Lifetime Brands, Inc. (NASDAQ:LCUT) Shares Will Pay Quarterly Dividend of $0.04

Key Points

• Lifetime Brands declared a quarterly dividend of $0.0425 per share, payable November 13 to shareholders of record October 30. The dividend is annualized at $0.17, yielding approximately 2.0%.
• The company’s dividend appears well covered, with a 34.7% payout ratio and analysts expecting earnings of $1.07 per share next year, implying a projected payout ratio of 15.9%.
• Lifetime Brands reported quarterly EPS of $1.18, far exceeding the $0.21 loss analysts expected, while revenue of $141.57 million also surpassed estimates. Analysts maintain an average “Hold” rating with a $9.50 price target.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) announced a quarterly dividend on Tuesday, August 4th. Stockholders of record on Friday, October 30th will be paid a dividend of $0.0425 per share on Friday, November 13th. This represents a $0.17 annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Friday, October 30th.

Lifetime Brands has a dividend payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lifetime Brands to earn $1.07 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 15.9%.

Lifetime Brands Trading Up 1.4%

Shares of NASDAQ LCUT opened at $8.40 on Wednesday. The firm has a market cap of $193.11 million, a PE ratio of 5.87 and a beta of 1.01. Lifetime Brands has a 1-year low of $2.90 and a 1-year high of $10.17. The company has a fifty day moving average price of $8.86 and a 200 day moving average price of $7.06.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.18 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.21) by $1.39. The firm had revenue of $141.57 million for the quarter, compared to the consensus estimate of $136.64 million. Equities research analysts forecast that Lifetime Brands will post 2.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on LCUT shares. Canaccord Genuity Group raised their price target on shares of Lifetime Brands from $6.00 to $7.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Zacks Research downgraded shares of Lifetime Brands from a "strong-buy" rating to a "hold" rating in a research report on Friday, October 9th. Weiss Ratings cut Lifetime Brands from a "hold (c)" rating to a "hold (c-)" rating in a research note on Friday. Finally, Roth Capital reiterated a "buy" rating and issued a $12.00 price target on shares of Lifetime Brands in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $9.50.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells a broad range of kitchenware, tableware, and home products. Its offerings include cookware, bakeware, cutlery, kitchen tools and gadgets, food storage and pantry products, barware, coffee and tea accessories, and dining and entertaining products.

The company markets products under a portfolio of owned, licensed, and private-label brands, including Farberware, Mikasa, Pfaltzgraff, KitchenAid, Taylor, Rabbit, Chicago Cutlery, Kamenstein, and Towle.

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