Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Investors of record on Thursday, May 1st will be paid a dividend of 0.0425 per share on Thursday, May 15th. This represents a $0.17 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Thursday, May 1st.
Lifetime Brands has a dividend payout ratio of 22.4% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $0.74 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 23.0%.
Lifetime Brands Stock Up 8.0 %
NASDAQ LCUT traded up $0.40 during mid-day trading on Tuesday, reaching $5.43. The stock had a trading volume of 54,270 shares, compared to its average volume of 52,929. Lifetime Brands has a 1 year low of $4.70 and a 1 year high of $11.68. The stock has a market cap of $120.31 million, a PE ratio of -5.48, a price-to-earnings-growth ratio of 0.48 and a beta of 1.35. The company has a fifty day moving average price of $5.44 and a 200 day moving average price of $5.91. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97.
Lifetime Brands (NASDAQ:LCUT - Get Free Report) last announced its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share for the quarter, topping analysts' consensus estimates of $0.50 by $0.05. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. The company had revenue of $215.21 million during the quarter, compared to analyst estimates of $206.60 million. On average, research analysts expect that Lifetime Brands will post 0.55 earnings per share for the current year.
Analyst Ratings Changes
A number of equities research analysts have commented on LCUT shares. DA Davidson downgraded shares of Lifetime Brands from a "buy" rating to a "neutral" rating and cut their target price for the stock from $11.50 to $6.75 in a research report on Monday, February 3rd. StockNews.com downgraded shares of Lifetime Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th.
View Our Latest Analysis on Lifetime Brands
About Lifetime Brands
(
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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.
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