Lifetime Brands Inc (NASDAQ:LCUT) declared a quarterly dividend on Monday, June 29th, Wall Street Journal reports. Shareholders of record on Monday, August 3rd will be given a dividend of 0.0425 per share on Monday, August 17th. This represents a $0.17 dividend on an annualized basis and a yield of 2.46%. The ex-dividend date is Friday, July 31st.
Lifetime Brands has decreased its dividend by an average of 32.0% annually over the last three years. Lifetime Brands has a payout ratio of 44.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $0.70 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 24.3%.
Shares of NASDAQ LCUT traded down $0.42 during trading on Monday, hitting $6.90. The company had a trading volume of 65,215 shares, compared to its average volume of 41,917. The firm has a market capitalization of $161.18 million, a price-to-earnings ratio of -2.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.98. The stock has a fifty day simple moving average of $5.48 and a two-hundred day simple moving average of $5.99. The company has a quick ratio of 2.07, a current ratio of 3.92 and a debt-to-equity ratio of 2.18. Lifetime Brands has a fifty-two week low of $3.26 and a fifty-two week high of $10.20.
Lifetime Brands (NASDAQ:LCUT) last posted its quarterly earnings data on Thursday, May 21st. The company reported ($0.27) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.23) by ($0.04). Lifetime Brands had a positive return on equity of 3.15% and a negative net margin of 9.27%. The firm had revenue of $145.07 million during the quarter, compared to analyst estimates of $149.54 million. On average, analysts anticipate that Lifetime Brands will post 0.35 earnings per share for the current year.
Separately, Zacks Investment Research cut shares of Lifetime Brands from a “hold” rating to a “sell” rating in a research note on Tuesday, June 16th.
About Lifetime Brands
Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.
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