Signet Jewelers (NYSE:SIG) issued an update on its FY19 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $3.75-4.25 for the period, compared to the Thomson Reuters consensus 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.
Signet Jewelers (SIG) opened at $43.00 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.76 and a current ratio of 2.63. The stock has a market cap of $2,903.56, a P/E ratio of 7.01, a P/E/G ratio of 1.00 and a beta of 0.73. Signet Jewelers has a one year low of $43.00 and a one year high of $77.94.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Wednesday, March 14th. The company reported $4.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.96 by $0.32. The business had revenue of $2.29 billion for the quarter, compared to the consensus estimate of $2.24 billion. Signet Jewelers had a net margin of 7.32% and a return on equity of 20.76%. The company’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.03 earnings per share. research analysts forecast that Signet Jewelers will post 6.49 EPS for the current fiscal year.
SIG has been the subject of several research analyst reports. Bank of America set a $66.00 price target on shares of Signet Jewelers and gave the stock a buy rating in a research report on Saturday, November 25th. Nomura reaffirmed a buy rating and set a $64.00 price target on shares of Signet Jewelers in a research report on Wednesday, November 22nd. Needham & Company LLC reaffirmed a buy rating and set a $60.00 price target on shares of Signet Jewelers in a research report on Wednesday, November 22nd. They noted that the move was a valuation call. Vetr lowered shares of Signet Jewelers from a strong-buy rating to a buy rating and set a $57.72 price target for the company. in a research report on Monday, December 11th. Finally, ValuEngine raised shares of Signet Jewelers from a hold rating to a buy rating in a research report on Wednesday, March 7th. Twelve analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus target price of $62.78.
In other Signet Jewelers news, insider Oded Edelman acquired 90,398 shares of the company’s stock in a transaction dated Friday, January 12th. The stock was bought at an average price of $55.31 per share, with a total value of $4,999,913.38. Following the completion of the transaction, the insider now directly owns 33,962 shares of the company’s stock, valued at $1,878,438.22. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.52% of the stock is owned by corporate insiders.
About Signet Jewelers
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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