Signet Jewelers (NYSE:SIG) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.75-4.25 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $6.09. The company issued revenue guidance of $5.9-6.1 billion, compared to the consensus revenue estimate of $6.14 billion.
Shares of Signet Jewelers stock opened at $37.43 on Friday. Signet Jewelers has a fifty-two week low of $33.11 and a fifty-two week high of $77.94. The firm has a market cap of $2,231.83, a price-to-earnings ratio of 5.75, a price-to-earnings-growth ratio of 1.16 and a beta of 0.84. The company has a debt-to-equity ratio of 0.28, a quick ratio of 1.12 and a current ratio of 3.32.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings results on Wednesday, March 14th. The company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.26 by $0.02. The firm had revenue of $2.29 billion during the quarter, compared to the consensus estimate of $2.24 billion. Signet Jewelers had a return on equity of 20.34% and a net margin of 8.30%. The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $4.03 EPS. analysts expect that Signet Jewelers will post 3.99 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 1st. Stockholders of record on Friday, May 4th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, May 3rd. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.31. This represents a $1.48 annualized dividend and a dividend yield of 3.95%. Signet Jewelers’s dividend payout ratio (DPR) is currently 19.05%.
Several analysts have recently weighed in on the company. ValuEngine downgraded Signet Jewelers from a buy rating to a hold rating in a research note on Sunday, December 31st. Zacks Investment Research raised shares of Signet Jewelers from a strong sell rating to a hold rating in a research report on Tuesday, January 23rd. Royal Bank of Canada cut shares of Signet Jewelers from an outperform rating to a sector perform rating and reduced their price target for the stock from $60.00 to $55.00 in a research report on Friday, January 12th. Vetr cut shares of Signet Jewelers from a strong-buy rating to a buy rating and set a $57.72 target price on the stock. in a report on Monday, December 11th. Finally, Wells Fargo set a $52.00 target price on shares of Signet Jewelers and gave the stock a hold rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and three have assigned a buy rating to the company’s stock. Signet Jewelers presently has an average rating of Hold and a consensus price target of $52.65.
In related news, insider Oded Edelman acquired 90,398 shares of the stock in a transaction that occurred on Friday, January 12th. The shares were acquired at an average price of $55.31 per share, for a total transaction of $4,999,913.38. Following the completion of the purchase, the insider now directly owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.52% of the stock is owned by company insiders.
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About Signet Jewelers
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, Puerto Rico, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands.
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