Lifetime Brands (LCUT) Set to Announce Quarterly Earnings on Thursday

Lifetime Brands (NASDAQ:LCUT) is scheduled to be announcing its earnings results after the market closes on Thursday, November 7th. Analysts expect the company to announce earnings of $0.38 per share for the quarter. Lifetime Brands has set its FY 2024 guidance at 0.690-0.780 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Lifetime Brands (NASDAQ:LCUT) last released its earnings results on Thursday, August 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.01). The company had revenue of $141.67 million during the quarter, compared to analysts’ expectations of $41.90 million. Lifetime Brands had a negative net margin of 2.58% and a positive return on equity of 4.51%. During the same quarter last year, the business posted ($0.02) earnings per share. On average, analysts expect Lifetime Brands to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Lifetime Brands Price Performance

LCUT stock traded up $0.21 during mid-day trading on Tuesday, reaching $6.13. The company had a trading volume of 26,246 shares, compared to its average volume of 76,673. The firm has a fifty day simple moving average of $6.38 and a 200 day simple moving average of $8.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.35 and a quick ratio of 0.92. Lifetime Brands has a fifty-two week low of $5.25 and a fifty-two week high of $11.68.

Wall Street Analysts Forecast Growth

LCUT has been the subject of a number of recent research reports. Canaccord Genuity Group decreased their price target on shares of Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research note on Friday, October 18th. StockNews.com raised Lifetime Brands from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th. Finally, DA Davidson raised their target price on Lifetime Brands from $13.50 to $14.00 and gave the stock a “buy” rating in a research report on Monday, August 12th.

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.