Interparfums, Inc. (NASDAQ:IPAR) Shares to Pay Quarterly Dividend of $0.80

Key Points

• Interparfums declared a $0.80 quarterly dividend, payable December 31 to shareholders of record December 15. That equals $3.20 annualized and a 2.6% yield.
• The dividend has risen for four consecutive years and is currently covered by earnings, with a 55% payout ratio; analysts project next-year earnings of $4.85 per share.
• Quarterly EPS of $2.13 beat the $1.81 consensus, while revenue of $429.51 million was slightly below expectations. Analysts’ consensus rating is Hold, with a $123.29 average price target.

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) announced a quarterly dividend on Wednesday, November 4th. Investors of record on Tuesday, December 15th will be paid 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 dividend payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Stock Up 5.5%

Shares of NASDAQ IPAR opened at $123.57 on Thursday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.00 and a current ratio of 3.31. Interparfums has a 52 week low of $77.21 and a 52 week high of $129.29. The stock has a market capitalization of $3.96 billion, a P/E ratio of 22.39 and a beta of 1.08. The stock's fifty day moving average is $114.72 and its 200 day moving average is $104.97.

Interparfums (NASDAQ:IPAR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $2.13 earnings per share for the quarter, topping the consensus estimate of $1.81 by $0.32. The business had revenue of $429.51 million during the quarter, compared to analysts' expectations of $430.00 million. Interparfums had a net margin of 11.17% and a return on equity of 15.21%. Interparfums's revenue was down .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.05 earnings per share. Sell-side analysts forecast that Interparfums will post 4.85 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Jefferies Financial Group upped their target price on Interparfums from $115.00 to $145.00 and gave the stock a "buy" rating in a research note on Tuesday, July 28th. TD Cowen cut Interparfums from a "buy" rating to a "hold" rating and boosted their price target for the stock from $110.00 to $120.00 in a report on Monday, August 10th. Berenberg Bank cut Interparfums from a "buy" rating to a "hold" rating and set a $130.00 price target for the company. in a report on Friday, August 14th. Zacks Research upgraded Interparfums from a "strong sell" rating to a "hold" rating in a research report on Monday, October 26th. Finally, BWS Financial lowered Interparfums from a "neutral" rating to a "sell" rating and set a $85.00 price objective on the stock. in a research note on Monday, August 17th. Two 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 data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $123.29.

About Interparfums

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.

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