Equities research analysts expect Signet Jewelers Limited (NYSE:SIG) to post sales of $1.34 billion for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Signet Jewelers Limited’s earnings, with the highest sales estimate coming in at $1.35 billion and the lowest estimate coming in at $1.32 billion. Signet Jewelers Limited posted sales of $1.37 billion in the same quarter last year, which would indicate a negative year over year growth rate of 2.2%. The company is scheduled to announce its next earnings results before the market opens on Thursday, August 24th.
On average, analysts expect that Signet Jewelers Limited will report full-year sales of $1.34 billion for the current year, with estimates ranging from $6.18 billion to $6.22 billion. For the next financial year, analysts expect that the firm will report sales of $6.14 billion per share, with estimates ranging from $6.11 billion to $6.20 billion. Zacks’ sales averages are an average based on a survey of analysts that cover Signet Jewelers Limited.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.66 by $0.63. Signet Jewelers Limited had a return on equity of 19.20% and a net margin of 7.46%. The firm had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the business posted $1.95 EPS. The firm’s revenue for the quarter was down 11.1% compared to the same quarter last year.
A number of research firms have recently weighed in on SIG. Instinet reissued a “buy” rating and set a $70.00 price objective on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. Cowen and Company reissued a “hold” rating on shares of Signet Jewelers Limited in a research note on Tuesday. Nomura set a $70.00 price objective on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Tuesday. Needham & Company LLC began coverage on Signet Jewelers Limited in a research note on Tuesday. They set a “buy” rating for the company. Finally, BidaskClub raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Two equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eight have issued a buy rating to the company. Signet Jewelers Limited has an average rating of “Hold” and an average target price of $77.88.
Signet Jewelers Limited (NYSE SIG) traded down 2.48% on Friday, reaching $57.11. 1,791,000 shares of the company’s stock traded hands. The firm’s 50-day moving average is $58.65 and its 200 day moving average is $67.41. The firm has a market cap of $3.91 billion, a PE ratio of 9.07 and a beta of 1.00. Signet Jewelers Limited has a 12 month low of $46.09 and a 12 month high of $101.46.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 30th. Shareholders of record on Friday, July 28th will be issued a $0.31 dividend. The ex-dividend date is Wednesday, July 26th. This represents a $1.24 dividend on an annualized basis and a yield of 2.17%. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.97%.
In related news, Director H. Todd Stitzer purchased 2,090 shares of Signet Jewelers Limited stock in a transaction dated Wednesday, May 31st. The stock was purchased at an average cost of $47.91 per share, for a total transaction of $100,131.90. Following the completion of the acquisition, the director now directly owns 16,823 shares of the company’s stock, valued at $805,989.93. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 0.52% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of SIG. Ameritas Investment Partners Inc. bought a new position in shares of Signet Jewelers Limited during the first quarter valued at $115,000. James Investment Research Inc. bought a new position in shares of Signet Jewelers Limited during the first quarter valued at $133,000. Daiwa Securities Group Inc. increased its position in shares of Signet Jewelers Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the last quarter. FNY Managed Accounts LLC bought a new position in shares of Signet Jewelers Limited during the first quarter valued at $153,000. Finally, Nordea Investment Management AB increased its position in shares of Signet Jewelers Limited by 2.5% in the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the last quarter.
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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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