$1.34 Billion in Sales Expected for Signet Jewelers Ltd. (NYSE:SIG) This Quarter

Analysts expect that Signet Jewelers Ltd. (NYSE:SIG) will post sales of $1.34 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Signet Jewelers’ earnings, with the lowest sales estimate coming in at $1.33 billion and the highest estimate coming in at $1.35 billion. Signet Jewelers posted sales of $1.42 billion in the same quarter last year, which suggests a negative year-over-year growth rate of 5.6%. The business is scheduled to report its next earnings report before the market opens on Thursday, September 5th.

On average, analysts expect that Signet Jewelers will report full year sales of $6.02 billion for the current year, with estimates ranging from $5.99 billion to $6.04 billion. For the next financial year, analysts forecast that the firm will post sales of $5.94 billion, with estimates ranging from $5.91 billion to $5.97 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that follow Signet Jewelers.

Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Thursday, June 6th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.32. The business had revenue of $1.43 billion for 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 firm’s quarterly revenue was down 3.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share.

Several research firms recently issued reports on SIG. Telsey Advisory Group reiterated a “market perform” rating and issued a $22.00 price target (down previously from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. Nomura reduced their target price on Signet Jewelers from $28.00 to $21.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Bank of America reduced their target price on Signet Jewelers from $30.00 to $20.00 and set a “neutral” rating on the stock in a report on Friday, June 7th. Finally, Zacks Investment Research upgraded Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 target price on the stock in a report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Signet Jewelers currently has a consensus rating of “Hold” and a consensus target price of $26.68.

Signet Jewelers stock traded up $1.40 during mid-day trading on Thursday, hitting $13.84. The stock had a trading volume of 4,053,151 shares, compared to its average volume of 1,873,630. The stock has a 50-day simple moving average of $16.32 and a two-hundred day simple moving average of $21.48. The stock has a market capitalization of $649.24 million, a PE ratio of 3.72, a P/E/G ratio of 0.63 and a beta of 0.93. Signet Jewelers has a 12 month low of $11.51 and a 12 month high of $71.07. The company has a current ratio of 2.07, a quick ratio of 0.31 and a debt-to-equity ratio of 1.92.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 2nd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 10.69%. The ex-dividend date of this dividend is Thursday, August 1st. Signet Jewelers’s dividend payout ratio (DPR) is presently 39.78%.

Several large investors have recently added to or reduced their stakes in the company. Arizona State Retirement System raised its position in Signet Jewelers by 1.6% in the 2nd quarter. Arizona State Retirement System now owns 37,879 shares of the company’s stock valued at $677,000 after buying an additional 603 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its position in shares of Signet Jewelers by 105.2% during the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,951 shares of the company’s stock worth $35,000 after purchasing an additional 1,000 shares during the last quarter. Meadow Creek Investment Management LLC increased its position in shares of Signet Jewelers by 23.1% during the 2nd quarter. Meadow Creek Investment Management LLC now owns 6,064 shares of the company’s stock worth $108,000 after purchasing an additional 1,136 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Signet Jewelers by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 35,247 shares of the company’s stock worth $957,000 after purchasing an additional 1,276 shares during the last quarter. Finally, Rhumbline Advisers increased its position in shares of Signet Jewelers by 0.8% during the 1st quarter. Rhumbline Advisers now owns 159,292 shares of the company’s stock worth $4,326,000 after purchasing an additional 1,283 shares during the last quarter. Institutional investors and hedge funds own 99.56% of the company’s stock.

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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