Signet Jewelers (NYSE:SIG) Releases FY20 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $2.88-3.17 for the period, compared to the Thomson Reuters consensus estimate of $2.99. The company issued revenue guidance of $6.0-6.06 billion, compared to the consensus revenue estimate of $6.02 billion.Signet Jewelers also updated its FY 2020 guidance to $2.88-3.17 EPS.

NYSE SIG traded up $0.20 on Friday, hitting $17.88. 1,661,579 shares of the company were exchanged, compared to its average volume of 1,868,793. The company’s 50 day moving average price is $19.57. The company has a quick ratio of 0.31, a current ratio of 2.07 and a debt-to-equity ratio of 1.92. The company has a market cap of $906.04 million, a price-to-earnings ratio of 4.81, a P/E/G ratio of 0.88 and a beta of 1.04. Signet Jewelers has a twelve month low of $16.70 and a twelve month high of $71.07.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, June 6th. The company reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.24) by $0.32. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.42 billion. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. The firm’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.10 EPS. Equities research analysts expect that Signet Jewelers will post 3.05 earnings per share for the current fiscal year.

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

A number of brokerages have recently weighed in on SIG. Telsey Advisory Group reiterated a market perform rating and issued a $22.00 target price (down previously from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. Zacks Investment Research upgraded Signet Jewelers from a strong sell rating to a hold rating in a report on Wednesday, March 20th. Needham & Company LLC reissued a hold rating on shares of Signet Jewelers in a research note on Thursday, April 4th. Bank of America lowered their price target on Signet Jewelers from $30.00 to $20.00 and set a neutral rating for the company in a research note on Friday, June 7th. Finally, Nomura lowered their price target on Signet Jewelers from $28.00 to $21.00 and set a neutral rating for the company in a research note on Friday, June 7th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Signet Jewelers currently has a consensus rating of Hold and a consensus price target 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 JamesAllen.com, an online jewelry retailer Website.

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

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