Somewhat Positive Media Coverage Somewhat Unlikely to Affect Inter Parfums (IPAR) Stock Price

News articles about Inter Parfums (NASDAQ:IPAR) have been trending somewhat positive recently, Accern reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Inter Parfums earned a daily sentiment score of 0.02 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 42.3314455644176 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

A number of equities analysts have commented on IPAR shares. Zacks Investment Research cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Sidoti cut shares of Inter Parfums from a “buy” rating to a “neutral” rating in a research note on Thursday, November 2nd. DA Davidson cut their price target on shares of Inter Parfums from $49.00 to $46.00 and set a “neutral” rating for the company in a research note on Wednesday, November 15th. BidaskClub cut shares of Inter Parfums from a “buy” rating to a “hold” rating in a research note on Friday, December 29th. Finally, KeyCorp set a $44.00 price target on shares of Inter Parfums and gave the stock a “buy” rating in a research note on Monday, October 16th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Inter Parfums presently has a consensus rating of “Hold” and an average target price of $45.17.

Inter Parfums (NASDAQ:IPAR) opened at $43.70 on Wednesday. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07. Inter Parfums has a 12 month low of $31.45 and a 12 month high of $46.80. The company has a market cap of $1,359.74, a P/E ratio of 32.86, a price-to-earnings-growth ratio of 2.53 and a beta of 1.77.

Inter Parfums (NASDAQ:IPAR) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.05. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. The company had revenue of $169.50 million during the quarter, compared to analysts’ expectations of $160.52 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue was up 7.6% on a year-over-year basis. sell-side analysts expect that Inter Parfums will post 1.29 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.21 dividend. This is a boost from Inter Parfums’s previous quarterly dividend of $0.17. The ex-dividend date is Thursday, December 28th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.92%. Inter Parfums’s dividend payout ratio is 63.16%.

In other news, CFO Philippe Santi sold 600 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $43.86, for a total value of $26,316.00. Following the completion of the sale, the chief financial officer now owns 600 shares of the company’s stock, valued at approximately $26,316. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The disclosure for this sale can be found here. Insiders sold a total of 38,000 shares of company stock valued at $1,664,206 in the last ninety days. 45.40% of the stock is owned by corporate insiders.

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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.

Insider Buying and Selling by Quarter for Inter Parfums (NASDAQ:IPAR)

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