Signet Jewelers (NYSE:SIG) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided EPS guidance of $4.35-4.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.52. The company issued revenue guidance of $2.17-2.22 billion, compared to the consensus revenue estimate of $2.19 billion.Signet Jewelers also updated its FY 2019 guidance to $4.15-4.40 EPS.
Shares of SIG stock traded down $9.17 during trading hours on Thursday, reaching $40.86. 3,456,176 shares of the company traded hands, compared to its average volume of 1,106,721. Signet Jewelers has a 12-month low of $33.11 and a 12-month high of $71.07. The company has a quick ratio of 0.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.48. The stock has a market cap of $2.60 billion, a P/E ratio of 6.28, a PEG ratio of 1.82 and a beta of 0.89.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, December 6th. The company reported ($1.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.08) by $0.02. Signet Jewelers had a positive return on equity of 17.52% and a negative net margin of 2.84%. The firm had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.16 billion. During the same period in the previous year, the firm earned $0.05 EPS. The business’s quarterly revenue was up 3.0% on a year-over-year basis. On average, equities research analysts expect that Signet Jewelers will post 4.22 earnings per share for the current fiscal year.
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Signet Jewelers Company Profile
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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