Signet Jewelers (NYSE:SIG) Issues FY20 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY20 earnings guidance on Thursday morning. The company provided EPS guidance of $3.11-3.29 for the period, compared to the Thomson Reuters consensus EPS estimate of $2.91. The company issued revenue guidance of $6.01-6.05 billion, compared to the consensus revenue estimate of $6.02 billion.Signet Jewelers also updated its Q4 guidance to $3.01-3.16 EPS.

SIG has been the topic of a number of research analyst reports. Wells Fargo & Co lifted their price target on shares of Signet Jewelers from $13.00 to $16.00 and gave the company a market perform rating in a report on Friday. Citigroup dropped their price objective on Signet Jewelers from $17.00 to $12.00 and set a sell rating for the company in a report on Friday, September 6th. ValuEngine raised Signet Jewelers from a sell rating to a hold rating in a research report on Saturday. 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. Finally, Telsey Advisory Group boosted their price target on Signet Jewelers from $14.00 to $20.00 and gave the company an outperform rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $20.86.

Signet Jewelers stock traded up $2.69 during trading on Friday, reaching $20.58. 5,206,053 shares of the company’s stock were exchanged, compared to its average volume of 2,206,513. The company’s 50-day moving average is $16.85 and its two-hundred day moving average is $16.77. The company has a debt-to-equity ratio of 1.95, a quick ratio of 0.37 and a current ratio of 2.10. Signet Jewelers has a 52-week low of $10.40 and a 52-week high of $42.28. The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 5.53, a PEG ratio of 0.92 and a beta of 1.03.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, December 5th. The company reported ($0.76) EPS for the quarter, beating the consensus estimate of ($1.07) by $0.31. The company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.14 billion. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. The firm’s revenue was down .3% compared to the same quarter last year. During the same period last year, the company posted ($1.06) earnings per share. Analysts anticipate that Signet Jewelers will post 2.95 EPS for the current year.

About Signet Jewelers

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 JamesAllen.com, an online jewelry retailer Website.

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

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