FY2025 EPS Forecast for Lifetime Brands Lowered by Analyst

Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) - Stock analysts at Sidoti Csr reduced their FY2025 earnings per share (EPS) estimates for Lifetime Brands in a research report issued on Tuesday, January 14th. Sidoti Csr analyst A. Lebiedzinski now forecasts that the company will earn $0.74 per share for the year, down from their previous forecast of $0.77. The consensus estimate for Lifetime Brands' current full-year earnings is $0.55 per share.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $183.84 million during the quarter, compared to analyst estimates of $193.90 million. During the same quarter in the prior year, the business earned $0.36 EPS.

Several other equities analysts have also issued reports on the stock. StockNews.com upgraded shares of Lifetime Brands from a "hold" rating to a "buy" rating in a report on Monday. DA Davidson dropped their price objective on Lifetime Brands from $14.00 to $11.50 and set a "buy" rating on the stock in a research note on Wednesday, December 11th. Finally, Canaccord Genuity Group decreased 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.

Lifetime Brands Trading Up 1.4 %

Shares of LCUT stock traded up $0.08 on Wednesday, hitting $5.73. The company had a trading volume of 23,038 shares, compared to its average volume of 31,671. Lifetime Brands has a twelve month low of $5.25 and a twelve month high of $11.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The firm has a market cap of $126.96 million, a P/E ratio of -5.79, a P/E/G ratio of 0.83 and a beta of 1.27. The stock's 50-day moving average is $5.92 and its two-hundred day moving average is $6.61.

Lifetime Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Stockholders of record on Friday, January 31st will be paid 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 dividend yield of 3.00%. Lifetime Brands's payout ratio is presently -17.17%.

Hedge Funds Weigh In On Lifetime Brands

Several institutional investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in Lifetime Brands in the third quarter worth $67,000. Mackenzie Financial Corp purchased a new position in shares of Lifetime Brands in the 2nd quarter worth about $87,000. 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 buying an additional 11,233 shares during the period. BNP Paribas Financial Markets grew its position in Lifetime Brands by 657.8% during the third quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company's stock valued at $118,000 after buying an additional 15,708 shares during the period. Finally, Barclays PLC increased its holdings in Lifetime Brands by 38.7% during the third quarter. Barclays PLC now owns 19,016 shares of the company's stock worth $124,000 after buying an additional 5,302 shares during the last quarter. 40.62% of the stock is owned by institutional investors.

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.