Lifetime Brands (LCUT) Issues Quarterly Earnings Results, Misses Estimates By $0.22 EPS
Lifetime Brands (NASDAQ:LCUT) posted its quarterly earnings data on Thursday. The company reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.77 by ($0.22), MarketWatch Earnings reports. Lifetime Brands had a negative net margin of 1.59% and a positive return on equity of 0.52%. The firm had revenue of $228.27 million during the quarter.
NASDAQ:LCUT traded up $0.04 during trading hours on Friday, hitting $9.34. The company had a trading volume of 47,200 shares, compared to its average volume of 16,280. The company has a quick ratio of 1.38, a current ratio of 3.09 and a debt-to-equity ratio of 1.29. The stock has a market cap of $188.10 million, a P/E ratio of 100.67 and a beta of 0.99. Lifetime Brands has a 1 year low of $8.01 and a 1 year high of $14.62.
Several research analysts recently commented on LCUT shares. BidaskClub raised Lifetime Brands from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 7th. ValuEngine cut Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, February 4th.
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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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