Lifetime Brands, Inc. (NASDAQ:LCUT) Declares $0.04 Quarterly Dividend

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.043 per share on Friday, February 14th. This represents a $0.17 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date is Friday, January 31st.

Lifetime Brands has a payout ratio of 19.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $1.00 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 17.0%.

Lifetime Brands Stock Down 5.5 %

Shares of LCUT traded down $0.35 during mid-day trading on Friday, reaching $6.02. The company's stock had a trading volume of 82,910 shares, compared to its average volume of 65,661. Lifetime Brands has a 1 year low of $5.25 and a 1 year high of $11.68. The company has a quick ratio of 0.92, a current ratio of 2.35 and a debt-to-equity ratio of 0.75. The company has a market cap of $133.40 million, a price-to-earnings ratio of -7.43, a price-to-earnings-growth ratio of 0.67 and a beta of 1.26. The business has a fifty day moving average of $6.31 and a 200 day moving average of $7.99.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.01). The company had revenue of $141.67 million for the quarter, compared to the consensus estimate of $41.90 million. Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. During the same period in the previous year, the company earned ($0.02) EPS. As a group, analysts forecast that Lifetime Brands will post 0.7 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on LCUT shares. 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. StockNews.com upgraded Lifetime Brands from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, DA Davidson raised their target price on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a "buy" rating in a research note on Monday, August 12th.

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.