Signet Jewelers (SIG) Posts Quarterly Earnings, Beats Estimates By $0.01 EPS
Signet Jewelers (NYSE:SIG) released its earnings data on Thursday. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.99 by $0.01, American Banking & Market News reports. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.19 billion.
A number of research firms have recently commented on SIG. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Signet Jewelers in a research note on Tuesday, August 19th. On a related note, analysts at Nomura reiterated a “buy” rating on shares of Signet Jewelers in a research note on Monday, August 4th. Finally, analysts at Zacks upgraded shares of Signet Jewelers from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $113.20 price target on the stock. Three equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $117.89.
Shares of Signet Jewelers (NYSE:SIG) opened at 108.03 on Thursday. Signet Jewelers has a one year low of $65.91 and a one year high of $113.18. The stock has a 50-day moving average of $106.8 and a 200-day moving average of $102.8. The company has a market cap of $8.664 billion and a price-to-earnings ratio of 23.42.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, November 25th. Stockholders of record on Friday, October 31st will be given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Wednesday, October 29th.
Signet Jewelers Limited (NYSE:SIG) is a specialty retail jeweler by sales in the United States and United Kingdom, and also has stores in the Republic of Ireland and Channel Islands.
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