Lifetime Brands (LCUT) Set to Announce Quarterly Earnings on Wednesday

Lifetime Brands (NASDAQ:LCUT – Get Rating) is scheduled to be announcing its earnings results before the market opens on Wednesday, May 10th. Analysts expect the company to announce earnings of ($0.20) per share for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Lifetime Brands (NASDAQ:LCUT – Get Rating) last announced its quarterly earnings results on Thursday, March 9th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. Lifetime Brands had a positive return on equity of 2.73% and a negative net margin of 0.85%. The company had revenue of $207.04 million during the quarter, compared to analyst estimates of $195.08 million. On average, analysts expect Lifetime Brands to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lifetime Brands Price Performance

Shares of Lifetime Brands stock opened at $5.05 on Tuesday. The stock has a 50 day moving average of $5.56 and a 200 day moving average of $7.09. Lifetime Brands has a 12 month low of $4.75 and a 12 month high of $12.44. The firm has a market cap of $109.55 million, a PE ratio of -17.41, a PEG ratio of 0.75 and a beta of 1.18. The company has a current ratio of 3.08, a quick ratio of 1.37 and a debt-to-equity ratio of 1.05.

Lifetime Brands Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, May 15th. Stockholders of record on Monday, May 1st will be paid a $0.043 dividend. This represents a $0.17 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Friday, April 28th. Lifetime Brands’s payout ratio is -58.62%.

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently modified their holdings of the business. Geode Capital Management LLC raised its holdings in shares of Lifetime Brands by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 217,269 shares of the company’s stock worth $1,649,000 after buying an additional 1,493 shares during the period. Royal Bank of Canada raised its holdings in shares of Lifetime Brands by 12.0% in the third quarter. Royal Bank of Canada now owns 15,755 shares of the company’s stock worth $106,000 after buying an additional 1,683 shares during the period. Barclays PLC raised its holdings in shares of Lifetime Brands by 533.8% in the fourth quarter. Barclays PLC now owns 3,435 shares of the company’s stock worth $26,000 after buying an additional 2,893 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Lifetime Brands by 18.8% in the fourth quarter. Gamco Investors INC. ET AL now owns 19,000 shares of the company’s stock worth $144,000 after buying an additional 3,000 shares during the period. Finally, Rhumbline Advisers raised its holdings in shares of Lifetime Brands by 21.7% in the second quarter. Rhumbline Advisers now owns 20,174 shares of the company’s stock worth $223,000 after buying an additional 3,601 shares during the period. 41.24% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. StockNews.com assumed coverage on Lifetime Brands in a research note on Thursday, March 16th. They issued a “hold” rating for the company. Canaccord Genuity Group assumed coverage on Lifetime Brands in a research note on Thursday, March 30th. They issued a “buy” rating and a $12.00 price objective for the company. Finally, DA Davidson reaffirmed a “buy” rating and issued a $9.50 price objective on shares of Lifetime Brands in a research note on Tuesday, March 21st.

About Lifetime Brands

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Lifetime Brands, Inc provides kitchenware and tableware products. It operates through the following segments: U.S. and International. The U.S. segment includes the domestic operations of the Company’s business that design, market and distribute its products to retailers, distributors and directly to consumers through retail websites.