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Lifetime Brands (LCUT) Issues Earnings Results |

Lifetime Brands (LCUT) Issues Earnings Results

Lifetime Brands (NASDAQ:LCUT) issued its quarterly earnings results on Thursday, November 8th. The company reported $0.40 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.76 by ($0.36), MarketWatch Earnings reports. Lifetime Brands had a negative net margin of 1.59% and a positive return on equity of 0.52%. The firm had revenue of $209.45 million for the quarter. Lifetime Brands updated its FY 2018 guidance to EPS.


Lifetime Brands stock opened at $11.94 on Monday. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.38 and a current ratio of 3.09. The stock has a market capitalization of $247.90 million, a PE ratio of 16.82 and a beta of 1.01. Lifetime Brands has a 52 week low of $9.00 and a 52 week high of $19.25.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 15th. Stockholders of record on Friday, February 1st will be paid a $0.0425 dividend. The ex-dividend date is Thursday, January 31st. This represents a $0.17 dividend on an annualized basis and a dividend yield of 1.42%. Lifetime Brands’s payout ratio is presently 23.94%.

In other Lifetime Brands news, major shareholder Centre Partners V, L.P. acquired 7,960 shares of the company’s stock in a transaction dated Wednesday, November 14th. The shares were acquired at an average cost of $10.37 per share, for a total transaction of $82,545.20. The purchase was disclosed in a legal filing with the Securities Exchange Commission, which is accessible through the SEC website. Insiders bought 24,473 shares of company stock worth $257,842 over the last quarter. 41.70% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the stock. Rhumbline Advisers bought a new stake in shares of Lifetime Brands in the 2nd quarter valued at approximately $150,000. Teton Advisors Inc. bought a new stake in shares of Lifetime Brands in the 2nd quarter valued at approximately $1,071,000. Russell Investments Group Ltd. bought a new stake in shares of Lifetime Brands in the 2nd quarter valued at approximately $1,540,000. Boston Partners bought a new stake in shares of Lifetime Brands in the 2nd quarter valued at approximately $1,895,000. Finally, Northern Trust Corp grew its stake in shares of Lifetime Brands by 20.0% in the 2nd quarter. Northern Trust Corp now owns 149,815 shares of the company’s stock valued at $1,896,000 after purchasing an additional 24,996 shares during the period. Hedge funds and other institutional investors own 46.48% of the company’s stock.

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About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

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