Lifetime Brands Inc (LCUT) reported quarterly earnings results on Tuesday, Aug-9-2016. The company reported $0.01 EPS for the quarter. Analysts had a consensus estimate of $0.01. The company posted revenue of $118.10 million in the period, compared to analysts expectations of $123.35 million. The company’s revenue was down -2.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.04 EPS.
Many Wall Street Analysts have commented on Lifetime Brands Inc. Lifetime Brands Inc was Upgraded by Sidoti to ” Buy” on May 23, 2016.
Lifetime Brands Inc closed down -0.91 points or -6.12% at $13.97 with 14,165 shares getting traded on Monday. Post opening the session at $15.28, the shares hit an intraday low of $13.91 and an intraday high of $15.28 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Jun 17, 2016, Cherrie Nanninga (director) sold 5,000 shares at $15.89 per share price. According to the SEC, on Jun 13, 2016, Michael J Jeary (director) sold 5,000 shares at $15.89 per share price. On Jun 2, 2016, Ronald Shiftan (Vice Chairman of Board & COO) sold 6,532 shares at $14.83 per share price, according to the Form-4 filing with the securities and exchange commission.
Lifetime Brands Inc. designs sources and sells branded kitchenware tableware and other products used in the home. The Company has three business segments: U.S. Wholesale which is the Company’s primary business that designs markets and distributes its products to retailers and distributors; International which operates certain business operations that are conducted outside the United States; and Retail Direct which markets and sells a limited selection of its products through its Pfaltzgraff Mikasa Built NY Fred & Friends and Lifetime Sterling Internet websites. The Company’s two categories of products include Kitchenware consisting of kitchen tools and gadgets cutlery cutting boards shears cookware and bakeware and Tableware consisting of dinnerware stemware flatware and giftware; and Home Solutions consisting of pantry ware spice racks thermal beverage ware food storage neoprene travel products and home decor.