Lifetime Brands, Inc. (NASDAQ:LCUT) Declares Quarterly Dividend of $0.04

Key Points

• Lifetime Brands, Inc. declared a quarterly dividend of $0.04, with the ex-dividend date set for October 31st and a payment date of November 14th, resulting in an annualized yield of 4.3%.
• The company reported a loss of ($0.50) EPS for the latest quarter, missing analyst expectations, with revenues of $131.86 million, below the consensus estimate of $138.25 million.
• Lifetime Brands has a payout ratio of 34.7%, indicating that its dividend is well-supported by earnings, and is projected to maintain a lower future payout ratio of 23.0% based on anticipated earnings of $0.74 per share next year.

Lifetime Brands, Inc. (NASDAQ:LCUT - Get Free Report) announced a quarterly dividend on Friday, August 8th, Wall Street Journal reports. Stockholders of record on Friday, October 31st will be given a dividend of 0.0425 per share on Friday, November 14th. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Friday, October 31st.

Lifetime Brands has a payout ratio of 34.7% 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 Stock Down 1.3%

NASDAQ:LCUT traded down $0.05 during midday trading on Wednesday, hitting $4.03. 2,955 shares of the company were exchanged, compared to its average volume of 71,138. The company has a current ratio of 2.65, a quick ratio of 0.94 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $90.29 million, a PE ratio of -2.53, a price-to-earnings-growth ratio of 1.86 and a beta of 1.63. Lifetime Brands has a fifty-two week low of $2.89 and a fifty-two week high of $7.72. The company has a fifty day simple moving average of $4.35 and a 200 day simple moving average of $4.42.

Lifetime Brands (NASDAQ:LCUT - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported ($0.50) EPS for the quarter, missing analysts' consensus estimates of ($0.17) by ($0.33). The company had revenue of $131.86 million for the quarter, compared to analysts' expectations of $138.25 million. Lifetime Brands had a positive return on equity of 0.12% and a negative net margin of 5.16%. As a group, equities analysts anticipate that Lifetime Brands will post 0.55 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

LCUT has been the subject of a number of analyst reports. Wall Street Zen lowered shares of Lifetime Brands from a "hold" rating to a "sell" rating in a research report on Saturday. Canaccord Genuity Group decreased their price objective on shares of Lifetime Brands from $6.00 to $5.00 and set a "buy" rating for the company in a report on Friday, August 8th.

Lifetime Brands Company Profile

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.