News stories about Inter Parfums (NASDAQ:IPAR) have been trending somewhat positive recently, Alpha One Sentiment Analysis reports. The research firm, a division of Accern, rates the sentiment of news coverage by reviewing more than twenty million blog and news sources. Alpha One ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Inter Parfums earned a daily sentiment score of 0.06 on Alpha One’s scale. Alpha One also gave media stories about the company an impact score of 58 out of 100, indicating that recent news coverage is somewhat likely to have an effect on the stock’s share price in the near term.
A number of equities research analysts have recently commented on IPAR shares. Zacks Investment Research upgraded shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Monday, May 1st. DA Davidson reiterated a “buy” rating and issued a $44.00 target price on shares of Inter Parfums in a research report on Monday, May 8th. Jefferies Group LLC started coverage on shares of Inter Parfums in a research report on Friday, June 2nd. They issued a “hold” rating and a $35.00 target price for the company. B. Riley increased their target price on shares of Inter Parfums from $40.00 to $42.00 and gave the company a “buy” rating in a research report on Wednesday, March 15th. Finally, BidaskClub raised shares of Inter Parfums from a “sell” rating to a “hold” rating in a report on Thursday. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $38.88.
Shares of Inter Parfums (IPAR) traded down 0.55% during midday trading on Friday, hitting $36.05. 150,391 shares of the company were exchanged. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 28.61 and a beta of 1.79. The company has a 50-day moving average price of $35.97 and a 200-day moving average price of $35.01. Inter Parfums has a 52-week low of $27.05 and a 52-week high of $41.70.
Inter Parfums (NASDAQ:IPAR) last announced its earnings results on Tuesday, May 9th. The company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.06. Inter Parfums had a net margin of 7.12% and a return on equity of 8.10%. The firm had revenue of $143.10 million during the quarter, compared to the consensus estimate of $120.05 million. During the same quarter in the previous year, the company posted $0.24 EPS. The firm’s revenue for the quarter was up 28.3% on a year-over-year basis. On average, analysts forecast that Inter Parfums will post $1.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.89%. The ex-dividend date of this dividend is Wednesday, June 28th. Inter Parfums’s payout ratio is 53.54%.
In related news, CFO Russell Greenberg sold 15,000 shares of the business’s stock in a transaction dated Tuesday, March 21st. The shares were sold at an average price of $37.75, for a total value of $566,250.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 45.50% of the company’s stock.
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Inter Parfums Company Profile
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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