Lifetime Brands, Inc. (NASDAQ:LCUT) Plans Quarterly Dividend of $0.04

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Friday, March 8th, Zacks reports. Stockholders of record on Wednesday, May 1st will be paid a dividend of 0.043 per share on Wednesday, May 15th. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date of this dividend is Tuesday, April 30th.

Lifetime Brands has a payout ratio of 18.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Lifetime Brands to earn $1.14 per share next year, which means the company should continue to be able to cover its $0.17 annual dividend with an expected future payout ratio of 14.9%.

Lifetime Brands Stock Down 0.2 %

Shares of LCUT stock traded down $0.02 during trading hours on Friday, reaching $9.59. 28,023 shares of the company’s stock were exchanged, compared to its average volume of 55,571. The stock’s 50 day moving average is $9.88 and its 200-day moving average is $7.82. The company has a market cap of $209.16 million, a price-to-earnings ratio of -24.59, a P/E/G ratio of 0.95 and a beta of 1.35. The company has a current ratio of 2.48, a quick ratio of 1.24 and a debt-to-equity ratio of 0.85. Lifetime Brands has a fifty-two week low of $4.31 and a fifty-two week high of $11.08.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings results on Tuesday, March 12th. The company reported $0.29 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.03). The business had revenue of $203.14 million for the quarter, compared to analyst estimates of $196.48 million. Lifetime Brands had a positive return on equity of 4.84% and a negative net margin of 1.23%. Analysts predict that Lifetime Brands will post 0.72 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on LCUT. DA Davidson boosted their price objective on shares of Lifetime Brands from $9.50 to $11.50 and gave the company a “buy” rating in a report on Monday, March 25th. TheStreet raised shares of Lifetime Brands from a “d+” rating to a “c-” rating in a report on Monday, March 11th. Finally, Canaccord Genuity Group boosted their price objective on shares of Lifetime Brands from $8.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, March 13th.

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.