Signet Jewelers (NYSE:SIG) Posts Quarterly Earnings Results, Beats Expectations By $0.32 EPS

Signet Jewelers (NYSE:SIG) announced its earnings results on Thursday, June 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.24) by $0.32, reports. Signet Jewelers had a negative net margin of 2.76% and a positive return on equity of 16.90%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $0.10 earnings per share. The company’s revenue for the quarter was down 3.3% compared to the same quarter last year.

SIG stock traded up $0.20 during trading on Friday, reaching $17.88. 1,663,066 shares of the stock were exchanged, compared to its average volume of 2,197,343. 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 stock has a 50 day simple moving average of $19.57. Signet Jewelers has a 1 year low of $16.70 and a 1 year high of $71.07. The stock has a market cap of $922.74 million, a price-to-earnings ratio of 4.81, a price-to-earnings-growth ratio of 0.89 and a beta of 1.04.

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

Several analysts have recently issued reports on SIG shares. Needham & Company LLC reiterated a “hold” rating on shares of Signet Jewelers in a research report on Thursday, April 4th. Zacks Investment Research raised shares of 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 target (down from $28.00) on shares of Signet Jewelers in a research note on Monday, June 3rd. Nomura decreased their price target on shares of Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a research note on Friday, June 7th. Finally, Bank of America decreased their price target on shares of Signet Jewelers from $30.00 to $20.00 and set a “neutral” rating on the stock in a research note 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’s stock. The stock presently 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, an online jewelry retailer Website.

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Earnings History for Signet Jewelers (NYSE:SIG)

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