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

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. Investors 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 2.7%. The ex-dividend date is Monday, September 15th.

Interparfums has a dividend payout ratio of 55.0% meaning its dividend is sufficiently covered by earnings. Equities 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 Up 1.8%

Shares of NASDAQ:IPAR traded up $2.18 during midday trading on Wednesday, reaching $120.68. The company had a trading volume of 438,000 shares, compared to its average volume of 237,517. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.97 and a quick ratio of 1.68. The stock's fifty day moving average price is $132.49 and its 200-day moving average price is $127.16. The stock has a market capitalization of $3.88 billion, a P/E ratio of 23.48 and a beta of 1.43. Interparfums has a one year low of $97.65 and a one year high of $148.15.

Interparfums (NASDAQ:IPAR - Get Free Report) last released its quarterly earnings results on Tuesday, August 5th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.10 by ($0.11). The firm had revenue of $333.94 million for the quarter, compared to the consensus estimate of $357.58 million. Interparfums had a return on equity of 17.62% and a net margin of 11.30%. The firm's revenue was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.14 EPS. Equities research analysts expect that Interparfums will post 5.14 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

IPAR has been the subject of a number of research analyst reports. BWS Financial reissued 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 set a $138.00 price objective (down from $169.00) on shares of Interparfums in a research note on Thursday, April 24th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Interparfums has an average rating of "Moderate Buy" and a consensus target price of $162.00.

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.

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