Brokerages Anticipate Signet Jewelers Limited (SIG) to Announce $0.17 EPS
Brokerages expect Signet Jewelers Limited (NYSE:SIG) to report earnings of $0.17 per share for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Signet Jewelers Limited’s earnings, with the lowest EPS estimate coming in at $0.02 and the highest estimate coming in at $0.31. Signet Jewelers Limited posted earnings per share of $0.30 during the same quarter last year, which would indicate a negative year over year growth rate of 43.3%. The company is scheduled to report its next earnings report on Tuesday, November 28th.
On average, analysts expect that Signet Jewelers Limited will report full-year earnings of $7.13 per share for the current financial year, with EPS estimates ranging from $7.00 to $7.25. For the next fiscal year, analysts expect that the company will report earnings of $7.47 per share, with EPS estimates ranging from $7.40 to $7.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that follow Signet Jewelers Limited.
Signet Jewelers Limited (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business earned $1.14 EPS. The company’s revenue was up 1.9% on a year-over-year basis.
SIG has been the subject of several analyst reports. Bank of America Corporation restated a “buy” rating and issued a $75.00 target price (down from $90.00) on shares of Signet Jewelers Limited in a research note on Sunday, May 28th. 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 research note on Friday, May 26th. Wells Fargo & Company set a $97.00 target price on shares of Signet Jewelers Limited and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Signet Jewelers Limited from a “hold” rating to a “buy” rating and set a $71.00 target price for the company in a research note on Monday, September 4th. 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 research note on Friday, May 26th. One analyst has rated the stock with a sell rating, ten have given a hold rating and eight have assigned a buy rating to the stock. Signet Jewelers Limited currently has an average rating of “Hold” and a consensus price target of $71.25.
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Shares of Signet Jewelers Limited (NYSE:SIG) traded up 0.92% during midday trading on Friday, hitting $65.49. 1,178,957 shares of the stock were exchanged. The firm has a 50 day moving average of $59.71 and a 200 day moving average of $62.35. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $101.46. The firm has a market cap of $3.95 billion, a P/E ratio of 9.86 and a beta of 0.99.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 27th will be issued a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.89%. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.14%.
Several large investors have recently modified their holdings of the business. Achmea Investment Management B.V. acquired a new stake in shares of Signet Jewelers Limited during the second quarter worth $741,000. Toronto Dominion Bank raised its holdings in shares of Signet Jewelers Limited by 23.7% during the second quarter. Toronto Dominion Bank now owns 23,101 shares of the company’s stock worth $1,461,000 after purchasing an additional 4,433 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Signet Jewelers Limited during the second quarter worth $329,000. Tower Research Capital LLC TRC raised its holdings in shares of Signet Jewelers Limited by 19.9% during the second quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock worth $128,000 after purchasing an additional 335 shares during the period. Finally, Westside Investment Management Inc. raised its holdings in shares of Signet Jewelers Limited by 28.5% during the second quarter. Westside Investment Management Inc. now owns 9,275 shares of the company’s stock worth $565,000 after purchasing an additional 2,055 shares during the period.
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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