Lifetime Brands (LCUT) Releases Quarterly Earnings Results, Misses Expectations By $0.36 EPS

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Lifetime Brands (NASDAQ:LCUT) posted its quarterly earnings data on Thursday. The company reported $0.40 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 firm had revenue of $209.45 million for the quarter. Lifetime Brands updated its FY 2018 guidance to EPS.

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

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

Several institutional investors and hedge funds have recently bought and sold shares of the company. BlackRock Inc. increased its position in shares of Lifetime Brands by 15.2% during the second quarter. BlackRock Inc. now owns 850,187 shares of the company’s stock worth $10,754,000 after buying an additional 111,957 shares during the period. Brown Advisory Inc. acquired a new stake in shares of Lifetime Brands during the second quarter worth $5,165,000. Olstein Capital Management L.P. increased its position in shares of Lifetime Brands by 5.3% during the third 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 during the period. Northern Trust Corp increased its position in shares of Lifetime Brands by 20.0% during the second 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 during the period. Finally, Boston Partners acquired a new stake in shares of Lifetime Brands during the second quarter worth $1,895,000. Institutional investors own 46.18% of the company’s stock.

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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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Earnings History for Lifetime Brands (NASDAQ:LCUT)

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