Lifetime Brands (NASDAQ:LCUT) announced its quarterly earnings results on Thursday. The company reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.76 by ($0.36), MarketWatch Earnings reports. Lifetime Brands had a negative return on equity of 0.58% and a negative net margin of 1.96%. The business had revenue of $209.45 million for the quarter. Lifetime Brands updated its FY 2018 guidance to EPS.

Lifetime Brands stock traded down $0.08 during trading on Friday, reaching $10.15. 9,948 shares of the company’s stock were exchanged, compared to its average volume of 20,295. The company has a current ratio of 3.22, a quick ratio of 1.20 and a debt-to-equity ratio of 1.21. Lifetime Brands has a 52-week low of $9.00 and a 52-week high of $19.25. The stock has a market cap of $206.79 million, a price-to-earnings ratio of 14.30 and a beta of 0.95.

The firm also recently declared a quarterly dividend, which will be paid on Friday, February 15th. Investors of record on Friday, February 1st will be given a dividend of $0.0425 per share. The ex-dividend date is Thursday, January 31st. This represents a $0.17 dividend on an annualized basis and a yield of 1.67%. Lifetime Brands’s dividend payout ratio (DPR) is 23.94%.

A number of hedge funds have recently modified their holdings of the business. Olstein Capital Management L.P. lifted its holdings in Lifetime Brands by 5.3% in the 3rd quarter. Olstein Capital Management L.P. now owns 215,000 shares of the company’s stock worth $2,344,000 after buying an additional 10,800 shares in the last quarter. Rhumbline Advisers acquired a new position in Lifetime Brands in the 2nd quarter worth $150,000. Northern Trust Corp lifted its holdings in Lifetime Brands by 20.0% in the 2nd quarter. Northern Trust Corp now owns 149,815 shares of the company’s stock worth $1,896,000 after buying an additional 24,996 shares in the last quarter. Teton Advisors Inc. lifted its holdings in Lifetime Brands by 67.1% in the 3rd quarter. Teton Advisors Inc. now owns 141,451 shares of the company’s stock worth $1,542,000 after buying an additional 56,803 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Lifetime Brands by 15.2% in the 2nd quarter. BlackRock Inc. now owns 850,187 shares of the company’s stock worth $10,754,000 after buying an additional 111,957 shares in the last quarter. Hedge funds and other institutional investors own 46.18% of the company’s stock.

WARNING: This piece was posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The legal version of this piece can be accessed at https://theolympiareport.com/2018/11/10/lifetime-brands-lcut-issues-earnings-results-misses-expectations-by-0-36-eps.html.

Lifetime Brands Company Profile

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 three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

See Also: What is a conference call?

Earnings History for Lifetime Brands (NASDAQ:LCUT)

Receive News & Ratings for Lifetime Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands and related companies with MarketBeat.com's FREE daily email newsletter.