Lifetime Brands (NASDAQ:LCUT) Posts Quarterly Earnings Results, Beats Estimates By $0.05 EPS

Lifetime Brands (NASDAQ:LCUT) posted its earnings results on Thursday. The company reported $0.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05, Zacks reports. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%.

Lifetime Brands Stock Performance

LCUT opened at $5.19 on Thursday. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97. The company has a market capitalization of $114.99 million, a PE ratio of -5.24, a price-to-earnings-growth ratio of 0.48 and a beta of 1.35. The business has a fifty day simple moving average of $5.49 and a 200 day simple moving average of $5.97. Lifetime Brands has a 1 year low of $4.71 and a 1 year high of $11.68.

Analysts Set New Price Targets

LCUT has been the topic of several research reports. DA Davidson downgraded shares of Lifetime Brands from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $11.50 to $6.75 in a report on Monday, February 3rd. StockNews.com lowered shares of Lifetime Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

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.