Zacks: Brokerages Anticipate Signet Jewelers Ltd. (NYSE:SIG) Will Announce Earnings of -$1.11 Per Share

Equities research analysts forecast that Signet Jewelers Ltd. (NYSE:SIG) will post ($1.11) earnings per share for the current fiscal quarter, Zacks Investment Research reports. Zero analysts have made estimates for Signet Jewelers’ earnings, with the highest EPS estimate coming in at ($1.10) and the lowest estimate coming in at ($1.11). Signet Jewelers posted earnings per share of ($1.06) in the same quarter last year, which would suggest a negative year over year growth rate of 4.7%. The company is expected to announce its next quarterly earnings report on Thursday, December 5th.

According to Zacks, analysts expect that Signet Jewelers will report full-year earnings of $3.09 per share for the current year, with EPS estimates ranging from $3.08 to $3.09. For the next year, analysts anticipate that the firm will report earnings of $3.16 per share, with EPS estimates ranging from $3.11 to $3.20. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Signet Jewelers.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, September 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.25 by $0.26. Signet Jewelers had a negative net margin of 2.99% and a positive return on equity of 17.75%. The company had revenue of $1.36 billion for the quarter, compared to analyst estimates of $1.34 billion. During the same quarter last year, the firm posted $0.52 earnings per share. The business’s quarterly revenue was down 3.9% on a year-over-year basis.

A number of analysts have recently issued reports on the company. Bank of America dropped their target price on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Friday, September 6th. Zacks Investment Research upgraded shares of Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price target for the company in a research note on Monday, August 12th. ValuEngine upgraded shares of Signet Jewelers from a “sell” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Citigroup dropped their price target on shares of Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, September 6th. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company’s stock. Signet Jewelers currently has a consensus rating of “Hold” and a consensus target price of $24.29.

In other Signet Jewelers news, CEO Virginia Drosos acquired 4,000 shares of the stock in a transaction that occurred on Friday, September 6th. The stock was acquired at an average price of $14.14 per share, with a total value of $56,560.00. Following the transaction, the chief executive officer now directly owns 232,181 shares in the company, valued at $3,283,039.34. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CFO Joan M. Hilson bought 7,500 shares of the stock in a transaction dated Friday, September 6th. The shares were bought at an average cost of $14.46 per share, with a total value of $108,450.00. Following the completion of the acquisition, the chief financial officer now directly owns 33,127 shares of the company’s stock, valued at approximately $479,016.42. The disclosure for this purchase can be found here. 0.96% of the stock is owned by corporate insiders.

Several large investors have recently bought and sold shares of SIG. CenterStar Asset Management LLC grew its stake in Signet Jewelers by 136.0% during the 2nd quarter. CenterStar Asset Management LLC now owns 1,660 shares of the company’s stock worth $29,000 after buying an additional 6,270 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. grew its position in shares of Signet Jewelers by 105.2% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock worth $35,000 after acquiring an additional 1,000 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Signet Jewelers during the second quarter worth about $43,000. Point72 Hong Kong Ltd grew its position in shares of Signet Jewelers by 77.2% during the second quarter. Point72 Hong Kong Ltd now owns 4,817 shares of the company’s stock worth $86,000 after acquiring an additional 2,098 shares during the last quarter. Finally, Meadow Creek Investment Management LLC grew its position in shares of Signet Jewelers by 23.1% during the second quarter. Meadow Creek Investment Management LLC now owns 6,064 shares of the company’s stock worth $108,000 after acquiring an additional 1,136 shares during the last quarter.

Signet Jewelers stock opened at $16.22 on Friday. Signet Jewelers has a 12-month low of $10.40 and a 12-month high of $62.26. The company has a market capitalization of $799.10 million, a price-to-earnings ratio of 4.36, a price-to-earnings-growth ratio of 0.76 and a beta of 1.02. The company has a debt-to-equity ratio of 1.95, a current ratio of 2.10 and a quick ratio of 0.37. The firm’s fifty day moving average price is $15.85 and its 200 day moving average price is $18.11.

The firm also recently disclosed a — dividend, which will be paid on Friday, November 29th. Investors of record on Friday, November 1st will be given a dividend of $0.37 per share. This represents a dividend yield of 10.5%. The ex-dividend date of this dividend is Thursday, October 31st. Signet Jewelers’s dividend payout ratio is presently 39.78%.

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.

See Also: Recession

Get a free copy of the Zacks research report on Signet Jewelers (SIG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Signet Jewelers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Signet Jewelers and related companies with MarketBeat.com's FREE daily email newsletter.