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

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, January 31st will be given a dividend of 0.043 per share on Friday, February 14th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, January 31st.

Lifetime Brands has a dividend payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $1.00 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 17.0%.

Lifetime Brands Price Performance

Lifetime Brands stock traded down $0.35 during midday trading on Friday, reaching $6.02. The company had a trading volume of 82,910 shares, compared to its average volume of 65,661. Lifetime Brands has a 12-month low of $5.25 and a 12-month high of $11.68. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92. The firm’s fifty day simple moving average is $6.31 and its 200-day simple moving average is $8.00. The company has a market capitalization of $133.40 million, a P/E ratio of -7.43, a P/E/G ratio of 0.67 and a beta of 1.26.

Lifetime Brands (NASDAQ:LCUT) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $141.67 million for the quarter, compared to analyst estimates of $41.90 million. Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. During the same quarter last year, the company posted ($0.02) EPS. As a group, equities analysts anticipate that Lifetime Brands will post 0.7 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LCUT shares. Canaccord Genuity Group cut their price objective on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. DA Davidson raised their target price on Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Finally, StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Saturday.

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.