Lifetime Brands, Inc. (NASDAQ:LCUT) Releases Quarterly Earnings Results, Misses Expectations By $0.11 EPS
Lifetime Brands, Inc. (NASDAQ:LCUT) posted its quarterly earnings data on Tuesday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.11, Bloomberg Earnings reports. The firm had revenue of $117.40 million during the quarter, compared to analysts’ expectations of $121.59 million. Lifetime Brands had a net margin of 3.14% and a return on equity of 10.81%. Lifetime Brands’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS.
Shares of Lifetime Brands (NASDAQ:LCUT) opened at 16.95 on Tuesday. The company has a 50 day moving average price of $18.82 and a 200 day moving average price of $18.01. Lifetime Brands has a 12-month low of $12.03 and a 12-month high of $21.20. The stock has a market cap of $247.05 million, a P/E ratio of 13.25 and a beta of 0.98.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 15th. Investors of record on Tuesday, August 1st will be issued a $0.0425 dividend. The ex-dividend date is Friday, July 28th. This represents a $0.17 annualized dividend and a dividend yield of 0.91%. Lifetime Brands’s dividend payout ratio is presently 13.39%.
TRADEMARK VIOLATION WARNING: This piece was first posted by American Banking News and is the property of of American Banking News. If you are accessing this piece on another website, it was copied illegally and reposted in violation of international trademark and copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/08/lifetime-brands-inc-nasdaqlcut-releases-quarterly-earnings-results-misses-expectations-by-0-11-eps.html.
Several equities research analysts recently issued reports on LCUT shares. BidaskClub upgraded Lifetime Brands from a “strong sell” rating to a “sell” rating in a report on Tuesday, July 11th. Sidoti upgraded 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.
Receive News & Ratings for Lifetime Brands Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands Inc. and related companies with MarketBeat.com's FREE daily email newsletter.