Lifetime Brands, Inc. (LCUT) To Go Ex-Dividend on January 31st

Lifetime Brands, Inc. (NASDAQ:LCUT) announced a quarterly dividend on Tuesday, November 5th,Zacks Dividends reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.043 per share on Friday, February 14th. This represents a $0.17 annualized dividend and a dividend yield of 2.79%. The ex-dividend date of this dividend is Friday, January 31st.

Lifetime Brands has a payout ratio of 23.6% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Lifetime Brands stock opened at $6.16 on Wednesday. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.97 and a current ratio of 2.36. Lifetime Brands has a 12 month low of $5.25 and a 12 month high of $11.68. The stock’s 50-day moving average is $5.96 and its 200-day moving average is $6.51.

Lifetime Brands (NASDAQ:LCUT) last issued its earnings results on Thursday, November 7th. The company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $183.84 million during the quarter, compared to analysts’ expectations of $193.90 million. Lifetime Brands had a positive return on equity of 3.13% and a negative net margin of 3.19%. During the same period in the previous year, the company earned $0.36 EPS. Equities research analysts anticipate that Lifetime Brands will post 0.55 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on LCUT. StockNews.com raised shares of Lifetime Brands from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. DA Davidson cut their price objective on Lifetime Brands from $14.00 to $11.50 and set a “buy” rating on the stock in a research note on Wednesday, December 11th. Finally, Canaccord Genuity Group decreased their target price on Lifetime Brands from $10.00 to $9.00 and set a “buy” rating for the company in a research report on Friday, October 18th.

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.