Lifetime Brands (NASDAQ:LCUT) Posts Earnings Results, Beats Expectations By $0.05 EPS

Lifetime Brands (NASDAQ:LCUT) issued its quarterly earnings results on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.05, Zacks reports. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%.

Lifetime Brands Stock Up 1.2 %

Shares of LCUT opened at $5.19 on Thursday. The firm has a 50 day simple moving average of $5.49 and a two-hundred day simple moving average of $5.97. The company has a market cap of $114.99 million, a P/E ratio of -5.24, a P/E/G ratio of 0.48 and a beta of 1.35. Lifetime Brands has a one year low of $4.71 and a one year high of $11.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. DA Davidson downgraded Lifetime Brands from a “buy” rating to a “neutral” rating and cut their target price for the company from $11.50 to $6.75 in a research report on Monday, February 3rd. StockNews.com downgraded Lifetime Brands from a “buy” rating to a “hold” rating in a research note on Tuesday, February 4th.

Lifetime Brands Company Profile

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the worldwide. The company provides kitchenware products, including kitchen tools and gadgets, cutlery, kitchen scales, thermometers, cutting boards, shears, cookware, pantryware, spice racks, and bakeware; and tableware products comprising dinnerware, stemware, flatware, and giftware.