Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on May 1st

Lifetime Brands, Inc. (NASDAQ:LCUT) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Stockholders 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 dividend yield of 3.37%. The ex-dividend date of this dividend is Thursday, May 1st.

Lifetime Brands has a 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 Trading Up 5.0 %

NASDAQ LCUT opened at $5.05 on Friday. The company has a 50-day moving average of $5.46 and a 200-day moving average of $5.93. The company has a market cap of $111.89 million, a P/E ratio of -5.10, a P/E/G ratio of 0.48 and a beta of 1.35. Lifetime Brands has a 12 month low of $4.70 and a 12 month 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.

Lifetime Brands (NASDAQ:LCUT) last posted its earnings results on Thursday, March 13th. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.05. The firm had revenue of $215.21 million during the quarter, compared to the consensus estimate of $206.60 million. Lifetime Brands had a negative net margin of 3.19% and a positive return on equity of 3.13%. As a group, equities analysts predict that Lifetime Brands will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.