Lifetime Brands FY2025 EPS Forecast Reduced by Sidoti Csr

Lifetime Brands, Inc. (NASDAQ:LCUT) – Equities research analysts at Sidoti Csr decreased their FY2025 EPS estimates for shares of Lifetime Brands in a research note issued on Tuesday, January 14th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will post earnings per share of $0.74 for the year, down from their prior forecast of $0.77. The consensus estimate for Lifetime Brands’ current full-year earnings is $0.55 per share.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $183.84 million during the quarter, compared to the consensus estimate of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same quarter last year, the company posted $0.36 EPS.

Several other brokerages have also recently issued reports on LCUT. Canaccord Genuity Group lowered their price target on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research report on Friday, October 18th. StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Monday. Finally, DA Davidson dropped their target price on shares of Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a report on Wednesday, December 11th.

Lifetime Brands Stock Up 1.3 %

LCUT opened at $5.65 on Wednesday. The stock’s 50 day moving average price is $5.94 and its 200 day moving average price is $6.62. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The stock has a market cap of $125.19 million, a P/E ratio of -5.71, a P/E/G ratio of 0.83 and a beta of 1.27. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68.

Lifetime Brands Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.043 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 3.04%. Lifetime Brands’s dividend payout ratio is currently -17.17%.

Hedge Funds Weigh In On Lifetime Brands

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. JB Capital Partners LP increased its holdings in shares of Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock valued at $6,106,000 after purchasing an additional 108,193 shares during the period. American Century Companies Inc. increased its stake in Lifetime Brands by 88.0% in the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock valued at $1,385,000 after buying an additional 75,475 shares during the period. Dimensional Fund Advisors LP lifted its position in Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after buying an additional 38,471 shares in the last quarter. Bank of New York Mellon Corp lifted its position in Lifetime Brands by 22.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock worth $1,299,000 after buying an additional 28,104 shares in the last quarter. Finally, Hohimer Wealth Management LLC acquired a new stake in shares of Lifetime Brands during the 3rd quarter valued at $133,000. 40.62% of the stock is currently owned by hedge funds and other institutional investors.

About Lifetime Brands

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.