Lifetime Brands (LCUT) to Release Quarterly Earnings on Thursday

Lifetime Brands (NASDAQ:LCUT) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Lifetime Brands has set its FY 2024 guidance at 0.690-0.780 EPS.

Lifetime Brands (NASDAQ:LCUT) last released 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). Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. The firm had revenue of $141.67 million for the quarter, compared to analyst estimates of $41.90 million. During the same period last year, the firm earned ($0.02) EPS. On average, analysts expect Lifetime Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lifetime Brands Stock Performance

LCUT opened at $5.76 on Friday. The firm has a 50 day moving average of $6.45 and a two-hundred day moving average of $8.14. The firm has a market capitalization of $127.64 million, a PE ratio of -7.11, a P/E/G ratio of 0.57 and a beta of 1.25. The company has a current ratio of 2.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.75. Lifetime Brands has a 12-month low of $5.11 and a 12-month high of $11.68.

Lifetime Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a yield of 2.99%. The ex-dividend date is Friday, November 1st. Lifetime Brands’s dividend payout ratio (DPR) is -20.99%.

Analyst Ratings Changes

Several brokerages recently issued reports on LCUT. StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research note on Tuesday. DA Davidson boosted their price objective on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Finally, Canaccord Genuity Group dropped their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 18th.

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.