Lifetime Brands (LCUT) Scheduled to Post Earnings on Thursday

Lifetime Brands (NASDAQ:LCUT) is set to issue its quarterly earnings data 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.Investors that are interested in registering for the company’s conference call can do so using this link.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly 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 company had revenue of $141.67 million during the quarter, compared to the consensus estimate of $41.90 million. During the same period in the prior year, the firm 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 3.5 %

LCUT stock traded up $0.21 on Tuesday, reaching $6.13. 26,246 shares of the company traded hands, compared to its average volume of 76,673. The company has a quick ratio of 0.92, a current ratio of 2.35 and a debt-to-equity ratio of 0.75. The firm has a fifty day simple moving average of $6.38 and a 200-day simple moving average of $8.07. Lifetime Brands has a one year low of $5.25 and a one year high of $11.68.

Wall Street Analyst Weigh In

LCUT has been the topic of a number of analyst reports. Canaccord Genuity Group dropped their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating on the stock in a research note on Friday, October 18th. DA Davidson upped their target price 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. Finally, StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

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.