Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on August 1st

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Thursday, June 20th, Zacks reports. Shareholders 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 dividend on an annualized basis 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. Research 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 Price Performance

NASDAQ:LCUT traded down $0.10 during mid-day trading on Tuesday, hitting $8.37. The company’s stock had a trading volume of 5,194 shares, compared to its average volume of 85,790. The company has a market capitalization of $184.73 million, a price-to-earnings ratio of -31.37, a P/E/G ratio of 0.91 and a beta of 1.29. The company has a current ratio of 2.62, a quick ratio of 1.07 and a debt-to-equity ratio of 0.77. Lifetime Brands has a fifty-two week low of $4.86 and a fifty-two week high of $11.68. The stock has a fifty day moving average of $9.15 and a 200-day moving average of $9.37.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.06). The company had revenue of $142.24 million during the quarter, compared to the consensus estimate of $149.74 million. Lifetime Brands had a negative net margin of 0.86% and a positive return on equity of 4.63%. During the same quarter in the prior year, the company posted ($0.12) earnings per share. As a group, equities analysts forecast that Lifetime Brands will post 0.71 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on LCUT shares. Canaccord Genuity Group upped their target price on shares of Lifetime Brands from $11.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, May 10th. DA Davidson lifted their target price on shares of Lifetime Brands from $11.50 to $13.50 and gave the company a “buy” rating in a research note on Monday, May 13th.

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.