Wall Street brokerages expect that Signet Jewelers (NYSE:SIG) will post earnings per share (EPS) of ($0.11) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Signet Jewelers’ earnings. The lowest EPS estimate is ($0.11) and the highest is ($0.10). Signet Jewelers reported earnings per share of $1.03 during the same quarter last year, which would suggest a negative year-over-year growth rate of 110.7%. The company is expected to report its next quarterly earnings report before the market opens on Wednesday, June 6th.
On average, analysts expect that Signet Jewelers will report full-year earnings of $3.97 per share for the current financial year, with EPS estimates ranging from $3.89 to $4.03. For the next year, analysts expect that the firm will post earnings of $3.84 per share, with EPS estimates ranging from $3.62 to $4.01. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that cover Signet Jewelers.
Signet Jewelers (NYSE:SIG) last posted its quarterly earnings results on Wednesday, March 14th. The company reported $4.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $4.26 by $0.02. The business had revenue of $2.29 billion during the quarter, compared to analysts’ expectations of $2.24 billion. Signet Jewelers had a net margin of 8.30% and a return on equity of 20.34%. The business’s quarterly revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company posted $4.03 earnings per share.
A number of analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Signet Jewelers from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 23rd. ValuEngine lowered shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, March 1st. JPMorgan Chase reiterated a “hold” rating and issued a $52.00 price objective on shares of Signet Jewelers in a research note on Monday, March 12th. Finally, Bank of America lowered shares of Signet Jewelers from a “buy” rating to a “neutral” rating and set a $43.00 price objective on the stock. in a research note on Tuesday, March 20th. One investment analyst has rated the stock with a sell rating, fourteen have issued a hold rating and three have assigned a buy rating to the company’s stock. Signet Jewelers currently has a consensus rating of “Hold” and an average target price of $52.45.
Shares of NYSE SIG traded down $0.05 during midday trading on Tuesday, reaching $39.84. The company had a trading volume of 1,166,268 shares, compared to its average volume of 2,469,360. The stock has a market cap of $2.33 billion, a P/E ratio of 6.12, a P/E/G ratio of 1.24 and a beta of 0.84. Signet Jewelers has a 1 year low of $33.11 and a 1 year high of $77.94. The company has a current ratio of 3.32, a quick ratio of 1.12 and a debt-to-equity ratio of 0.28.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 1st. Shareholders of record on Friday, May 4th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.71%. This is an increase from Signet Jewelers’s previous quarterly dividend of $0.31. The ex-dividend date is Thursday, May 3rd. Signet Jewelers’s dividend payout ratio (DPR) is presently 22.73%.
In related news, CEO Virginia Drosos acquired 4,830 shares of the firm’s stock in a transaction on Friday, April 13th. The shares were acquired at an average cost of $38.73 per share, with a total value of $187,065.90. Following the completion of the acquisition, the chief executive officer now directly owns 116,682 shares in the company, valued at approximately $4,519,093.86. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 0.87% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the business. Amundi Pioneer Asset Management Inc. purchased a new position in Signet Jewelers during the fourth quarter valued at $109,000. Delpha Capital Management LLC purchased a new position in Signet Jewelers during the fourth quarter valued at $113,000. First Mercantile Trust Co. purchased a new position in Signet Jewelers during the fourth quarter valued at $157,000. Paragon Capital Management Ltd purchased a new position in Signet Jewelers during the fourth quarter valued at $210,000. Finally, NuWave Investment Management LLC lifted its holdings in Signet Jewelers by 496.0% during the first quarter. NuWave Investment Management LLC now owns 5,912 shares of the company’s stock valued at $228,000 after purchasing an additional 4,920 shares in the last quarter. 96.71% of the stock is currently owned by institutional investors and hedge funds.
About Signet Jewelers
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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