Ultime notizie per Lifetime Brands (NASDAQ:LCUT) Azioni

Lifetime Brands

Lifetime Brands Inc is a U.S. based company that designs, sources, and sells branded kitchenware, tableware, and other products used in the home and markets its products under brands such as Farberware, KitchenAid, Mikasa, and others. The company markets and sells its products principally on a wholesale basis to retailers. It also markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred, and Friends, Built NY, and others. Its products include kitchen tools, gadgets, cutlery, dinnerware, and glassware. The segments of the company are the U.S. and International. It derives a majority of its revenue from the U.S. segment. The company derives maximum revenue from Kitchenware products.

Lifetime Brands Inc

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LCUT

Lifetime Brands shares are trading lower after the company reported worse-than-expected Q3 financial results and lowered its FY24 guidance and Q4 EPS guidance.

Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) reported quarterly earnings of $0.21 per share which missed the analyst consensus estimate of $0.39 by 46.15 percent. The company reported quarterly sales of $183.837 million which missed the analyst consensus estimate of $196.990 million by 6.68 percent. This is a 4.09 percent decrease over sales of $191.669 million the same period last year.

Earnings

Earnings Misses

News

Lifetime Brands Q3 2024 Adj. EPS $0.21 Misses $0.39 Estimate, Sales $183.837M Miss $196.990M Estimate

Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) lowers FY2024 Adj EPS guidance from $0.69-0.78 to $0.51-0.60 vs $0.71 analyst estimate. Lowers FY2024 sales outlook from $690.00 million-730.00 million to $680.00 million-700.00 million vs $693.86 million estimate.

Guidance

Lifetime Brands Lowers FY2024 Adj EPS Guidance from $0.69-0.78 to $0.51-0.60 vs $0.71 Est; Lowers FY2024 Sales Guidance from $690.00M-730.00M to $680.00M-700.00M vs $693.86M Est

Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) lowers FY2024 GAAP EPS guidance from $(0.47)-(0.37) to $(0.75)-(0.65) vs $(0.31) analyst estimate..

Lifetime Brands Lowers FY2024 GAAP EPS Guidance from $(0.47)-(0.37) to $(0.75)-(0.65) vs $(0.31) Est

Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) is gearing up to announce its quarterly earnings on Thursday, 2024-11-07. Here's a quick overview of what investors should know before the release.
Analysts are estimating that Lifetime Brands will report an earnings per share (EPS) of $0.39.
The announcement from Lifetime Brands is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
<h3>Historical Earnings Performance</h3>
Last quarter the company missed EPS by $0.00, which was followed by a 3.61% drop in the share price the next day.
Here's a look at Lifetime Brands's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.03</td>
<td>-0.14</td>
<td>0.33</td>
<td>0.26</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.03</td>
<td>-0.15</td>
<td>0.29</td>
<td>0.36</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>6.0%</td>
<td>1.0%</td>
<td>-3.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730916071_0_0.png" alt="eps graph" />
<h3>Tracking Lifetime Brands's Stock Performance</h3>
Shares of Lifetime Brands were trading at $6.19 as of November 05. Over the last 52-week period, shares are up 2.48%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release. 
<a href="https://www.benzinga.com/quote/LCUT/earnings">To track all earnings releases for Lifetime Brands visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Insights Ahead: Lifetime Brands's Quarterly Earnings

Canaccord Genuity analyst Brian McNamara maintains Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) with a Buy and lowers the price target from $10 to $9.

Price Target

Analyst Ratings

Canaccord Genuity Maintains Buy on Lifetime Brands, Lowers Price Target to $9

Lifetime Brands  Says It Grows Commercial Food Services Business With Expansion Of Its Mikasa Hospitality Portfolio; Secures Agreement With Premium Glassware Brands Royal Leerdam And Onis

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Shares of companies within the consumer discretionary sector are trading higher amid overall market strength following softer-than-expected July PPI figures, which could alleviate some inflation concerns and boost consumer sentiment outlook.

DA Davidson analyst Linda Bolton Weiser maintains Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) with a Buy and raises the price target from $13.5 to $14.

DA Davidson Maintains Buy on Lifetime Brands, Raises Price Target to $14

Lifetime Brands Sees FY24 Adj. EPS $0.69-$0.78 Vs $0.74 Est.; Sales $690M-$730M Vs $705.710M Est.

Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) reported quarterly losses of $(0.03) per share which missed the analyst consensus estimate of $(0.02) by 50 percent. The company reported quarterly sales of $141.700 million which missed the analyst consensus estimate of $144.487 million by 1.93 percent. This is a 3.23 percent decrease over sales of $146.436 million the same period last year.

Lifetime Brands Q2 2024 Adj. EPS $(0.03) Misses $(0.02) Estimate, Sales $141.700M Miss $144.487M Estimate

Lifetime Brands (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/lcut#NASDAQ">LCUT</a>) shares ended the last trading session 5.9% higher at $8.62. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock&#39;s 24.4% loss over the past four weeks.
Lifetime Brands&#39; shares have been gaining on the optimism surrounding its strategic emphasis on operational excellence, supported by effective expense management. LCUT continues to experience strong sell-through rates, highlighting the enduring popularity and compelling value of its product lineup. Furthermore, Lifetime Brands&#39; expansion into the Asia Pacific region is a significant growth catalyst.
This kitchen products company is expected to post quarterly loss of $0.01 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $143.51 million, down 2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Lifetime Brands, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock&#39;s price usually doesn&#39;t keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LCUT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy).
Lifetime Brands is a member of the Zacks Consumer Products - Discretionary industry. One other stock in the same industry, Reynolds Consumer Products (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/reyn#NASDAQ">REYN</a>), finished the last trading session 0.4% lower at $28.28. REYN has returned 3.4% over the past month.
For Reynolds Consumer Products, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.45. This represents a change of +40.6% from what the company reported a year ago. Reynolds Consumer Products currently has a Zacks Rank of #2 (Buy).
<a href="https://www.zacks.com/stock/news/2294785/lifetime-brands-lcut-soars-5-9-is-further-upside-left-in-the-stock?cid=CS-BENZ-FT-tale_of_the_tape|daily_price_change_5%-2294785">To read this article on Zacks.com click here.</a>

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Lifetime Brands Soars 5.9%: Is Further Upside Left in the Stock?

Throughout the last three months, 4 analysts have evaluated Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>), offering a diverse set of opinions from bullish to bearish.
Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">4</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $12.0, a high estimate of $13.50, and a low estimate of $11.00. This current average has increased by 20.0% from the previous average price target of $10.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1715634055_0.png" alt="price target chart" />
<h2>Exploring Analyst Ratings: An In-Depth Overview</h2>
A clear picture of Lifetime Brands's perception among financial experts is painted with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$13.50</td>
<td>$11.50</td>
</tr>
<tr>
<td>Brian McNamara</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$12.00</td>
<td>$11.00</td>
</tr>
<tr>
<td>Linda Bolton Weiser</td>
<td>DA Davidson</td>
<td>Raises</td>
<td>Buy</td>
<td>$11.50</td>
<td>$9.50</td>
</tr>
<tr>
<td>Brian McNamara</td>
<td>Canaccord Genuity</td>
<td>Raises</td>
<td>Buy</td>
<td>$11.00</td>
<td>$8.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Lifetime Brands. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Lifetime Brands compared to the broader market.</li>
<li>Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Lifetime Brands's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
For valuable insights into Lifetime Brands's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/LCUT/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Lifetime Brands analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>All You Need to Know About Lifetime Brands</h2>
Lifetime Brands Inc is a U.S. based company that designs, sources, and sells branded kitchenware, tableware, and other products used in the home and markets its products under brands such as Farberware, KitchenAid, Mikasa, and others. The company markets and sells its products principally on a wholesale basis to retailers. It also markets and sells a limited selection of its products directly to consumers through its Pfaltzgraff, Mikasa, Fred, and Friends, Built NY, and others. Its products include kitchen tools, gadgets, cutlery, dinnerware, and glassware. The segments of the company are the U.S. and International. It derives a majority of its revenue from the U.S. segment. The company derives maximum revenue from Kitchenware products.
<h3>Unraveling the Financial Story of Lifetime Brands</h3>
Market Capitalization Analysis: Falling below industry benchmarks, the company's market capitalization reflects a reduced size compared to peers. This positioning may be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Lifetime Brands's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -1.88%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Consumer Discretionary sector.
Net Margin: Lifetime Brands's net margin excels beyond industry benchmarks, reaching 1.33%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): The company's ROE is a standout performer, exceeding industry averages. With an impressive ROE of 1.18%, the company showcases effective utilization of equity capital.
Return on Assets (ROA): Lifetime Brands's ROA stands out, surpassing industry averages. With an impressive ROA of 0.4%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Lifetime Brands's debt-to-equity ratio stands notably higher than the industry average, reaching 1.23. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.
<h2>Analyst Ratings: What Are They?</h2>
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company's revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Analyst Landscape: 4 Takes On Lifetime Brands

DA Davidson analyst Linda Bolton Weiser maintains Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) with a Buy and raises the price target from $11.5 to $13.5.

DA Davidson Maintains Buy on Lifetime Brands, Raises Price Target to $13.5

Canaccord Genuity analyst Brian McNamara maintains Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) with a Buy and raises the price target from $11 to $12.

Canaccord Genuity Maintains Buy on Lifetime Brands, Raises Price Target to $12

Lifetime Brands Sees FY24 Adj. EPS $0.69-$0.78 vs $0.67 Est., Net Sales $690M-$730M vs $691.09M Est.

Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) reported quarterly losses of $(0.29) per share which missed the analyst consensus estimate of $(0.19) by 52.63 percent. The company reported quarterly sales of $142.242 million which missed the analyst consensus estimate of $144.937 million by 1.86 percent. This is a 2.20 percent decrease over sales of $145.435 million the same period last year.

Lifetime Brands Q1 2024 GAAP EPS $(0.29) Misses $(0.19) Estimate, Sales $142.242M Miss $144.937M Estimate

DA Davidson analyst Linda Bolton Weiser maintains Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) with a Buy and raises the price target from $9.5 to $11.5.

DA Davidson Maintains Buy on Lifetime Brands, Raises Price Target to $11.5

<h3>Gainers</h3>
<ul>
<li>Canoo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOEV#NASDAQ">GOEV</a>) shares increased by 53.9% to $2.98 during Monday's regular session. The market value of their outstanding shares is at $169.9 million. </li>
<li>Chijet Motor Co (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CJET#NASDAQ">CJET</a>) stock increased by 30.61% to $0.64. The company's market cap stands at $102.8 million. </li>
<li>Forward Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FORD#NASDAQ">FORD</a>) shares moved upwards by 30.43% to $0.6. The company's market cap stands at $6.0 million. </li>
<li>Latham Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWIM#NASDAQ">SWIM</a>) stock rose 20.03% to $3.44. The market value of their outstanding shares is at $395.7 million. As per the news, the Q4 earnings report came out 4 days ago. </li>
<li>Inspirato (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISPO#NASDAQ">ISPO</a>) stock increased by 16.83% to $4.72. The market value of their outstanding shares is at $17.3 million. </li>
<li>Soho House (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHCO#NYSE">SHCO</a>) stock rose 15.69% to $5.75. The market value of their outstanding shares is at $1.1 billion. As per the press release, Q4 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Sonder Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOND#NASDAQ">SOND</a>) shares declined by 33.0% to $3.69 during Monday's regular session. The market value of their outstanding shares is at $40.7 million. </li>
<li>Worksport (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>) shares decreased by 31.7% to $0.51. The market value of their outstanding shares is at $10.2 million. </li>
<li>GigaCloud Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GCT#NASDAQ">GCT</a>) shares decreased by 21.56% to $33.85. The market value of their outstanding shares is at $1.3 billion. The company's, Q4 earnings came out yesterday. </li>
<li>JOANN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOAN#NASDAQ">JOAN</a>) stock decreased by 17.5% to $0.19. The market value of their outstanding shares is at $7.9 million. </li>
<li>Jeffs Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JFBR#NASDAQ">JFBR</a>) shares fell 16.54% to $0.35. The company's market cap stands at $1.0 million. </li>
<li>Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) shares decreased by 14.78% to $8.48. The company's market cap stands at $184.9 million. As per the news, the Q4 earnings report came out 4 days ago. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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12 Consumer Discretionary Stocks Moving In Monday's Intraday Session

Canaccord Genuity analyst Brian McNamara maintains Lifetime Brands (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LCUT#NASDAQ">LCUT</a>) with a Buy and raises the price target from $8 to $11.

Canaccord Genuity Maintains Buy on Lifetime Brands, Raises Price Target to $11

Lifetime Brands, Inc. (LCUT) Q2 2024 Earnings Call Transcript

Warning: LCUT is at high risk of performing badly

Lifetime Brands: Rising Private Label Trend May Signal Trouble

This week, several dividend stocks are trading close to their 52-week lows. Here is a list of ten such stocks that are also reaching their ex-divid...

Ex-Dividend Date Nearing for These 10 Stocks – Week of October 28, 2024

Lifetime Brands Non-GAAP EPS of $0.21, revenue of $183.8M

Lifetime Brands declares $0.0425 dividend

Lifetime Brands, Inc. (LCUT) Q3 2024 Earnings Call Transcript

Lifetime Brands ( ($LCUT) ) has released its Q3 earnings. Here is a breakdown of the information Lifetime Brands presented to its investors. Lifeti...

Lifetime Brands Faces Challenges but Sees Growth Potential

Canaccord Genuity analyst Brian McNamara maintained a Buy rating on Lifetime Brands (LCUT – Research Report) yesterday and set a price target of $7...

Optimistic Buy Rating for Lifetime Brands Amidst Challenges and Low Valuation

Lifetime Brands: Manufacturing Capacity Increases, And Extremely Undervalued

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Press Releases

Lifetime Brands to Report First Quarter 2024 Financial Results on Thursday, May 9, 2024

Lifetime Brands, Inc. Reports First Quarter 2024 Financial Results

Lifetime Brands, Inc. Announces Results of 2024 Annual Meeting

Lifetime Brands to Report Second Quarter 2024 Financial Results on Thursday, August 8, 2024

Lifetime Brands, Inc. Reports Second Quarter 2024 Financial Results

Lifetime Brands Announces Participation in the Sidoti Virtual Small-Cap Investor Conference

Lifetime Brands Inc. Grows Commercial Food Services Business with Expansion of its Mikasa Hospitality Portfolio

Events

Lifetime Brands Announces Participation in the MicroCap Rodeo Fall Conference

Lifetime Brands Announces Third Quarter 2024 Financial Results Release Date and Conference Call

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