FY2024 EPS Estimates for Lifetime Brands Reduced by Analyst

Lifetime Brands, Inc. (NASDAQ:LCUT) – Stock analysts at Sidoti Csr reduced their FY2024 earnings per share (EPS) 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 earn $0.48 per share for the year, down from their prior forecast 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 analysts have also recently weighed in on LCUT. DA Davidson cut shares of Lifetime Brands from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $11.50 to $6.75 in a report on Monday, February 3rd. StockNews.com lowered Lifetime Brands from a “buy” rating to a “hold” rating in a report on Tuesday, February 4th.

Lifetime Brands Stock Up 3.5 %

Shares of NASDAQ:LCUT opened at $5.00 on Wednesday. The company has a fifty day simple moving average of $5.56 and a 200 day simple moving average of $6.04. The firm has a market cap of $110.79 million, a PE ratio of -5.05, a price-to-earnings-growth ratio of 0.48 and a beta of 1.28. Lifetime Brands has a 12-month low of $4.71 and a 12-month high of $11.68. 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 Investors Weigh In On Lifetime Brands

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Jane Street Group LLC acquired a new position in Lifetime Brands during the third quarter valued at approximately $67,000. Geode Capital Management LLC raised its position in Lifetime Brands by 3.9% during the third quarter. Geode Capital Management LLC now owns 294,291 shares of the company’s stock worth $1,925,000 after acquiring an additional 11,118 shares in the last quarter. Barclays PLC lifted its position in shares of Lifetime Brands by 38.7% in the third quarter. Barclays PLC now owns 19,016 shares of the company’s stock valued at $124,000 after buying an additional 5,302 shares during the last quarter. JB Capital Partners LP boosted its holdings in shares of Lifetime Brands by 13.0% during the 3rd quarter. JB Capital Partners LP now owns 940,814 shares of the company’s stock worth $6,106,000 after buying an additional 108,193 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Lifetime Brands by 657.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 18,096 shares of the company’s stock valued at $118,000 after buying an additional 15,708 shares in the last quarter. Institutional investors and hedge funds own 40.62% of the company’s stock.

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.