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

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Tuesday, November 4th. Shareholders of record on Friday, January 30th will be given a dividend of 0.0425 per share on Friday, February 13th. This represents a c) annualized dividend and a yield of 5.6%. The ex-dividend date of this dividend is Friday, January 30th.

Lifetime Brands has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Lifetime Brands to earn $0.74 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 23.0%.

Lifetime Brands Price Performance

NASDAQ:LCUT traded down $0.03 during trading hours on Thursday, hitting $3.05. The company’s stock had a trading volume of 28,913 shares, compared to its average volume of 60,896. The business’s 50-day moving average is $3.73 and its two-hundred day moving average is $3.88. The company has a market capitalization of $68.36 million, a PE ratio of -1.92 and a beta of 1.53. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.94 and a current ratio of 2.65. Lifetime Brands has a 52-week low of $2.89 and a 52-week high of $7.05.

Lifetime Brands (NASDAQ:LCUT) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. Lifetime Brands had a positive return on equity of 0.12% and a negative net margin of 5.16%.The business had revenue of $171.91 million during the quarter, compared to analysts’ expectations of $178.76 million. As a group, research analysts anticipate that Lifetime Brands will post 0.55 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Zacks Research upgraded Lifetime Brands from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 7th. Canaccord Genuity Group dropped their price target on Lifetime Brands from $6.00 to $5.00 and set a “buy” rating for the company in a research report on Friday, August 8th. Weiss Ratings restated a “sell (d-)” rating on shares of Lifetime Brands in a research report on Wednesday, October 8th. Finally, Wall Street Zen cut Lifetime Brands from a “hold” rating to a “sell” rating in a research report on Saturday, August 9th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $5.50.

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.