Analysts Anticipate Signet Jewelers Ltd. (NYSE:SIG) Will Post Earnings of -$1.11 Per Share

Equities analysts expect that Signet Jewelers Ltd. (NYSE:SIG) will report earnings of ($1.11) per share for the current fiscal quarter, according to Zacks Investment Research. Zero analysts have made estimates for Signet Jewelers’ earnings, with estimates ranging from ($1.11) to ($1.10). Signet Jewelers reported earnings per share of ($1.06) during the same quarter last year, which indicates a negative year-over-year growth rate of 4.7%. The business is scheduled to announce its next earnings results 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 fiscal year, analysts forecast that the company will report earnings of $3.16 per share, with EPS estimates ranging from $3.11 to $3.20. Zacks’ EPS averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Signet Jewelers.

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

Several research analysts have recently weighed in on SIG shares. Bank of America lowered their price objective on Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating for the company in a research report on Friday, September 6th. Zacks Investment Research raised Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a report on Monday, August 12th. Citigroup cut their target price on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating on the stock in a research note on Friday, September 6th. Finally, ValuEngine cut shares of Signet Jewelers from a “hold” rating to a “sell” rating in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has an average rating of “Hold” and a consensus target price of $24.29.

Shares of SIG stock traded up $0.55 during trading hours on Tuesday, reaching $16.96. The company’s stock had a trading volume of 975,724 shares, compared to its average volume of 1,955,008. The company has a quick ratio of 0.37, a current ratio of 2.10 and a debt-to-equity ratio of 1.95. Signet Jewelers has a fifty-two week low of $10.40 and a fifty-two week high of $57.77. The company has a market capitalization of $857.64 million, a price-to-earnings ratio of 4.56, a PEG ratio of 0.82 and a beta of 1.00. The firm’s 50 day simple moving average is $16.60 and its 200-day simple moving average is $17.31.

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

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

Several institutional investors have recently added to or reduced their stakes in the company. Rational Advisors LLC lifted its stake in Signet Jewelers by 277.1% during the third quarter. Rational Advisors LLC now owns 2,285 shares of the company’s stock worth $38,000 after purchasing an additional 1,679 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Signet Jewelers by 12.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 17,901 shares of the company’s stock valued at $300,000 after buying an additional 1,996 shares during the last quarter. SG Americas Securities LLC lifted its stake in Signet Jewelers by 50.0% in the third quarter. SG Americas Securities LLC now owns 20,012 shares of the company’s stock valued at $335,000 after buying an additional 6,671 shares during the last quarter. First Trust Advisors LP bought a new stake in Signet Jewelers in the third quarter valued at $363,000. Finally, Wedge Capital Management L L P NC lifted its stake in Signet Jewelers by 8.3% in the third quarter. Wedge Capital Management L L P NC now owns 14,456 shares of the company’s stock valued at $242,000 after buying an additional 1,109 shares during the last quarter.

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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