Signet Jewelers (NYSE:SIG) Issues Q4 Earnings Guidance

Signet Jewelers (NYSE:SIG) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share guidance of $3.01-3.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.16. The company issued revenue guidance of $2.03-2.07 billion, compared to the consensus revenue estimate of $2.08 billion.Signet Jewelers also updated its FY20 guidance to $3.11-3.29 EPS.

NYSE:SIG opened at $16.65 on Thursday. The company has a current ratio of 2.10, a quick ratio of 0.37 and a debt-to-equity ratio of 1.95. The firm has a 50-day moving average price of $16.71 and a two-hundred day moving average price of $16.78. Signet Jewelers has a twelve month low of $10.40 and a twelve month high of $44.19. The company has a market capitalization of $960.07 million, a P/E ratio of 4.48, a price-to-earnings-growth ratio of 0.92 and a beta of 1.03.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Thursday, September 5th. The company reported $0.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.26. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.34 billion. Signet Jewelers had a negative net margin of 2.99% and a positive return on equity of 17.75%. The company’s revenue for the quarter was down 3.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.52 earnings per share. On average, equities research analysts predict that Signet Jewelers will post 2.95 earnings per share for the current year.

The firm also recently disclosed a — dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a dividend yield of 10.5%. Signet Jewelers’s dividend payout ratio (DPR) is 39.78%.

SIG has been the subject of several research reports. Citigroup cut their price objective on Signet Jewelers from $17.00 to $12.00 and set a sell rating for the company in a research report on Friday, September 6th. Zacks Investment Research upgraded Signet Jewelers from a sell rating to a hold rating and set a $15.00 target price on the stock in a report on Monday, August 12th. Bank of America dropped their price target on Signet Jewelers from $20.00 to $16.00 and set a neutral rating for the company in a research report on Friday, September 6th. Finally, ValuEngine cut Signet Jewelers from a hold rating to a sell rating in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Signet Jewelers has an average rating of Hold and a consensus price target of $24.29.

In other news, CFO Joan M. Hilson acquired 7,500 shares of the business’s stock in a transaction dated Friday, September 6th. The stock was acquired at an average price of $14.46 per share, with a total value of $108,450.00. Following the completion of the transaction, the chief financial officer now directly owns 33,127 shares in the company, valued at approximately $479,016.42. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Virginia Drosos acquired 4,000 shares of Signet Jewelers stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $14.14 per share, for a total transaction of $56,560.00. Following the purchase, the chief executive officer now directly owns 232,181 shares of the company’s stock, valued at approximately $3,283,039.34. The disclosure for this purchase can be found here. Insiders own 0.96% of the company’s stock.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and, an online jewelry retailer Website.

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

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