Lifetime Brands, Inc. (LCUT) Announces Quarterly Dividend of $0.04
Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Wednesday, November 1st will be given a dividend of 0.0425 per share on Wednesday, November 15th. This represents a $0.17 annualized dividend and a yield of 1.04%. The ex-dividend date is Tuesday, October 31st.
Lifetime Brands (NASDAQ:LCUT) traded down 3.81% during mid-day trading on Wednesday, reaching $16.40. 24,623 shares of the company traded hands. Lifetime Brands has a 52-week low of $12.03 and a 52-week high of $21.20. The firm’s 50-day moving average is $18.87 and its 200 day moving average is $18.03. The stock has a market capitalization of $239.03 million, a PE ratio of 12.82 and a beta of 0.98.
Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Tuesday, August 8th. The company reported ($0.05) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.11. The business had revenue of $117.40 million during the quarter, compared to analyst estimates of $121.59 million. Lifetime Brands had a return on equity of 10.81% and a net margin of 3.14%. The business’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 EPS. On average, equities research analysts expect that Lifetime Brands will post $1.51 earnings per share for the current year.
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A number of equities analysts have commented on LCUT shares. BidaskClub raised shares of Lifetime Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Sidoti raised shares of Lifetime Brands from a “neutral” rating to a “buy” rating in a report on Friday, May 26th.
About Lifetime Brands
Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. The Company operates through three segments: U.S. Wholesale, International and Retail Direct. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.
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