Lifetime Brands (LCUT) Releases Earnings Results, Misses Expectations By $0.36 EPS
Lifetime Brands (NASDAQ:LCUT) issued its earnings results on Thursday. The company reported $0.40 earnings per share (EPS) for the quarter, missing the Zacks’ 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 NASDAQ:LCUT traded down $0.08 during trading on Friday, reaching $10.15. 9,948 shares of the stock were exchanged, compared to its average volume of 20,295. The company has a debt-to-equity ratio of 1.21, a quick ratio of 1.20 and a current ratio of 3.22. Lifetime Brands has a 12-month low of $9.00 and a 12-month high of $19.25. The stock has a market capitalization of $206.79 million, a P/E ratio of 14.30 and a beta of 0.95.
The company also recently announced a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be issued a dividend of $0.0425 per share. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date is Thursday, January 31st. Lifetime Brands’s payout ratio is currently 23.94%.
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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 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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