Lifetime Brands (NASDAQ:LCUT) Releases FY 2021 Earnings Guidance

Lifetime Brands (NASDAQ:LCUT) updated its FY 2021 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $1.420-$1.540 for the period, compared to the Thomson Reuters consensus estimate of $1.380. The company issued revenue guidance of $870 million-$890 million, compared to the consensus revenue estimate of $881.07 million.

Several equities analysts have recently issued reports on the company. Zacks Investment Research upgraded Lifetime Brands from a hold rating to a buy rating and set a $21.00 price target on the stock in a research report on Saturday, November 13th. DA Davidson lifted their price target on Lifetime Brands from $22.00 to $26.50 and gave the company a buy rating in a research report on Monday, November 8th. Finally, TheStreet raised Lifetime Brands from a c rating to a b- rating in a research note on Tuesday, August 24th.

Shares of LCUT traded down $0.09 during trading hours on Thursday, hitting $17.56. 17,496 shares of the company were exchanged, compared to its average volume of 52,858. The company has a market capitalization of $386.64 million, a P/E ratio of 10.52, a PEG ratio of 0.87 and a beta of 1.29. The company has a quick ratio of 0.97, a current ratio of 2.31 and a debt-to-equity ratio of 0.94. The business’s fifty day moving average is $17.97. Lifetime Brands has a one year low of $12.35 and a one year high of $19.93.

Lifetime Brands (NASDAQ:LCUT) last released its quarterly earnings data on Thursday, November 4th. The company reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.21. The business had revenue of $224.78 million during the quarter, compared to analyst estimates of $240.48 million. Lifetime Brands had a return on equity of 15.61% and a net margin of 4.28%. During the same period last year, the company posted $0.65 EPS. Equities analysts anticipate that Lifetime Brands will post 1.5 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, February 14th. Stockholders of record on Monday, January 31st will be paid a dividend of $0.043 per share. This represents a $0.17 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Friday, January 28th. Lifetime Brands’s dividend payout ratio is presently 10.18%.

In other news, Director Craig Phillips sold 8,841 shares of the firm’s stock in a transaction on Monday, September 27th. The stock was sold at an average price of $19.03, for a total value of $168,244.23. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last ninety days, insiders sold 16,041 shares of company stock valued at $290,906. 41.80% of the stock is currently owned by insiders.

An institutional investor recently raised its position in Lifetime Brands stock. Morgan Stanley lifted its holdings in Lifetime Brands, Inc. (NASDAQ:LCUT) by 9,620.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,526 shares of the company’s stock after buying an additional 9,428 shares during the period. Morgan Stanley’s holdings in Lifetime Brands were worth $143,000 as of its most recent SEC filing. Institutional investors own 48.33% of the company’s stock.

Lifetime Brands Company Profile

Lifetime Brands, Inc provides kitchenware and tableware products. It operates through the following segments: U.S. and International. The U.S. segment includes the domestic operations of the Company’s business that design, market and distribute its products to retailers, distributors and directly to consumers through retail websites.

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