Lifetime Brands (LCUT) to Release Earnings on Thursday

Lifetime Brands (NASDAQ:LCUT - Get Free Report) is scheduled to post its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Lifetime Brands to post earnings of $0.38 per share for the quarter. Lifetime Brands has set its FY 2024 guidance at 0.690-0.780 EPS.Individual interested in registering for the company's earnings conference call can do so using this link.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. The business had revenue of $141.67 million during the quarter, compared to analyst estimates of $41.90 million. During the same quarter last year, the company posted ($0.02) earnings per share. On average, analysts expect Lifetime Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lifetime Brands Stock Performance

Shares of LCUT stock traded down $0.01 on Friday, hitting $5.71. The company's stock had a trading volume of 73,437 shares, compared to its average volume of 77,066. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 2.35. The stock's 50 day moving average is $6.41 and its 200-day moving average is $8.11. Lifetime Brands has a fifty-two week low of $5.25 and a fifty-two week high of $11.68. The company has a market capitalization of $126.53 million, a PE ratio of -7.05, a PEG ratio of 0.57 and a beta of 1.25.

Lifetime Brands Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 15th. Investors of record on Friday, November 1st will be given a dividend of $0.043 per share. The ex-dividend date is Friday, November 1st. This represents a $0.17 annualized dividend and a yield of 3.01%. Lifetime Brands's dividend payout ratio is -20.99%.

Wall Street Analyst Weigh In

LCUT has been the subject of several recent analyst reports. Canaccord Genuity Group cut their price objective on shares of 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 report on Tuesday. Finally, DA Davidson raised their price objective on shares of Lifetime Brands from $13.50 to $14.00 and gave the company a "buy" rating in a report 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.