Signet Jewelers Ltd. (NYSE:SIG) Expected to Announce Earnings of $3.27 Per Share

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Equities research analysts forecast that Signet Jewelers Ltd. (NYSE:SIG) will report earnings of $3.27 per share for the current fiscal quarter, according to Zacks. Zero analysts have provided estimates for Signet Jewelers’ earnings, with the highest EPS estimate coming in at $3.47 and the lowest estimate coming in at $3.07. Signet Jewelers posted earnings of $3.96 per share during the same quarter last year, which suggests a negative year over year growth rate of 17.4%. The company is expected to report its next quarterly earnings results on Wednesday, April 1st.

According to Zacks, analysts expect that Signet Jewelers will report full-year earnings of $3.41 per share for the current fiscal year, with EPS estimates ranging from $3.18 to $3.64. For the next financial year, analysts expect that the business will report earnings of $3.67 per share, with EPS estimates ranging from $3.60 to $3.73. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Signet Jewelers.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, December 5th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($1.07) by $0.31. Signet Jewelers had a positive return on equity of 20.27% and a negative net margin of 3.09%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.14 billion. During the same period last year, the business posted ($1.06) earnings per share. The business’s revenue for the quarter was down .3% on a year-over-year basis.

A number of analysts have issued reports on SIG shares. Wells Fargo & Co raised their target price on Signet Jewelers from $12.00 to $18.00 and gave the stock an “underweight” rating in a research report on Friday. Citigroup raised their target price on Signet Jewelers from $13.00 to $22.00 and gave the stock a “sell” rating in a research report on Friday. Telsey Advisory Group raised their target price on Signet Jewelers from $20.00 to $32.00 and gave the stock a “market perform” rating in a research report on Friday. Finally, ValuEngine downgraded Signet Jewelers from a “sell” rating to a “strong sell” rating in a research report on Saturday. Three research analysts have rated the stock with a sell rating and five have issued a hold rating to the company’s stock. Signet Jewelers currently has a consensus rating of “Hold” and an average price target of $20.67.

NYSE:SIG traded down $0.61 during trading hours on Friday, reaching $29.52. The stock had a trading volume of 6,271,404 shares, compared to its average volume of 3,175,887. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.30 and a current ratio of 2.12. The stock has a 50 day simple moving average of $20.34 and a 200 day simple moving average of $17.11. Signet Jewelers has a 12-month low of $10.40 and a 12-month high of $31.44. The stock has a market cap of $1.58 billion, a P/E ratio of -6.87, a price-to-earnings-growth ratio of 1.27 and a beta of 1.09.

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Friday, January 31st will be given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.01%. The ex-dividend date of this dividend is Thursday, January 30th. Signet Jewelers’s dividend payout ratio (DPR) is presently 39.78%.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Signet Jewelers by 105.2% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock valued at $35,000 after purchasing an additional 1,000 shares in the last quarter. Rational Advisors LLC grew its position in shares of Signet Jewelers by 277.1% in the third quarter. Rational Advisors LLC now owns 2,285 shares of the company’s stock valued at $38,000 after purchasing an additional 1,679 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in shares of Signet Jewelers in the second quarter valued at $43,000. FNY Investment Advisers LLC bought a new stake in Signet Jewelers during the third quarter valued at $77,000. Finally, Point72 Hong Kong Ltd boosted its stake in Signet Jewelers by 77.2% during the second quarter. Point72 Hong Kong Ltd now owns 4,817 shares of the company’s stock valued at $86,000 after buying an additional 2,098 shares during the period.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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