Sidoti Csr Reduces Earnings Estimates for Lifetime Brands

Lifetime Brands, Inc. (NASDAQ:LCUT) – Equities researchers at Sidoti Csr reduced their FY2024 earnings estimates for shares of Lifetime Brands in a research report issued on Tuesday, March 4th. Sidoti Csr analyst A. Lebiedzinski now expects that the company will post earnings per share of $0.48 for the year, down from their previous estimate of $0.55. The consensus estimate for Lifetime Brands’ current full-year earnings is $0.55 per share. Sidoti Csr also issued estimates for Lifetime Brands’ Q4 2024 earnings at $0.45 EPS, Q3 2025 earnings at $0.34 EPS, Q4 2025 earnings at $0.47 EPS, FY2025 earnings at $0.59 EPS, Q1 2026 earnings at ($0.07) EPS, Q2 2026 earnings at ($0.03) EPS, Q3 2026 earnings at $0.42 EPS, Q4 2026 earnings at $0.56 EPS and FY2026 earnings at $0.89 EPS.

A number of other research analysts have also recently issued reports on LCUT. StockNews.com cut shares of Lifetime Brands from a “buy” rating to a “hold” rating in a research report on Tuesday, February 4th. DA Davidson cut shares of Lifetime Brands from a “buy” rating to a “neutral” rating and lowered their price target for the company from $11.50 to $6.75 in a research report on Monday, February 3rd.

Lifetime Brands Trading Down 1.0 %

NASDAQ:LCUT opened at $4.83 on Wednesday. Lifetime Brands has a 12 month low of $4.71 and a 12 month high of $11.68. The stock has a market cap of $107.02 million, a price-to-earnings ratio of -4.88, a P/E/G ratio of 0.48 and a beta of 1.28. The company has a 50-day moving average price of $5.58 and a 200-day moving average price of $6.05. The company has a current ratio of 2.36, a quick ratio of 0.97 and a debt-to-equity ratio of 0.88.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Empowered Funds LLC raised its holdings in Lifetime Brands by 5.3% in the third quarter. Empowered Funds LLC now owns 96,093 shares of the company’s stock worth $628,000 after buying an additional 4,824 shares during the last quarter. Barclays PLC raised its holdings in Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock worth $124,000 after buying an additional 5,302 shares during the last quarter. Hsbc Holdings PLC raised its holdings in Lifetime Brands by 84.9% in the fourth quarter. Hsbc Holdings PLC now owns 21,625 shares of the company’s stock worth $128,000 after buying an additional 9,932 shares during the last quarter. SageView Advisory Group LLC raised its holdings in Lifetime Brands by 41.8% in the fourth quarter. SageView Advisory Group LLC now owns 34,640 shares of the company’s stock worth $205,000 after buying an additional 10,219 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in Lifetime Brands in the third quarter worth about $67,000. 40.62% of the stock is owned by hedge funds and other institutional investors.

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.