Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Wednesday, August 9th, Wall Street Journal reports. Stockholders 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 dividend yield of 1.01%. The ex-dividend date of this dividend is Tuesday, October 31st.
Lifetime Brands (LCUT) traded up 1.20% during midday trading on Friday, hitting $16.80. 35,992 shares of the stock traded hands. Lifetime Brands has a 12-month low of $12.03 and a 12-month high of $21.20. The firm’s 50 day moving average is $18.40 and its 200-day moving average is $18.11. The stock has a market capitalization of $248.61 million, a PE ratio of 13.95 and a beta of 0.98.
Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Tuesday, August 8th. The company reported ($0.05) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.11. Lifetime Brands had a return on equity of 10.27% and a net margin of 2.99%. The company had revenue of $117.40 million during the quarter, compared to the consensus estimate of $121.59 million. During the same quarter in the previous year, the business posted $0.01 EPS. The firm’s revenue for the quarter was down .6% on a year-over-year basis. On average, analysts anticipate that Lifetime Brands will post $1.32 EPS for the current fiscal year.
LCUT has been the topic of a number of recent analyst reports. BidaskClub upgraded Lifetime Brands from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 11th. Sidoti upgraded 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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