Lifetime Brands (NASDAQ:LCUT) Issues FY 2019 Earnings Guidance

Lifetime Brands (NASDAQ:LCUT) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $0.50-0.62 for the period. The company issued revenue guidance of $755-760 million.

A number of research analysts recently commented on the company. ValuEngine downgraded Lifetime Brands from a hold rating to a sell rating in a research note on Monday, June 3rd. Zacks Investment Research upgraded Lifetime Brands from a sell rating to a hold rating in a research note on Thursday, July 11th.

LCUT traded up $0.12 during trading on Friday, reaching $8.00. 5,066 shares of the company were exchanged, compared to its average volume of 19,430. The firm has a market capitalization of $164.87 million, a PE ratio of 14.59, a P/E/G ratio of 0.94 and a beta of 1.28. The business’s 50 day moving average price is $9.16. The company has a debt-to-equity ratio of 1.36, a quick ratio of 1.12 and a current ratio of 2.96. Lifetime Brands has a 52 week low of $7.15 and a 52 week high of $12.40.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, August 8th. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.14) by ($0.08). Lifetime Brands had a positive return on equity of 3.99% and a negative net margin of 0.06%. The business had revenue of $142.54 million for the quarter, compared to analyst estimates of $153.11 million. On average, analysts forecast that Lifetime Brands will post 0.56 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st will be given a dividend of $0.043 per share. This represents a $0.17 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date is Wednesday, July 31st. This is a positive change from Lifetime Brands’s previous quarterly dividend of $0.04. Lifetime Brands’s payout ratio is 60.71%.

In other Lifetime Brands news, major shareholder Centre Partners V, L.P. purchased 3,670 shares of Lifetime Brands stock in a transaction on Monday, May 13th. The stock was bought at an average price of $9.45 per share, for a total transaction of $34,681.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 112,078 shares of company stock valued at $1,070,309 in the last quarter. 44.70% of the stock is currently owned by insiders.

About Lifetime Brands

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 two segments, U.S. and International. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantryware, spice racks, and bakeware, as well as kitchen scales; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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