Lifetime Brands (LCUT) Issues Quarterly Earnings Results, Misses Expectations By $0.22 EPS

Share on StockTwits

Lifetime Brands (NASDAQ:LCUT) released its quarterly earnings results on Thursday. The company reported $0.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.77 by ($0.22), MarketWatch Earnings reports. Lifetime Brands had a positive return on equity of 0.52% and a negative net margin of 1.59%. The firm had revenue of $228.27 million for the quarter.

Lifetime Brands stock traded up $0.07 during mid-day trading on Friday, hitting $9.37. 45,759 shares of the stock were exchanged, compared to its average volume of 16,280. The company has a debt-to-equity ratio of 1.29, a quick ratio of 1.38 and a current ratio of 3.09. Lifetime Brands has a 12 month low of $8.01 and a 12 month high of $14.62. The firm has a market cap of $188.10 million, a price-to-earnings ratio of 100.67 and a beta of 0.99.

Institutional investors have recently added to or reduced their stakes in the business. Resources Investment Advisors Inc. bought a new position in Lifetime Brands during the 4th quarter worth approximately $71,000. Rhumbline Advisers increased its stake in shares of Lifetime Brands by 43.0% in the 4th quarter. Rhumbline Advisers now owns 16,975 shares of the company’s stock valued at $170,000 after acquiring an additional 5,104 shares in the last quarter. Weber Alan W bought a new stake in shares of Lifetime Brands in the 4th quarter valued at $451,000. Geode Capital Management LLC increased its stake in shares of Lifetime Brands by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 118,701 shares of the company’s stock valued at $1,190,000 after acquiring an additional 5,007 shares in the last quarter. Finally, Boston Partners increased its stake in shares of Lifetime Brands by 37.7% in the 4th quarter. Boston Partners now owns 137,969 shares of the company’s stock valued at $1,384,000 after acquiring an additional 37,791 shares in the last quarter. Hedge funds and other institutional investors own 46.91% of the company’s stock.

LCUT has been the subject of several analyst reports. ValuEngine lowered shares of Lifetime Brands from a “hold” rating to a “sell” rating in a report on Monday, February 4th. BidaskClub upgraded shares of Lifetime Brands from a “buy” rating to a “strong-buy” rating in a report on Friday, December 7th.

COPYRIGHT VIOLATION NOTICE: “Lifetime Brands (LCUT) Issues Quarterly Earnings Results, Misses Expectations By $0.22 EPS” was originally published by Ticker Report and is the sole property of of Ticker Report. If you are reading this story on another website, it was illegally stolen and reposted in violation of United States and international copyright law. The correct version of this story can be accessed at https://www.tickerreport.com/banking-finance/4223346/lifetime-brands-lcut-issues-quarterly-earnings-results-misses-expectations-by-0-22-eps.html.

About Lifetime Brands

Lifetime Brands, Inc designs, sources, and sells branded kitchenware, tableware, and other products for use in the home in the United States and internationally. The company operates through three segments: U.S. Wholesale, International, and Retail Direct. It offers kitchenware products, including kitchen tools and gadgets, cutlery, cutting boards, shears, cookware, pantry ware, spice racks, and bakeware, as well as novelty kitchen tools, tableware accessories, party goods, personal accessories, and other products; and tableware products comprising dinnerware, stemware, flatware, and giftware.

Featured Story: What is Depreciation?

Earnings History for Lifetime Brands (NASDAQ:LCUT)

Receive News & Ratings for Lifetime Brands Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lifetime Brands and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Welltrado Price Hits $0.0105
Welltrado Price Hits $0.0105
TAL Education Group  Shares Gap Down to $35.25
TAL Education Group Shares Gap Down to $35.25
Zacks: Brokerages Anticipate Farfetch Ltd  Will Post Quarterly Sales of $199.11 Million
Zacks: Brokerages Anticipate Farfetch Ltd Will Post Quarterly Sales of $199.11 Million
Nectar Price Down 10.3% This Week
Nectar Price Down 10.3% This Week
Blue Apron   Shares Down 8%
Blue Apron Shares Down 8%
ERC20  Market Cap Tops $188,860.00
ERC20 Market Cap Tops $188,860.00


© 2006-2019 Ticker Report