Signet Jewelers (SIG) Issues Q1 2020 Earnings Guidance

Signet Jewelers (NYSE:SIG) updated its first quarter 2020 earnings guidance on Wednesday. The company provided earnings per share guidance of $-0.28–0.17 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $-0.14. The company issued revenue guidance of $1.42-1.44 billion, compared to the consensus revenue estimate of $1.43 billion.Signet Jewelers also updated its FY 2020 guidance to $2.87-3.45 EPS.

A number of brokerages recently issued reports on SIG. Wells Fargo & Co dropped their target price on shares of Signet Jewelers from $42.00 to $38.00 and set a market perform rating on the stock in a research report on Wednesday, January 2nd. Needham & Company LLC reaffirmed 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 report on Wednesday, March 20th. Nomura dropped their target price on shares of Signet Jewelers to $26.00 and set a neutral rating on the stock in a research report on Friday, January 18th. Finally, Telsey Advisory Group reaffirmed a market perform rating and set a $29.00 target price (down previously from $40.00) on shares of Signet Jewelers in a research report on Friday, January 18th. Two research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. The stock presently has a consensus rating of Hold and a consensus price target of $41.97.

SIG traded up $0.55 during trading on Friday, reaching $22.72. 1,331,900 shares of the company’s stock were exchanged, compared to its average volume of 1,861,700. Signet Jewelers has a fifty-two week low of $21.64 and a fifty-two week high of $71.07. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.76 and a quick ratio of 0.45. The company has a market capitalization of $1.13 billion, a P/E ratio of 6.11, a P/E/G ratio of 1.16 and a beta of 1.04.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Wednesday, April 3rd. The company reported $3.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $3.77 by $0.19. Signet Jewelers had a negative net margin of 10.65% and a positive return on equity of 14.34%. The firm had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.14 billion. During the same quarter in the previous year, the company earned $4.28 earnings per share. The business’s revenue was down 5.9% compared to the same quarter last year. On average, equities research analysts expect that Signet Jewelers will post 3.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 3rd will be paid a $0.37 dividend. The ex-dividend date is Thursday, May 2nd. This represents a $1.48 annualized dividend and a dividend yield of 6.51%. Signet Jewelers’s dividend payout ratio is presently 39.78%.

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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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