Lifetime Brands, Inc. to Issue Quarterly Dividend of $0.04 (NASDAQ:LCUT)

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.043 per share on Friday, February 14th. This represents a $0.17 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, January 31st.

Lifetime Brands has a dividend payout ratio of 19.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $1.00 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 17.0%.

Lifetime Brands Stock Performance

Lifetime Brands stock traded down $0.35 during midday trading on Friday, hitting $6.02. 82,910 shares of the company were exchanged, compared to its average volume of 65,661. The firm has a market capitalization of $133.40 million, a PE ratio of -7.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26. Lifetime Brands has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The business has a fifty day simple moving average of $6.31 and a two-hundred day simple moving average of $8.00. 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 (NASDAQ:LCUT) last issued its quarterly earnings data 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 business had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. During the same period in the previous year, the business posted ($0.02) earnings per share. On average, sell-side analysts forecast that Lifetime Brands will post 0.7 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on LCUT. DA Davidson lifted their price target on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 12th. Canaccord Genuity Group reduced their target price 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. Finally, StockNews.com upgraded Lifetime Brands from a “hold” rating to a “buy” rating in a report on Saturday.

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.