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

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Shareholders of record on Thursday, May 1st will be given a dividend of 0.0425 per share on Thursday, May 15th. This represents a $0.17 dividend on an annualized basis and a yield of 3.37%. The ex-dividend date is Thursday, May 1st.

Lifetime Brands has a dividend payout ratio of 26.6% indicating that its dividend is sufficiently covered by earnings. Equities 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 Stock Up 5.0 %

Shares of Lifetime Brands stock traded up $0.24 on Friday, hitting $5.05. The company had a trading volume of 60,922 shares, compared to its average volume of 67,581. Lifetime Brands has a 1 year low of $4.71 and a 1 year high of $11.68. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. The stock has a 50 day moving average of $5.48 and a 200-day moving average of $5.96. The stock has a market capitalization of $111.89 million, a price-to-earnings ratio of -5.10, a P/E/G ratio of 0.48 and a beta of 1.35.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, March 13th. The company reported $0.55 earnings per share for the quarter, beating the consensus estimate of $0.50 by $0.05. The business had revenue of $215.21 million for the quarter, compared to analysts’ expectations of $206.60 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. As a group, sell-side analysts forecast that Lifetime Brands will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on LCUT. StockNews.com downgraded shares of Lifetime Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. DA Davidson downgraded Lifetime Brands from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.50 to $6.75 in a research report on Monday, February 3rd.

About Lifetime Brands

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.