Equities analysts expect Signet Jewelers Limited (NYSE:SIG) to post sales of $1.17 billion for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Signet Jewelers Limited’s earnings. The lowest sales estimate is $1.16 billion and the highest is $1.17 billion. Signet Jewelers Limited posted sales of $1.19 billion during the same quarter last year, which suggests a negative year over year growth rate of 1.7%. The firm is expected to report its next earnings results on Tuesday, November 28th.

According to Zacks, analysts expect that Signet Jewelers Limited will report full-year sales of $1.17 billion for the current year, with estimates ranging from $6.26 billion to $6.33 billion. For the next fiscal year, analysts forecast that the firm will post sales of $6.27 billion per share, with estimates ranging from $6.25 billion to $6.29 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Signet Jewelers Limited.

Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.10 by $0.23. The company had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. Signet Jewelers Limited’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.14 earnings per share.

SIG has been the subject of several research reports. Wells Fargo & Company set a $97.00 target price on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Wednesday, August 23rd. Nomura set a $70.00 target price on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Tuesday, July 18th. BidaskClub upgraded Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Monday, July 31st. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the company a “buy” rating in a research note on Friday, August 25th. Finally, Bank of America Corporation reiterated a “buy” rating and set a $75.00 price target on shares of Signet Jewelers Limited in a research note on Wednesday, June 21st. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have issued a buy rating to the company. Signet Jewelers Limited currently has an average rating of “Hold” and an average price target of $70.93.

Signet Jewelers Limited (NYSE SIG) opened at 61.45 on Thursday. The firm has a market capitalization of $3.72 billion, a PE ratio of 9.25 and a beta of 0.98. Signet Jewelers Limited has a 52-week low of $46.09 and a 52-week high of $101.46. The stock’s 50 day moving average price is $65.41 and its 200 day moving average price is $61.70.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be paid a $0.31 dividend. 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 2.02%. Signet Jewelers Limited’s payout ratio is presently 19.14%.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. Alps Advisors Inc. boosted its stake in shares of Signet Jewelers Limited by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 7,060 shares of the company’s stock worth $446,000 after buying an additional 19 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in shares of Signet Jewelers Limited by 0.6% in the 2nd quarter. Meeder Asset Management Inc. now owns 8,297 shares of the company’s stock worth $525,000 after buying an additional 46 shares during the last quarter. M&T Bank Corp boosted its stake in shares of Signet Jewelers Limited by 0.8% in the 2nd quarter. M&T Bank Corp now owns 7,142 shares of the company’s stock worth $452,000 after buying an additional 59 shares during the last quarter. Commonwealth Bank of Australia boosted its stake in shares of Signet Jewelers Limited by 5.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock worth $101,000 after buying an additional 85 shares during the last quarter. Finally, Gateway Investment Advisers LLC boosted its stake in shares of Signet Jewelers Limited by 1.8% in the 2nd quarter. Gateway Investment Advisers LLC now owns 5,201 shares of the company’s stock worth $329,000 after buying an additional 91 shares during the last quarter.

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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Earnings History and Estimates for Signet Jewelers Limited (NYSE:SIG)

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