Brokers Offer Predictions for Signet Jewelers Ltd.’s Q3 2019 Earnings (SIG)

Signet Jewelers Ltd. (NYSE:SIG) – Analysts at Northcoast Research reduced their Q3 2019 earnings per share estimates for shares of Signet Jewelers in a research report issued to clients and investors on Thursday, November 15th. Northcoast Research analyst T. Vierengel now expects that the company will earn ($1.15) per share for the quarter, down from their prior estimate of ($1.03). Northcoast Research also issued estimates for Signet Jewelers’ Q4 2019 earnings at $4.54 EPS and FY2019 earnings at $4.23 EPS.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, August 30th. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.32. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.34 billion. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The firm’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 earnings per share.

SIG has been the topic of a number of other research reports. Citigroup raised shares of Signet Jewelers from a “sell” rating to a “neutral” rating in a research report on Friday, October 26th. ValuEngine raised shares of Signet Jewelers from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Zacks Investment Research lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Wells Fargo & Co reissued a “hold” rating and issued a $65.00 price objective (up previously from $50.00) on shares of Signet Jewelers in a research report on Thursday, August 30th. Finally, Telsey Advisory Group boosted their price objective on shares of Signet Jewelers from $56.00 to $63.00 and gave the stock a “market perform” rating in a research report on Friday, August 24th. One analyst has rated the stock with a sell rating, twelve have given a hold rating and one has issued a buy rating to the company. Signet Jewelers has a consensus rating of “Hold” and an average target price of $55.13.

Shares of SIG stock opened at $56.71 on Monday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 2.69. The firm has a market capitalization of $2.94 billion, a PE ratio of 8.71, a price-to-earnings-growth ratio of 2.06 and a beta of 0.91. Signet Jewelers has a 12 month low of $33.11 and a 12 month high of $77.94.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in Signet Jewelers by 19.3% during the second quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company’s stock worth $341,000 after buying an additional 993 shares during the last quarter. Strs Ohio increased its holdings in Signet Jewelers by 4.6% during the third quarter. Strs Ohio now owns 25,100 shares of the company’s stock worth $1,654,000 after buying an additional 1,100 shares during the last quarter. Boston Partners increased its holdings in Signet Jewelers by 3.2% during the second quarter. Boston Partners now owns 47,597 shares of the company’s stock worth $2,654,000 after buying an additional 1,474 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in Signet Jewelers by 18.5% during the second quarter. Xact Kapitalforvaltning AB now owns 9,600 shares of the company’s stock worth $535,000 after buying an additional 1,500 shares during the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in Signet Jewelers by 0.7% during the third quarter. Jupiter Asset Management Ltd. now owns 230,000 shares of the company’s stock worth $15,111,000 after buying an additional 1,500 shares during the last quarter.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.48 dividend on an annualized basis and a yield of 2.61%. Signet Jewelers’s payout ratio is 22.73%.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.

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

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