FY2024 EPS Forecast for Lifetime Brands Decreased by Analyst

Lifetime Brands, Inc. (NASDAQ:LCUT - Free Report) - Equities research analysts at Sidoti Csr lowered their FY2024 EPS estimates for shares of Lifetime Brands in a report issued on Tuesday, March 4th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.48 for the year, down from their prior forecast of $0.55. 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 $0.45 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $0.59 EPS, Q1 2026 earnings at ($0.07) EPS, Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.56 EPS and FY2026 earnings at $0.89 EPS.

A number of other analysts have also issued reports on the stock. StockNews.com lowered shares of Lifetime Brands from a "buy" rating to a "hold" rating in a research report on Tuesday, February 4th. DA Davidson lowered shares of Lifetime Brands from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $11.50 to $6.75 in a research report on Monday, February 3rd.

Lifetime Brands Price Performance

Shares of LCUT traded up $0.06 during mid-day trading on Wednesday, reaching $5.18. 17,805 shares of the company's stock were exchanged, compared to its average volume of 67,088. The company has a quick ratio of 0.97, a current ratio of 2.36 and a debt-to-equity ratio of 0.88. The company has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $6.02. Lifetime Brands has a 52-week low of $4.71 and a 52-week high of $11.68. The company has a market cap of $114.77 million, a price-to-earnings ratio of -5.23, a PEG ratio of 0.48 and a beta of 1.35.

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Institutional Trading of Lifetime Brands

A number of hedge funds have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in shares of Lifetime Brands in the 3rd quarter valued at $67,000. Geode Capital Management LLC boosted its holdings in shares of Lifetime Brands by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company's stock valued at $1,925,000 after purchasing an additional 11,118 shares during the last quarter. Barclays PLC boosted its holdings in shares of Lifetime Brands by 38.7% in the 3rd quarter. Barclays PLC now owns 19,016 shares of the company's stock valued at $124,000 after purchasing an additional 5,302 shares during the last quarter. JB Capital Partners LP boosted its holdings in shares of Lifetime Brands by 13.0% in the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company's stock valued at $6,106,000 after purchasing an additional 108,193 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company's stock valued at $118,000 after purchasing an additional 15,708 shares during the last quarter. Institutional investors and hedge funds own 40.62% of the company's stock.

About Lifetime Brands

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.