Lifetime Brands, Inc. (NASDAQ:LCUT – Get Free Report) declared a quarterly dividend on Tuesday, November 3rd. Shareholders of record on Friday, January 29th will be paid a dividend of $0.0425 per share on Friday, February 12th. This represents a $0.17 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Friday, January 29th.
Lifetime Brands has a dividend payout ratio of 34.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Lifetime Brands to earn $1.07 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 15.9%.
Lifetime Brands Trading Down 12.6%
Shares of LCUT traded down $1.12 during mid-day trading on Thursday, reaching $7.77. 274,373 shares of the company’s stock traded hands, compared to its average volume of 180,738. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.11 and a quick ratio of 0.99. The stock’s 50-day moving average is $8.75 and its two-hundred day moving average is $7.20. Lifetime Brands has a 12 month low of $2.90 and a 12 month high of $10.17. The stock has a market cap of $178.63 million, a P/E ratio of 5.43, a P/E/G ratio of 0.29 and a beta of 1.08.
Lifetime Brands (NASDAQ:LCUT – Get Free Report) last issued its quarterly earnings results on Thursday, November 5th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. Lifetime Brands had a return on equity of 26.39% and a net margin of 4.81%. The firm had revenue of $177.68 million during the quarter, compared to analyst estimates of $173.96 million. Research analysts forecast that Lifetime Brands will post 2.06 earnings per share for the current fiscal year.
About Lifetime Brands
Lifetime Brands, Inc designs, sources, and sells a broad range of kitchenware, tableware, and home products. Its offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage and pantry products, barware, coffee and tea accessories, and dining and entertaining products.
The company markets products under a portfolio of owned, licensed, and private-label brands, including Farberware, Mikasa, Pfaltzgraff, KitchenAid, Taylor, Rabbit, Chicago Cutlery, Kamenstein, and Towle.
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