Somewhat Positive Media Coverage Somewhat Unlikely to Affect Inter Parfums (IPAR) Stock Price
Media stories about Inter Parfums (NASDAQ:IPAR) have trended somewhat positive on Friday, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Inter Parfums earned a coverage optimism score of 0.16 on Accern’s scale. Accern also gave media headlines about the company an impact score of 48.8420685062763 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news stories that may have effected Accern Sentiment’s analysis:
- FY2018 EPS Estimates for Inter Parfums, Inc. (IPAR) Lowered by Analyst (americanbankingnews.com)
- Q1 2018 EPS Estimates for Inter Parfums, Inc. Decreased by Jefferies Group (IPAR) (americanbankingnews.com)
- Inter Parfums, Inc. : Provides Initial 2018 Guidance (4-traders.com)
- Inter Parfums, Inc. (IPAR) Updates FY18 Earnings Guidance (americanbankingnews.com)
- Inter Parfums, Inc. Provides Initial 2018 Guidance (finance.yahoo.com)
Inter Parfums (NASDAQ:IPAR) opened at $42.20 on Friday. The company has a market cap of $1,309.84, a P/E ratio of 30.88, a P/E/G ratio of 2.65 and a beta of 1.80. Inter Parfums has a 12 month low of $31.45 and a 12 month high of $46.80. The company has a quick ratio of 2.54, a current ratio of 3.39 and a debt-to-equity ratio of 0.07.
Inter Parfums (NASDAQ:IPAR) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The company had revenue of $169.50 million during the quarter, compared to the consensus estimate of $160.52 million. Inter Parfums had a net margin of 7.13% and a return on equity of 8.06%. Inter Parfums’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.52 earnings per share. analysts forecast that Inter Parfums will post 1.29 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Thursday, December 28th. This is an increase from Inter Parfums’s previous quarterly dividend of $0.17. This represents a $0.84 dividend on an annualized basis and a dividend yield of 1.99%. Inter Parfums’s dividend payout ratio is presently 51.13%.
A number of analysts recently issued reports on the company. Sidoti lowered Inter Parfums from a “buy” rating to a “neutral” rating in a report on Thursday, November 2nd. DA Davidson downgraded shares of Inter Parfums from a “buy” rating to a “neutral” rating and set a $49.00 price objective for the company. in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Inter Parfums from a “hold” rating to a “buy” rating and set a $52.00 price objective for the company in a research note on Thursday, October 26th. KeyCorp set a $44.00 price objective on shares of Inter Parfums and gave the stock a “buy” rating in a research note on Monday, October 16th. Finally, Citigroup Inc. reissued a “buy” rating and issued a $45.00 price objective (up previously from $42.00) on shares of Inter Parfums in a research note on Thursday, August 10th. Three analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $44.00.
In other news, Director Torres Robert Bensoussan sold 6,000 shares of the company’s stock in a transaction on Thursday, October 12th. The stock was sold at an average price of $42.09, for a total transaction of $252,540.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Russell Greenberg sold 2,500 shares of the company’s stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $39.60, for a total value of $99,000.00. Following the transaction, the chief financial officer now directly owns 5,500 shares in the company, valued at $217,800. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,250 shares of company stock worth $382,733. Insiders own 45.40% of the company’s stock.
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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