Lifetime Brands, Inc. (NASDAQ:LCUT) Plans $0.04 Quarterly Dividend
Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Investors of record on Wednesday, November 1st will be paid 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.
Shares of Lifetime Brands (NASDAQ LCUT) traded down 3.81% during trading on Wednesday, reaching $16.40. 24,623 shares of the company traded hands. The firm has a 50 day moving average of $18.87 and a 200 day moving average of $18.03. Lifetime Brands has a 52 week low of $12.03 and a 52 week high of $21.20. 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 issued its earnings results on Tuesday, August 8th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.11. Lifetime Brands had a net margin of 3.14% and a return on equity of 10.81%. The company had revenue of $117.40 million during the quarter, compared to analyst estimates of $121.59 million. During the same quarter in the previous year, the company posted $0.01 EPS. The company’s quarterly revenue was down .6% on a year-over-year basis. On average, equities analysts predict that Lifetime Brands will post $1.51 EPS for the current year.
Several research analysts have recently issued reports on LCUT shares. BidaskClub cut shares of Lifetime Brands from a “sell” rating to a “strong sell” rating in a report on Tuesday, August 1st. Sidoti upgraded shares of Lifetime Brands from a “neutral” rating to a “buy” rating in a research 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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