Lifetime Brands (NASDAQ:LCUT) Announces Earnings Results, Beats Estimates By $0.05 EPS

Lifetime Brands (NASDAQ:LCUT) issued its earnings results on Thursday. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05, Zacks reports. 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%.

Lifetime Brands Stock Up 3.7 %

Shares of LCUT stock traded up $0.18 during trading hours on Friday, hitting $4.99. 20,057 shares of the company were exchanged, compared to its average volume of 67,428. Lifetime Brands has a 52 week low of $4.71 and a 52 week high of $11.68. 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 business has a 50 day moving average of $5.48 and a two-hundred day moving average of $5.96. The company has a market capitalization of $110.47 million, a PE ratio of -5.06, a PEG ratio of 0.48 and a beta of 1.35.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on LCUT shares. DA Davidson cut shares of Lifetime Brands from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $11.50 to $6.75 in a research report on Monday, February 3rd. StockNews.com downgraded Lifetime Brands from a “buy” rating to a “hold” rating in a 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.