Signet Jewelers Limited (SIG) to Release Quarterly Earnings on Thursday
Signet Jewelers Limited (NYSE:SIG) is set to issue its quarterly earnings data before the market opens on Thursday, August 24th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Signet Jewelers Limited has set its FY18 guidance at 7.00-7.40 EPS.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings results on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. The firm had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The firm’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.95 EPS. On average, analysts expect Signet Jewelers Limited to post $6.68 EPS for the current fiscal year and $6.89 EPS for the next fiscal year.
Shares of Signet Jewelers Limited (SIG) opened at 53.89 on Thursday. The stock has a market cap of $3.69 billion, a price-to-earnings ratio of 8.56 and a beta of 1.00. Signet Jewelers Limited has a one year low of $46.09 and a one year high of $101.46. The company has a 50 day moving average price of $60.01 and a 200-day moving average price of $63.93.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Investors 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 annualized dividend and a yield of 2.30%. Signet Jewelers Limited’s dividend payout ratio (DPR) is presently 19.97%.
SIG has been the subject of several research reports. ValuEngine downgraded shares of Signet Jewelers Limited from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. CL King downgraded shares of Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 target price for the company. in a report on Friday, May 26th. Nomura set a $70.00 target price on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Tuesday, July 18th. Bank of America Corporation reiterated a “buy” rating and issued a $75.00 target price on shares of Signet Jewelers Limited in a report on Wednesday, June 21st. Finally, Royal Bank Of Canada set a $63.00 target price on shares of Signet Jewelers Limited and gave the company a “buy” rating in a report on Friday, May 26th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and eight have assigned a buy rating to the company. Signet Jewelers Limited has an average rating of “Hold” and an average target price of $77.35.
In other news, Director H. Todd Stitzer acquired 2,090 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was acquired at an average cost of $47.91 per share, with a total value of $100,131.90. Following the transaction, the director now owns 16,823 shares in the company, valued at $805,989.93. The transaction was disclosed in a document filed with the SEC, which is available at this link. 0.52% of the stock is currently owned by insiders.
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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