Signet Jewelers (NYSE:SIG) updated its fourth quarter 2019 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $4.35-4.59 for the period, compared to the Thomson Reuters consensus estimate of $4.52. The company issued revenue guidance of $2.17-2.22 billion, compared to the consensus revenue estimate of $2.19 billion.Signet Jewelers also updated its FY 2019 guidance to $4.15-4.40 EPS.
Several equities analysts have recently issued reports on the stock. Wells Fargo & Co reissued a hold rating and issued a $65.00 price target (up previously from $50.00) on shares of Signet Jewelers in a report on Thursday, August 30th. Telsey Advisory Group reissued a market perform rating and issued a $69.00 price target (up previously from $63.00) on shares of Signet Jewelers in a report on Friday, August 31st. Citigroup lowered shares of Signet Jewelers from a neutral rating to a sell rating and set a $52.00 price target for the company. in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Signet Jewelers from a hold rating to a buy rating and set a $70.00 price target for the company in a report on Thursday, September 6th. Finally, TheStreet raised shares of Signet Jewelers from a d+ rating to a c- rating in a report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the stock. The company presently has an average rating of Hold and an average price target of $54.44.
Shares of NYSE SIG opened at $41.00 on Friday. The firm has a market capitalization of $2.60 billion, a P/E ratio of 9.91, a P/E/G ratio of 1.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 0.47. Signet Jewelers has a 1-year low of $33.11 and a 1-year high of $71.07.
Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, December 6th. The company reported ($1.06) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.08) by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.05 EPS. Sell-side analysts expect that Signet Jewelers will post 4.22 earnings per share for the current year.
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Signet Jewelers Company Profile
Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, 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, as well as JamesAllen.com, an online jewelry retailer Website.
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