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

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

LCUT stock traded down $0.09 during trading on Thursday, reaching $17.56. 17,496 shares of the stock were exchanged, compared to its average volume of 52,858. Lifetime Brands has a twelve month low of $12.35 and a twelve month high of $19.93. The firm has a market capitalization of $386.64 million, a P/E ratio of 10.52, a P/E/G ratio of 0.87 and a beta of 1.29. The business’s 50 day simple moving average is $17.97. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.31 and a quick ratio of 0.97.

Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Thursday, November 4th. The company reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.21. The business had revenue of $224.78 million for the quarter, compared to the consensus estimate 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 business earned $0.65 earnings per share. Equities research analysts expect that Lifetime Brands will post 1.5 EPS for the current fiscal year.

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

A number of equities research analysts have weighed in on LCUT shares. Zacks Investment Research raised Lifetime Brands from a hold rating to a buy rating and set a $21.00 price objective on the stock in a report on Saturday, November 13th. TheStreet raised Lifetime Brands from a c rating to a b- rating in a report on Tuesday, August 24th. Finally, DA Davidson lifted their price objective on Lifetime Brands from $22.00 to $26.50 and gave the company a buy rating in a report on Monday, November 8th.

In other news, Director Craig Phillips sold 3,512 shares of the business’s stock in a transaction that occurred on Wednesday, October 27th. The stock was sold at an average price of $16.77, for a total value of $58,896.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders sold a total of 16,041 shares of company stock worth $290,906 over the last three months. 41.80% of the stock is owned by company insiders.

An institutional investor recently raised its position in Lifetime Brands stock. Bank of New York Mellon Corp increased its stake in Lifetime Brands, Inc. (NASDAQ:LCUT) by 9.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 112,451 shares of the company’s stock after purchasing an additional 9,903 shares during the period. Bank of New York Mellon Corp owned 0.51% of Lifetime Brands worth $2,045,000 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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