Somewhat Favorable News Coverage Somewhat Unlikely to Affect Inter Parfums (IPAR) Stock Price
News headlines about Inter Parfums (NASDAQ:IPAR) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Inter Parfums earned a media sentiment score of 0.24 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.3732336556143 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have effected Accern’s analysis:
- Inter Parfums (IPAR) and Its Rivals Head-To-Head Survey (americanbankingnews.com)
- Q3 2018 Earnings Forecast for Inter Parfums, Inc. (IPAR) Issued By BWS Financial (americanbankingnews.com)
- Q2 2018 Earnings Forecast for Inter Parfums, Inc. Issued By DA Davidson (IPAR) (americanbankingnews.com)
- Comparing Inter Parfums (IPAR) and The Competition (americanbankingnews.com)
- Reviewing Inter Parfums (IPAR) and Its Competitors (americanbankingnews.com)
A number of analysts recently weighed in on the stock. BidaskClub raised shares of Inter Parfums from a “hold” rating to a “buy” rating in a report on Tuesday. Citigroup lowered shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $52.00 target price on the stock. in a report on Monday, January 22nd. Zacks Investment Research lowered shares of Inter Parfums from a “buy” rating to a “hold” rating in a report on Thursday, January 25th. KeyCorp lowered shares of Inter Parfums from an “overweight” rating to a “sector weight” rating in a report on Monday, January 22nd. Finally, DA Davidson raised shares of Inter Parfums from a “neutral” rating to a “buy” rating and upped their target price for the stock from $46.00 to $51.00 in a report on Wednesday, January 10th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $47.67.
Inter Parfums (NASDAQ:IPAR) last released its quarterly earnings results on Tuesday, March 13th. The company reported $0.14 EPS for the quarter, topping the Zacks’ consensus estimate of $0.11 by $0.03. Inter Parfums had a net margin of 7.03% and a return on equity of 7.68%. The business had revenue of $149.50 million during the quarter, compared to analysts’ expectations of $147.98 million. During the same quarter in the previous year, the company earned $0.13 EPS. The business’s quarterly revenue was up 10.9% compared to the same quarter last year. sell-side analysts expect that Inter Parfums will post 1.5 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be paid a $0.21 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $0.84 dividend on an annualized basis and a yield of 1.75%. Inter Parfums’s dividend payout ratio is presently 62.69%.
In other Inter Parfums news, CFO Russell Greenberg sold 7,595 shares of the business’s stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $47.59, for a total value of $361,446.05. Following the completion of the transaction, the chief financial officer now owns 5,000 shares of the company’s stock, valued at approximately $237,950. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last three months, insiders sold 15,595 shares of company stock valued at $733,946. Corporate insiders own 45.40% of the company’s stock.
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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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