Signet Jewelers (SIG) Issues Q4 2019 Earnings Guidance

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.

A number of research analysts have recently weighed in on SIG shares. Zacks Investment Research raised Signet Jewelers from a hold rating to a buy rating and set a $71.00 price objective on the stock in a research report on Tuesday, August 21st. TheStreet raised Signet Jewelers from a d+ rating to a c- rating in a research report on Tuesday, August 21st. Wells Fargo & Co reissued a hold rating and set a $65.00 target price (up previously from $50.00) on shares of Signet Jewelers in a research note on Thursday, August 30th. Telsey Advisory Group reissued a market perform rating and set a $69.00 target price (up previously from $63.00) on shares of Signet Jewelers in a research note on Friday, August 31st. Finally, Citigroup raised Signet Jewelers from a sell rating to a neutral rating in a research note on Friday, October 26th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $54.44.

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

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