Inter Parfums (IPAR) Getting Somewhat Favorable News Coverage, Report Finds
Media stories about Inter Parfums (NASDAQ:IPAR) have trended somewhat positive this week, Accern Sentiment reports. The research group scores the sentiment of press coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Inter Parfums earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.0889561716385 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news stories that may have effected Accern Sentiment’s scoring:
- Sidoti Lowers Inter Parfums, Inc. (IPAR) to Neutral (americanbankingnews.com)
- Estee Lauder (EL) Posts Upbeat Q1 Earnings, Raises View (finance.yahoo.com)
- Inter Parfums, Inc. (IPAR) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
- BWS Financial Weighs in on Inter Parfums, Inc.’s Q3 2017 Earnings (IPAR) (americanbankingnews.com)
Inter Parfums (NASDAQ IPAR) traded down $2.30 during trading on Friday, reaching $43.90. 122,000 shares of the company were exchanged, compared to its average volume of 69,922. Inter Parfums has a 52-week low of $29.40 and a 52-week high of $46.80. The stock has a market capitalization of $1.37 billion, a P/E ratio of 34.29, a price-to-earnings-growth ratio of 2.87 and a beta of 1.80. The company has a current ratio of 3.36, a quick ratio of 2.45 and a debt-to-equity ratio of 0.09.
Inter Parfums (NASDAQ:IPAR) last released its earnings results on Monday, August 7th. The company reported $0.22 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.02. Inter Parfums had a net margin of 7.14% and a return on equity of 8.12%. The firm had revenue of $129.10 million during the quarter, compared to the consensus estimate of $122.57 million. During the same period in the previous year, the firm earned $0.19 earnings per share. Inter Parfums’s revenue was up 10.2% compared to the same quarter last year. analysts anticipate that Inter Parfums will post 1.3 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were issued a $0.17 dividend. The ex-dividend date was Thursday, September 28th. This represents a $0.68 dividend on an annualized basis and a yield of 1.55%. Inter Parfums’s payout ratio is 52.71%.
A number of equities research analysts have recently commented on IPAR shares. Zacks Investment Research downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub downgraded shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. DA Davidson reiterated a “buy” rating and set a $45.00 price target (up from $44.00) on shares of Inter Parfums in a report on Thursday, August 10th. Finally, Citigroup Inc reiterated a “buy” rating and set a $45.00 price target (up from $42.00) on shares of Inter Parfums in a report on Thursday, August 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $44.50.
In other Inter Parfums news, Director Torres Robert Bensoussan sold 6,000 shares of Inter Parfums stock in a transaction that occurred on Thursday, October 12th. The shares were sold at an average price of $42.09, for a total transaction of $252,540.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Russell Greenberg sold 2,500 shares of Inter Parfums stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $39.10, for a total transaction of $97,750.00. Following the transaction, the chief financial officer now directly owns 5,500 shares in the company, valued at $215,050. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 11,750 shares of company stock worth $480,483. 45.40% of the stock is currently owned by corporate insiders.
Inter Parfums Company Profile
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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