Lifetime Brands (LCUT) Set to Announce Earnings on Thursday

Lifetime Brands (NASDAQ:LCUT) will 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 issued its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. The firm had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. During the same quarter in the prior year, the business earned ($0.02) earnings per share. 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 Up 3.6 %

LCUT stock opened at $5.76 on Friday. The stock’s 50 day simple moving average is $6.45 and its 200 day simple moving average is $8.14. The company has a market cap of $127.64 million, a P/E ratio of -7.11, a price-to-earnings-growth ratio of 0.57 and a beta of 1.25. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 2.35. Lifetime Brands has a fifty-two week low of $5.11 and a fifty-two week high of $11.68.

Lifetime Brands Announces Dividend

The company 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 $0.043 dividend. This represents a $0.17 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date is Friday, November 1st. Lifetime Brands’s dividend payout ratio is currently -20.99%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Canaccord Genuity Group lowered their price objective on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a report on Friday, October 18th. StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, DA Davidson raised their price target on shares of Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 12th.

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.