Signet Jewelers (NYSE:SIG) Issues Q4 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its fourth quarter earnings guidance on Thursday morning. The company provided EPS guidance of $3.01-3.16 for the period, compared to the Thomson Reuters consensus EPS 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.

SIG stock traded up $1.27 during mid-day trading on Thursday, reaching $17.92. The company had a trading volume of 4,243,505 shares, compared to its average volume of 2,178,879. Signet Jewelers has a one year low of $10.40 and a one year high of $44.19. The stock has a market capitalization of $960.07 million, a P/E ratio of 4.82, a P/E/G ratio of 0.92 and a beta of 1.03. The company has a quick ratio of 0.37, a current ratio of 2.10 and a debt-to-equity ratio of 1.95. The stock’s 50-day simple moving average is $16.71 and its two-hundred day simple moving average is $16.78.

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

The company also recently disclosed a — dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were given a $0.37 dividend. The ex-dividend date was Thursday, October 31st. This represents a yield of 10.5%. Signet Jewelers’s dividend payout ratio is presently 39.78%.

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

In other news, CFO Joan M. Hilson bought 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average price of $14.46 per share, with a total value of $108,450.00. Following the completion of the acquisition, the chief financial officer now directly owns 33,127 shares in the company, valued at $479,016.42. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Virginia Drosos bought 4,000 shares of the company’s 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 acquisition, the chief executive officer now owns 232,181 shares of the company’s stock, valued at $3,283,039.34. The disclosure for this purchase can be found here. 0.96% of the stock is owned by insiders.

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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