Equities analysts expect Signet Jewelers Ltd. (NYSE:SIG) to announce ($1.11) earnings per share (EPS) for the current quarter, Zacks Investment Research reports. Zero analysts have provided 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 of ($1.06) per share during the same quarter last year, which indicates a negative year over year growth rate of 4.7%. The business is expected to announce its next 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 business will report earnings of $3.16 per share, with EPS estimates ranging from $3.11 to $3.20. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Signet Jewelers.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, September 5th. The company reported $0.51 earnings per share (EPS) for the quarter, topping 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 company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share.
A number of analysts have recently commented on the company. Citigroup cut their price objective on Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research report on Friday, September 6th. ValuEngine cut Signet Jewelers from a “hold” rating to a “sell” rating in a research report on Friday, November 1st. Bank of America cut 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. Finally, Zacks Investment Research upgraded Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price objective for the company in a research report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Signet Jewelers has an average rating of “Hold” and an average price target of $24.29.
Signet Jewelers stock opened at $16.41 on Tuesday. The stock has a market capitalization of $877.50 million, a PE ratio of 4.41, a price-to-earnings-growth ratio of 0.84 and a beta of 1.00. Signet Jewelers has a 12 month low of $10.40 and a 12 month high of $57.77. The business has a 50 day simple moving average of $16.60 and a 200-day simple moving average of $17.33. 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 company also recently declared a — dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 1st will be paid a $0.37 dividend. 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%.
In other news, CEO Virginia Drosos purchased 4,000 shares of the stock in a transaction dated Friday, September 6th. The shares were purchased at an average cost of $14.14 per share, with a total value of $56,560.00. Following the completion of the purchase, the chief executive officer now directly owns 232,181 shares of the company’s stock, valued at approximately $3,283,039.34. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Joan M. Hilson purchased 7,500 shares of the stock in a transaction dated Friday, September 6th. The stock was purchased at an average cost of $14.46 per share, for a total transaction of $108,450.00. Following the completion of the purchase, the chief financial officer now directly owns 33,127 shares of the company’s stock, valued at $479,016.42. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.
Large investors have recently modified their holdings of the company. First Trust Advisors LP boosted its stake in Signet Jewelers by 36.6% during the first quarter. First Trust Advisors LP now owns 30,144 shares of the company’s stock worth $819,000 after buying an additional 8,069 shares during the last quarter. Adams Asset Advisors LLC boosted its stake in Signet Jewelers by 27.7% during the second quarter. Adams Asset Advisors LLC now owns 40,639 shares of the company’s stock worth $726,000 after buying an additional 8,818 shares during the last quarter. Fox Run Management L.L.C. acquired a new position in Signet Jewelers during the second quarter worth $385,000. NuWave Investment Management LLC boosted its stake in Signet Jewelers by 1,000.0% during the second quarter. NuWave Investment Management LLC now owns 6,468 shares of the company’s stock worth $116,000 after buying an additional 5,880 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in Signet Jewelers by 89.1% during the second quarter. Robeco Institutional Asset Management B.V. now owns 741,588 shares of the company’s stock worth $13,261,000 after buying an additional 349,327 shares during the last quarter.
About Signet Jewelers
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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