Signet Jewelers Limited (SIG) Releases Earnings Results, Misses Estimates By $0.63 EPS

Signet Jewelers Limited (NYSE:SIG) issued its quarterly earnings data on Thursday, May 25th. The company reported $1.03 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.66 by $0.63, MarketWatch Earnings reports. The firm had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The company’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.95 EPS. Signet Jewelers Limited updated its FY18 guidance to 7.00-7.40 EPS.

Shares of Signet Jewelers Limited (NYSE:SIG) traded up 0.88% during trading on Friday, reaching $60.44. 2,190,005 shares of the company traded hands. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $101.46. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 9.60 and a beta of 1.03. The firm’s 50 day moving average price is $58.66 and its 200-day moving average price is $72.93.

Earnings History for Signet Jewelers Limited (NYSE:SIG)

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Investors of record on Friday, July 28th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.05%. The ex-dividend date is Wednesday, July 26th. Signet Jewelers Limited’s payout ratio is 19.97%.

SIG has been the subject of a number of research analyst reports. Wells Fargo & Company set a $97.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a research report on Saturday, March 11th. Instinet restated a “buy” rating and set a $92.00 price objective (down previously from $100.00) on shares of Signet Jewelers Limited in a research report on Saturday, March 11th. Royal Bank of Canada set a $63.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a research report on Friday, May 26th. Bank of America Corporation reaffirmed a “buy” rating and issued a $75.00 price target (down previously from $90.00) on shares of Signet Jewelers Limited in a report on Sunday, May 28th. Finally, Northcoast Research reaffirmed a “hold” rating on shares of Signet Jewelers Limited in a report on Saturday, March 11th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $79.56.

In other Signet Jewelers Limited news, Director H. Todd Stitzer bought 2,090 shares of Signet Jewelers Limited stock in a transaction on Wednesday, May 31st. The shares were bought at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the acquisition, the director now directly owns 16,823 shares in the company, valued at $805,989.93. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.52% of the stock is owned by corporate insiders.

Several large investors have recently made changes to their positions in the stock. Engine Capital Management LLC purchased a new stake in shares of Signet Jewelers Limited during the fourth quarter worth approximately $5,000,000. SRB Corp increased its stake in shares of Signet Jewelers Limited by 27.0% in the third quarter. SRB Corp now owns 1,654 shares of the company’s stock worth $123,000 after buying an additional 352 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new stake in shares of Signet Jewelers Limited during the first quarter worth approximately $115,000. James Investment Research Inc. purchased a new stake in shares of Signet Jewelers Limited during the first quarter worth approximately $133,000. Finally, Virtus Investment Advisers Inc. purchased a new stake in shares of Signet Jewelers Limited during the third quarter worth approximately $146,000.

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Signet Jewelers Limited Company Profile

Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.

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