Interparfums, Inc. (NASDAQ:IPAR) Announces Quarterly Dividend of $0.80

Interparfums, Inc. (NASDAQ:IPAR) declared a quarterly dividend on Wednesday, November 4th. Stockholders of record on Tuesday, December 15th will be given a dividend of $0.80 per share on Thursday, December 31st. This represents a $3.20 annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, December 15th.

Interparfums has increased its dividend payment by an average of 0.6% annually over the last three years and has increased its dividend every year for the last 4 years. Interparfums has a payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Interparfums to earn $4.85 per share next year, which means the company should continue to be able to cover its $3.20 annual dividend with an expected future payout ratio of 66.0%.

Interparfums Price Performance

IPAR opened at $123.57 on Thursday. Interparfums has a 52-week low of $77.21 and a 52-week high of $129.29. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31. The company’s 50-day simple moving average is $114.72 and its two-hundred day simple moving average is $104.97. The stock has a market capitalization of $3.96 billion, a P/E ratio of 22.39 and a beta of 1.08.

Interparfums (NASDAQ:IPAR) last announced its earnings results on Wednesday, November 4th. The company reported $2.13 earnings per share for the quarter, beating analysts’ consensus estimates of $1.81 by $0.32. The business had revenue of $429.51 million during the quarter, compared to analyst estimates of $430.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. The company’s quarterly revenue was down .1% compared to the same quarter last year. During the same period in the previous year, the business earned $2.05 EPS. As a group, analysts predict that Interparfums will post 4.85 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have recently weighed in on IPAR. Canaccord Genuity Group increased their target price on shares of Interparfums from $141.00 to $151.00 and gave the company a “buy” rating in a research note on Thursday, July 30th. Weiss Ratings restated a “hold (c)” rating on shares of Interparfums in a report on Friday, October 2nd. Zacks Research raised shares of Interparfums from a “strong sell” rating to a “hold” rating in a research note on Monday, October 26th. BWS Financial downgraded shares of Interparfums from a “neutral” rating to a “sell” rating and set a $85.00 price target on the stock. in a report on Monday, August 17th. Finally, Jefferies Financial Group increased their price objective on shares of Interparfums from $115.00 to $145.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $123.29.

Interparfums Company Profile

Interparfums, Inc (NASDAQ: IPAR) develops, manufactures and distributes prestige fragrances and related beauty products. The company operates primarily through licensing agreements with fashion, luxury and lifestyle brands, creating perfumes, colognes, body products and other fragrance-related offerings for men and women.

Its portfolio has included internationally recognized names such as Montblanc, Jimmy Choo, Coach, Kate Spade New York, Rochas, Boucheron, Van Cleef & Arpels, Oscar de la Renta and Karl Lagerfeld, although brand relationships and licensing arrangements may change over time.