Signet Jewelers (NYSE:SIG) Updates FY 2020 Pre-Market Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY 2020
Pre-Market earnings guidance on Thursday morning. The company provided earnings per share guidance of 3.61-3.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.26. The company issued revenue guidance of $6.1-6.1 billion, compared to the consensus revenue estimate of $6.06 billion.Signet Jewelers also updated its Q4 guidance to $3.44-3.52 EPS.

A number of research firms recently commented on SIG. Wells Fargo & Co downgraded Signet Jewelers from an equal weight rating to an underweight rating and set a $12.00 price target for the company. in a research note on Thursday, January 2nd. ValuEngine upgraded Signet Jewelers from a sell rating to a hold rating in a research note on Saturday, December 7th. Finally, Telsey Advisory Group lifted their target price on Signet Jewelers from $14.00 to $20.00 and gave the company an outperform rating in a research note on Friday, December 6th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $16.00.

SIG stock traded up $8.54 during midday trading on Thursday, reaching $30.03. The company had a trading volume of 13,611,009 shares, compared to its average volume of 1,961,390. The stock has a 50 day moving average price of $19.86 and a 200 day moving average price of $16.99. The firm has a market capitalization of $1.10 billion, a PE ratio of 8.07, a P/E/G ratio of 1.00 and a beta of 1.09. The company has a quick ratio of 0.30, a current ratio of 2.12 and a debt-to-equity ratio of 2.13. Signet Jewelers has a fifty-two week low of $10.40 and a fifty-two week high of $34.31.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings results on Thursday, December 5th. The company reported ($0.76) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.07) by $0.31. The company had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.14 billion. Signet Jewelers had a positive return on equity of 20.27% and a negative net margin of 3.09%. The business’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($1.06) earnings per share. Research analysts predict that Signet Jewelers will post 3.25 EPS for the current year.

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, an online jewelry retailer Website.

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Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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