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

Key Points

• Interparfums, Inc. announced a quarterly dividend of $0.80 per share, with a dividend yield of 2.7%, set to be paid on September 30th to investors of record by September 15th.
• The company's recent earnings report showed a missed EPS estimate of $0.99 compared to the $1.10 consensus and a revenue decline of 2.3% year-over-year.
• Equities analysts maintain a "Moderate Buy" rating on Interparfums with an average target price of $162.00, indicating expectations for future growth despite recent challenges.

Interparfums, Inc. (NASDAQ:IPAR - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, Wall Street Journal reports. Stockholders of record on Monday, September 15th will be paid a dividend of 0.80 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date of this dividend is Monday, September 15th.

Interparfums has a dividend payout ratio of 55.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Interparfums to earn $5.33 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 60.0%.

Interparfums Stock Down 1.1%

Shares of Interparfums stock traded down $1.29 during trading on Friday, reaching $115.82. The stock had a trading volume of 180,894 shares, compared to its average volume of 245,510. The company has a market capitalization of $3.72 billion, a price-to-earnings ratio of 23.21 and a beta of 1.43. The stock has a fifty day moving average price of $131.48 and a two-hundred day moving average price of $126.55. Interparfums has a 52 week low of $97.65 and a 52 week high of $148.15. The company has a current ratio of 2.96, a quick ratio of 1.69 and a debt-to-equity ratio of 0.14.

Interparfums (NASDAQ:IPAR - Get Free Report) last issued its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing analysts' consensus estimates of $1.10 by ($0.11). The firm had revenue of $333.94 million during the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a net margin of 11.03% and a return on equity of 16.45%. The business's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.14 earnings per share. Sell-side analysts predict that Interparfums will post 5.14 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently commented on IPAR. BWS Financial restated a "buy" rating and issued a $172.00 price target on shares of Interparfums in a report on Wednesday, May 7th. Piper Sandler reaffirmed an "overweight" rating and issued a $138.00 target price (down previously from $169.00) on shares of Interparfums in a research report on Thursday, April 24th.

About Interparfums

Inter Parfums, Inc, together with its subsidiaries, manufactures, markets, and distributes a range of fragrances and fragrance related products in the United States and internationally. It operates in two segments, European Based Operations and United States Based Operations. The company offers its fragrance and cosmetic products under the Boucheron, Coach, Jimmy Choo, Karl Lagerfeld, Kate Spade, Lanvin, Moncler, Montblanc, Rochas, S.T.