Signet Jewelers (NYSE:SIG) Updates FY 2020 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $2.88-3.17 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.00. The company issued revenue guidance of $6-6.06 billion, compared to the consensus revenue estimate of $6.03 billion.Signet Jewelers also updated its FY20 guidance to $2.88-3.17 EPS.

Shares of Signet Jewelers stock traded up $0.20 on Friday, reaching $17.88. 1,661,579 shares of the stock were exchanged, compared to its average volume of 1,868,793. Signet Jewelers has a twelve month low of $16.70 and a twelve month high of $71.07. The company has a market capitalization of $906.04 million, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 0.88 and a beta of 1.04. The company has a 50 day simple moving average of $19.57. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 0.31.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings data on Thursday, June 6th. The company reported $0.08 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.24) by $0.32. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.42 billion. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. The business’s revenue was down 3.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.10 earnings per share. On average, research analysts predict that Signet Jewelers will post 3.05 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 2nd will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 8.28%. The ex-dividend date is Thursday, August 1st. Signet Jewelers’s dividend payout ratio is presently 39.78%.

Several research firms recently commented on SIG. Zacks Investment Research upgraded Signet Jewelers from a strong sell rating to a hold rating in a research note on Wednesday, March 20th. Telsey Advisory Group reissued a market perform rating and issued a $22.00 price objective (down from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. Needham & Company LLC reissued a hold rating on shares of Signet Jewelers in a report on Thursday, April 4th. Nomura lowered their price objective on Signet Jewelers from $28.00 to $21.00 and set a neutral rating for the company in a report on Friday, June 7th. Finally, Bank of America lowered their price objective on Signet Jewelers from $30.00 to $20.00 and set a neutral rating for the company in a report on Friday, June 7th. Two equities research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company. The company has an average rating of Hold and a consensus target price of $34.54.

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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