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

Ausiliatrice Cristiano
Agosto 9, 2017

The company reported ($0.11) earnings per share for the quarter, topping the consensus estimate of ($0.13) by $0.02. BidaskClub raised shares of Lifetime Brands from a "strong sell" rating to a "sell" rating in a report on Tuesday, July 11th. Renaissance Technologies LLC now owns 213,100 shares of the company's stock worth $4,283,000 after buying an additional 73,100 shares in the last quarter. Teachers Advisors LLC increased its stake in Lifetime Brands by 9.7% in the fourth quarter. The ex-dividend date is set for Friday the 28th of July 2017.

"We are pleased with the company's results for the second quarter, which generally matched our expectations, despite a hard retail environment", said Jeffrey Siegel, Lifetime Brands chairman and CEO.

The global provider of branded kitchenware, tableware and other products, including Farberware and KitchenAid, posted net sales of $117.4 million for the second quarter, compared to $118.1 million during the same quarter past year. Sidoti upgraded shares of Lifetime Brands from a "neutral" rating to a "buy" rating in a research note on Friday, May 26th. TFS Capital LLC acquired a new stake in Lifetime Brands during the first quarter valued at approximately $376,000. (NASDAQ LCUT) traded down 0.026% on Monday, hitting $18.895. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Lifetime Brands by 3.1% in the first quarter.

A number of research analysts have recently issued reports on the stock. Lifetime Brands had a return on equity of 10.81% and a net margin of 3.14%. During the same quarter a year ago, the business posted ($0.24) EPS. Barrow Hanley Mewhinney & Strauss LLC now owns 46,323 shares of the company's stock worth $931,000 after buying an additional 1,390 shares during the period.

Net loss was $2.1 million, or $0.14 per diluted share, as compared to a net loss of $1.2 million, or $0.08 per diluted share, in the corresponding period in 2016. Lifetime Brands, Inc. has a one year low of $12.03 and a one year high of $21.20. On average, analysts expect that Lifetime Brands will post $1.51 EPS for the current fiscal year. This represents a $0.17 dividend on an annualized basis and a yield of 0.90%. American International Group Inc. now owns 6,802 shares of the company's stock valued at $137,000 after buying an additional 449 shares during the last quarter. Finally, ClariVest Asset Management LLC boosted its position in Lifetime Brands by 693.6% in the second quarter.

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Lifetime Brands, Inc designs, sources and sells branded kitchenware, tableware and other products used in the home. In the U.S. Wholesale segment, the Company designs, markets and distributes its products to retailers and distributors.

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