Sidoti Csr Decreases Earnings Estimates for Lifetime Brands

Lifetime Brands, Inc. (NASDAQ:LCUT) – Research analysts at Sidoti Csr cut their FY2024 earnings per share (EPS) estimates for Lifetime Brands in a report released on Friday, November 8th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings of $0.55 per share for the year, down from their prior estimate of $0.70. The consensus estimate for Lifetime Brands’ current full-year earnings is $0.55 per share. Sidoti Csr also issued estimates for Lifetime Brands’ Q4 2024 earnings at $0.51 EPS and Q4 2025 earnings at $0.60 EPS.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The company had revenue of $141.67 million for the quarter, compared to analyst estimates of $41.90 million. Lifetime Brands had a positive return on equity of 3.11% and a negative net margin of 3.19%. During the same quarter in the prior year, the firm earned ($0.02) earnings per share.

Other analysts have also recently issued research reports about the company. Canaccord Genuity Group dropped their price objective on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th. StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, DA Davidson lifted 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.

Lifetime Brands Price Performance

NASDAQ LCUT opened at $6.02 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92. 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 moving average of $6.31 and a 200-day moving average of $7.99.

Institutional Investors Weigh In On Lifetime Brands

Several hedge funds have recently modified their holdings of the stock. Squarepoint Ops LLC increased its position in Lifetime Brands by 28.5% during the second quarter. Squarepoint Ops LLC now owns 20,621 shares of the company’s stock worth $177,000 after purchasing an additional 4,575 shares during the last quarter. Empowered Funds LLC increased its holdings in shares of Lifetime Brands by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 96,093 shares of the company’s stock worth $628,000 after buying an additional 4,824 shares during the last quarter. Heron Bay Capital Management raised its position in shares of Lifetime Brands by 81.1% in the 1st quarter. Heron Bay Capital Management now owns 18,690 shares of the company’s stock worth $196,000 after buying an additional 8,369 shares during the period. Mackenzie Financial Corp acquired a new position in Lifetime Brands in the second quarter valued at $87,000. Finally, Rhumbline Advisers grew its position in Lifetime Brands by 579.0% during the second quarter. Rhumbline Advisers now owns 13,173 shares of the company’s stock valued at $113,000 after acquiring an additional 11,233 shares during the period. 40.62% of the stock is owned by institutional investors and hedge funds.

Lifetime Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be issued a dividend of $0.043 per share. The ex-dividend date is Friday, January 31st. This represents a $0.17 annualized dividend and a dividend yield of 2.86%. Lifetime Brands’s payout ratio is currently -17.17%.

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.