Brokerages expect Signet Jewelers Ltd. (NYSE:SIG) to report $4.49 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Signet Jewelers’ earnings. The lowest EPS estimate is $4.43 and the highest is $4.54. Signet Jewelers reported earnings of $4.28 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.9%. The firm is scheduled to report its next quarterly earnings report on Wednesday, March 13th.
According to Zacks, analysts expect that Signet Jewelers will report full-year earnings of $4.24 per share for the current financial year, with EPS estimates ranging from $4.11 to $4.31. For the next fiscal year, analysts anticipate that the firm will post earnings of $4.42 per share, with EPS estimates ranging from $4.13 to $4.68. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that cover Signet Jewelers.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, December 6th. The company reported ($1.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.08) by $0.02. The company 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%. Signet Jewelers’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same period last year, the business earned $0.05 EPS.
Several analysts recently commented on the stock. Citigroup raised shares of Signet Jewelers from a “sell” rating to a “neutral” rating in a research report on Friday, October 26th. ValuEngine raised shares of Signet Jewelers from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Zacks Investment Research downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Wells Fargo & Co reissued a “hold” rating and set a $65.00 price objective (up from $50.00) on shares of Signet Jewelers in a research report on Thursday, August 30th. Finally, Telsey Advisory Group increased their price objective on shares of Signet Jewelers from $56.00 to $63.00 and gave the company a “market perform” rating in a research report on Friday, August 24th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. Signet Jewelers presently has a consensus rating of “Hold” and a consensus target price of $54.44.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in shares of Signet Jewelers during the 2nd quarter valued at about $112,000. Itau Unibanco Holding S.A. bought a new position in shares of Signet Jewelers in the 2nd quarter worth approximately $132,000. NuWave Investment Management LLC lifted its stake in shares of Signet Jewelers by 140.1% in the 3rd quarter. NuWave Investment Management LLC now owns 2,840 shares of the company’s stock worth $187,000 after purchasing an additional 1,657 shares during the period. MUFG Securities EMEA plc bought a new position in shares of Signet Jewelers in the 2nd quarter worth approximately $206,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Signet Jewelers in the 2nd quarter worth approximately $214,000.
Shares of Signet Jewelers stock opened at $41.00 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 0.47. The stock has a market capitalization of $2.60 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 1.82 and a beta of 0.89. Signet Jewelers has a 1 year low of $33.11 and a 1 year high of $71.07.
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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