Lifetime Brands (NASDAQ:LCUT) Issues FY 2024 Earnings Guidance

Lifetime Brands (NASDAQ:LCUT) updated its FY 2024 earnings guidance on Thursday. The company provided EPS guidance of 0.510-0.600 for the period, compared to the consensus EPS estimate of 0.710. The company issued revenue guidance of $680.0 million-$700.0 million, compared to the consensus revenue estimate of $693.9 million.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on LCUT shares. DA Davidson boosted 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. Canaccord Genuity Group lowered their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th. Finally, StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Saturday.

Lifetime Brands Trading Down 5.5 %

Shares of NASDAQ:LCUT traded down $0.35 during trading hours on Friday, reaching $6.02. The stock had a trading volume of 82,910 shares, compared to its average volume of 65,106. The firm’s 50 day moving average is $6.31 and its 200-day moving average is $7.99. Lifetime Brands has a 1 year low of $5.25 and a 1 year high of $11.68. 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 (NASDAQ:LCUT) last posted its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.11%. The business 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 forecast that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Lifetime Brands Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be given a $0.043 dividend. The ex-dividend date of this dividend is Friday, January 31st. This represents a $0.17 dividend on an annualized basis and a yield of 2.86%. Lifetime Brands’s dividend payout ratio (DPR) is presently -17.17%.

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.