR) to Issue Quarterly Dividend of $0.75 on December 31st

Inter Parfums, Inc. (NASDAQ:IPAR) declared a quarterly dividend on Friday, February 9th,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 annualized dividend and a yield of 2.19%. The ex-dividend date is Monday, December 16th.

Inter Parfums has raised its dividend payment by an average of 96.4% per year over the last three years. Inter Parfums has a dividend payout ratio of 56.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Inter Parfums to earn $5.35 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 56.1%.

Inter Parfums Trading Down 0.5 %

NASDAQ:IPAR opened at $136.84 on Friday. Inter Parfums has a 52 week low of $108.39 and a 52 week high of $156.75. The stock has a market cap of $4.38 billion, a price-to-earnings ratio of 29.36 and a beta of 1.20. The company’s 50 day moving average price is $128.28 and its 200-day moving average price is $124.70. The company has a quick ratio of 1.60, a current ratio of 2.82 and a debt-to-equity ratio of 0.14.

Inter Parfums (NASDAQ:IPAR) last posted its earnings results on Wednesday, November 6th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.83 by $0.10. Inter Parfums had a return on equity of 16.34% and a net margin of 10.60%. The business had revenue of $425.00 million during the quarter, compared to analyst estimates of $425.00 million. During the same quarter last year, the company earned $1.66 EPS. The company’s quarterly revenue was up 15.5% compared to the same quarter last year. On average, equities research analysts forecast that Inter Parfums will post 5.15 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on IPAR. BWS Financial restated a “buy” rating and set a $172.00 price objective on shares of Inter Parfums in a research report on Monday, November 11th. DA Davidson reissued a “buy” rating and issued a $163.00 target price on shares of Inter Parfums in a research report on Tuesday, December 3rd. Finally, Piper Sandler upped their price target on shares of Inter Parfums from $155.00 to $164.00 and gave the company an “overweight” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $159.75.

Insider Activity at Inter Parfums

In other Inter Parfums news, COO Pelayo Frederic Garcia sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $133.04, for a total value of $532,160.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 43.90% of the stock is owned by company insiders.

About Inter Parfums

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.