Lifetime Brands (NASDAQ:LCUT) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Lifetime Brands (NASDAQ:LCUT) announced its earnings results on Thursday. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.50 by $0.05, Zacks reports. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $215.21 million during the quarter, compared to analysts’ expectations of $206.60 million.

Lifetime Brands Price Performance

Shares of LCUT opened at $5.05 on Friday. The firm has a market cap of $111.89 million, a PE ratio of -5.10, a PEG ratio of 0.48 and a beta of 1.35. The firm’s 50 day moving average price is $5.46 and its 200 day moving average price is $5.94. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. Lifetime Brands has a twelve month low of $4.70 and a twelve month high of $11.68.

Lifetime Brands Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, May 1st will be given a dividend of $0.0425 per share. This represents a $0.17 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend is Thursday, May 1st. Lifetime Brands’s payout ratio is presently -17.17%.

Wall Street Analyst Weigh In

Several brokerages have commented on LCUT. StockNews.com cut shares of Lifetime Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th. DA Davidson cut shares of Lifetime Brands from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $11.50 to $6.75 in a report on Monday, February 3rd.

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.