Lifetime Brands (LCUT) to Release Earnings on Thursday

Lifetime Brands (NASDAQ:LCUT) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, November 7th. Analysts expect Lifetime Brands to post earnings of $0.38 per share for the quarter. Lifetime Brands has set its FY 2024 guidance at 0.690-0.780 EPS.Persons interested in listening to the company’s earnings conference call can do so using this link.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, August 8th. The company reported ($0.03) EPS for the quarter, missing the consensus estimate of ($0.02) by ($0.01). The business had revenue of $141.67 million for the quarter, compared to the consensus estimate of $41.90 million. Lifetime Brands had a positive return on equity of 4.51% and a negative net margin of 2.58%. During the same period in the previous year, the firm earned ($0.02) earnings per share. On average, analysts expect Lifetime Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lifetime Brands Price Performance

LCUT stock opened at $6.19 on Wednesday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 0.92 and a current ratio of 2.35. The business has a 50-day simple moving average of $6.36 and a two-hundred day simple moving average of $8.05. The company has a market capitalization of $137.17 million, a P/E ratio of -7.64, a price-to-earnings-growth ratio of 0.58 and a beta of 1.26. Lifetime Brands has a 52-week low of $5.25 and a 52-week high of $11.68.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. DA Davidson increased their price target on Lifetime Brands from $13.50 to $14.00 and gave the company a “buy” rating in a research report on Monday, August 12th. Canaccord Genuity Group lowered their target price on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a report on Friday, October 18th. Finally, StockNews.com upgraded shares of Lifetime Brands from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

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.