Lifetime Brands, Inc. (NASDAQ:LCUT) Plans Quarterly Dividend of $0.04

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Thursday, June 20th, Zacks reports. Investors of record on Thursday, August 1st will be given a dividend of 0.043 per share on Thursday, August 15th. This represents a $0.17 annualized dividend and a yield of 2.05%. The ex-dividend date of this dividend is Thursday, August 1st.

Lifetime Brands has a dividend payout ratio of 16.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lifetime Brands to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 15.2%.

Lifetime Brands Stock Down 1.1 %

Lifetime Brands stock traded down $0.09 during midday trading on Tuesday, hitting $8.38. 3,516 shares of the company were exchanged, compared to its average volume of 85,790. The company’s fifty day moving average price is $9.15 and its 200-day moving average price is $9.37. Lifetime Brands has a fifty-two week low of $4.86 and a fifty-two week high of $11.68. The company has a market cap of $184.95 million, a PE ratio of -31.37, a price-to-earnings-growth ratio of 0.91 and a beta of 1.29. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.62 and a quick ratio of 1.07.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, May 9th. The company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.06). Lifetime Brands had a negative net margin of 0.86% and a positive return on equity of 4.63%. The business had revenue of $142.24 million during the quarter, compared to analyst estimates of $149.74 million. During the same period in the previous year, the company earned ($0.12) earnings per share. On average, research analysts predict that Lifetime Brands will post 0.71 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on LCUT. Canaccord Genuity Group upped their price target on Lifetime Brands from $11.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, May 10th. DA Davidson upped their price target on Lifetime Brands from $11.50 to $13.50 and gave the company a “buy” rating in a research report on Monday, May 13th.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.