Lifetime Brands FY2025 EPS Forecast Decreased by Sidoti Csr

Lifetime Brands, Inc. (NASDAQ:LCUT) – Analysts at Sidoti Csr cut their FY2025 EPS estimates for Lifetime Brands in a note issued to investors 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 estimate of $0.77. The consensus estimate for Lifetime Brands’ current full-year earnings is $0.55 per share.

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

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

Lifetime Brands Trading Up 2.1 %

Shares of LCUT opened at $5.85 on Wednesday. The firm’s 50-day moving average price is $5.91 and its 200-day moving average price is $6.61. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88. The firm has a market capitalization of $129.64 million, a price-to-earnings ratio of -5.91, a PEG ratio of 0.50 and a beta of 1.27. Lifetime Brands has a 1-year low of $5.25 and a 1-year high of $11.68.

Lifetime Brands Announces Dividend

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

Institutional Trading of Lifetime Brands

Several hedge funds and other institutional investors have recently made changes to their positions in LCUT. Barclays PLC boosted its holdings in Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after acquiring an additional 5,302 shares in the last quarter. Hohimer Wealth Management LLC purchased a new position in shares of Lifetime Brands in the 3rd quarter worth about $133,000. Geode Capital Management LLC boosted its stake in Lifetime Brands by 3.9% in the 3rd quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after purchasing an additional 11,118 shares in the last quarter. Jane Street Group LLC purchased a new stake in Lifetime Brands during the 3rd quarter valued at about $67,000. Finally, SageView Advisory Group LLC increased its stake in Lifetime Brands by 89.3% during the 3rd quarter. SageView Advisory Group LLC now owns 24,421 shares of the company’s stock valued at $160,000 after purchasing an additional 11,521 shares in the last quarter. Hedge funds and other institutional investors own 40.62% of the company’s stock.

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.