Lifetime Brands Inc (LCUT) Releases Earnings Results, Misses Expectations By $-0.13 EPS

Lifetime Brands Inc (LCUT) reported quarterly earnings results on Tuesday, May-10-2016. The company reported $-0.24 earnings per share for the quarter, missing the analyst consensus estimate by $-0.13. Analysts had a consensus of $-0.11. The company posted revenue of $110.90 million in the period, compared to analysts expectations of $120.01 million. The company’s revenue was down -5.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.14 EPS.

Many Wall Street Analysts have commented on Lifetime Brands Inc. Lifetime Brands Inc was Downgraded by Sidoti to ” Neutral” on Apr 21, 2016.

Lifetime Brands Inc (LCUT) witnessed a volatile trading activity on Friday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $17.37 and reached the intraday high at $17.66. The bulls started the profit booking and pushed the shares to intraday low of $17.19. The trading session was marked by a volume range of 61,506 shares exchanging hands. The 52-week high of the shares is $17.8 and the 52-week low is $11.29. The market cap of the company stands at $246 M and there are 1,40,30,645 shares in public circulation.

In a different news, on Mar 23, 2016, Ronald Shiftan (Vice Chairman of Board & COO) sold 5,616 shares at $13.12 per share price. According to the SEC, on Mar 21, 2016, Jeffrey Siegel (Chairman of the Board & CEO) sold 12,843 shares at $12.74 per share price. On Dec 2, 2015, James Wells (EVP and Pres. of Kitchenware) sold 2,000 shares at $13.84 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.

Lifetime Brands Inc

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