Wall Street brokerages expect Signet Jewelers Limited (NYSE:SIG) to post earnings of $0.18 per share for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Signet Jewelers Limited’s earnings. The highest EPS estimate is $0.31 and the lowest is $0.09. Signet Jewelers Limited reported earnings per share of $0.30 during the same quarter last year, which would indicate a negative year over year growth rate of 40%. The firm is scheduled to report its next earnings report before the market opens on Tuesday, November 21st.
On average, analysts expect that Signet Jewelers Limited will report full-year earnings of $7.14 per share for the current fiscal year, with EPS estimates ranging from $7.05 to $7.25. For the next financial year, analysts forecast that the business will report earnings of $7.42 per share, with EPS estimates ranging from $7.08 to $7.60. Zacks’ EPS calculations are an average based on a survey of analysts that cover Signet Jewelers Limited.
Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings data on Thursday, August 24th. The company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The business had revenue of $1.40 billion for the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter in the previous year, the firm earned $1.14 earnings per share. The business’s revenue was up 1.9% on a year-over-year basis.
Several research analysts have weighed in on SIG shares. Cowen and Company reissued a “hold” rating on shares of Signet Jewelers Limited in a research report on Tuesday, July 18th. Nomura set a $70.00 price objective on Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Tuesday, July 18th. Needham & Company LLC started coverage on Signet Jewelers Limited in a research report on Tuesday, July 18th. They issued a “buy” rating and a $69.00 price objective on the stock. BidaskClub cut Signet Jewelers Limited from a “hold” rating to a “sell” rating in a research report on Monday, July 24th. Finally, Zacks Investment Research raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, ten have issued a hold rating and eight have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $70.25.
Large investors have recently added to or reduced their stakes in the stock. Commonwealth Bank of Australia raised its stake in shares of Signet Jewelers Limited by 5.6% during the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after purchasing an additional 85 shares during the period. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Signet Jewelers Limited during the 2nd quarter valued at $121,000. Tower Research Capital LLC TRC raised its stake in shares of Signet Jewelers Limited by 19.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after purchasing an additional 335 shares during the period. Monroe Bank & Trust MI bought a new stake in shares of Signet Jewelers Limited during the 3rd quarter valued at $179,000. Finally, Pitcairn Co. bought a new stake in shares of Signet Jewelers Limited during the 3rd quarter valued at $203,000.
Signet Jewelers Limited (NYSE:SIG) traded down $0.04 during mid-day trading on Monday, reaching $70.81. The company’s stock had a trading volume of 1,346,400 shares, compared to its average volume of 1,737,994. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 2.40. Signet Jewelers Limited has a twelve month low of $46.09 and a twelve month high of $101.46. The stock has a market capitalization of $4,283.59, a PE ratio of 10.59, a P/E/G ratio of 1.32 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Investors of record on Friday, October 27th will be paid a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, October 26th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 1.75%. Signet Jewelers Limited’s payout ratio is 19.14%.
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Signet Jewelers Limited Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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