Lifetime Brands (LCUT) Issues Earnings Results, Misses Expectations By $0.36 EPS
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%.
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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.
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