Inter Parfums (IPAR) Receiving Somewhat Positive News Coverage, Report Shows

Media coverage about Inter Parfums (NASDAQ:IPAR) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inter Parfums earned a coverage optimism score of 0.13 on Accern’s scale. Accern also gave news headlines about the company an impact score of 83 out of 100, indicating that recent news coverage is very likely to have an impact on the stock’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s analysis:

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

Several research analysts have weighed in on IPAR shares. Zacks Investment Research upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Tuesday, February 28th. B. Riley upped their price objective on shares of Inter Parfums from $40.00 to $42.00 and gave the company a “buy” rating in a research note on Wednesday, March 15th. DA Davidson reiterated a “buy” rating and issued a $44.00 price objective on shares of Inter Parfums in a research note on Monday, May 8th. Jefferies Group LLC started coverage on shares of Inter Parfums in a research note on Friday, June 2nd. They issued a “hold” rating and a $35.00 price objective on the stock. Finally, BidaskClub upgraded shares of Inter Parfums from a “sell” rating to a “hold” rating in a research note on Thursday, June 15th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $38.88.

Inter Parfums (IPAR) traded down 0.14% during mid-day trading on Tuesday, reaching $36.05. 71,373 shares of the company’s stock traded hands. Inter Parfums has a 1-year low of $27.05 and a 1-year high of $41.70. The firm has a 50-day moving average price of $35.92 and a 200-day moving average price of $35.04. The stock has a market cap of $1.12 billion, a P/E ratio of 28.61 and a beta of 1.79.

Inter Parfums (NASDAQ:IPAR) last posted its quarterly earnings data on Tuesday, May 9th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ 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 company had revenue of $143.10 million for the quarter, compared to the consensus estimate of $120.05 million. During the same period last year, the company earned $0.24 earnings per share. The firm’s revenue was up 28.3% compared to the same quarter last year. Equities research analysts anticipate that Inter Parfums will post $1.25 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be issued a $0.17 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.89%. Inter Parfums’s dividend payout ratio (DPR) is presently 53.54%.

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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.

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