Sidoti Csr Decreases Earnings Estimates for Lifetime Brands

Lifetime Brands, Inc. (NASDAQ:LCUT) – Sidoti Csr cut their FY2025 earnings per share estimates for shares of Lifetime Brands in a report issued on Tuesday, January 14th. Sidoti Csr analyst A. Lebiedzinski now anticipates that the company will earn $0.74 per share for the year, down from their prior forecast of $0.77. The consensus estimate for Lifetime Brands’ current full-year earnings is $0.55 per share.

Lifetime Brands (NASDAQ:LCUT) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $183.84 million for the quarter, compared to analysts’ expectations of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same period in the previous year, the firm posted $0.36 EPS.

Other research analysts have also issued reports about the stock. Canaccord Genuity Group cut their target price on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th. DA Davidson dropped their price target on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating for the company in a research note on Wednesday, December 11th. Finally, StockNews.com upgraded Lifetime Brands from a “hold” rating to a “buy” rating in a research report on Monday.

Lifetime Brands Price Performance

LCUT stock opened at $5.85 on Wednesday. The firm has a 50 day simple moving average of $5.91 and a two-hundred day simple moving average of $6.61. The stock has a market cap of $129.64 million, a PE ratio of -5.91, a P/E/G ratio of 0.50 and a beta of 1.27. Lifetime Brands has a one year low of $5.25 and a one year high of $11.68. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.36 and a quick ratio of 0.97.

Institutional Trading of Lifetime Brands

Hedge funds have recently added to or reduced their stakes in the business. JB Capital Partners LP increased its holdings in shares of Lifetime Brands by 13.0% in the third quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares during the period. American Century Companies Inc. grew its position in Lifetime Brands by 88.0% during the 2nd quarter. American Century Companies Inc. now owns 161,252 shares of the company’s stock worth $1,385,000 after acquiring an additional 75,475 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Lifetime Brands by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,216,375 shares of the company’s stock worth $10,449,000 after purchasing an additional 38,471 shares during the period. Bank of New York Mellon Corp lifted its position in Lifetime Brands by 22.8% in the second quarter. Bank of New York Mellon Corp now owns 151,186 shares of the company’s stock valued at $1,299,000 after purchasing an additional 28,104 shares during the last quarter. Finally, Hohimer Wealth Management LLC purchased a new stake in shares of Lifetime Brands during the third quarter valued at approximately $133,000. 40.62% of the stock is owned by institutional investors.

Lifetime Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 14th. Investors of record on Friday, January 31st will be issued a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a dividend yield of 2.94%. The ex-dividend date is Friday, January 31st. Lifetime Brands’s dividend payout ratio is currently -17.17%.

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.