Signet Jewelers (NYSE:SIG) issued its quarterly earnings data on Thursday. The company reported ($1.06) earnings per share for the quarter, topping the consensus estimate of ($1.08) by $0.02, MarketWatch Earnings reports. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. Signet Jewelers had a negative net margin of 3.23% and a positive return on equity of 15.90%. The company’s revenue was up 3.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.05 EPS.
SIG stock opened at $38.55 on Friday. Signet Jewelers has a 12 month low of $33.11 and a 12 month high of $71.07. The firm has a market capitalization of $2.13 billion, a P/E ratio of 5.92, a price-to-earnings-growth ratio of 1.48 and a beta of 0.89. The company has a quick ratio of 0.47, a current ratio of 2.20 and a debt-to-equity ratio of 0.49.
Several analysts have recently weighed in on SIG shares. Zacks Investment Research downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Tuesday, August 28th. Citigroup upgraded shares of Signet Jewelers from a “sell” rating to a “neutral” rating in a research report on Friday, October 26th. Wells Fargo & Co restated a “hold” rating and set a $65.00 price objective (up previously from $50.00) on shares of Signet Jewelers in a research report on Thursday, August 30th. ValuEngine upgraded shares of Signet Jewelers from a “strong sell” rating to a “sell” rating in a research report on Friday, August 10th. Finally, TheStreet upgraded shares of Signet Jewelers from a “d+” rating to a “c-” rating in a research report on Tuesday, August 21st. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. Signet Jewelers has an average rating of “Hold” and a consensus price target of $54.06.
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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