Signet Jewelers (NYSE:SIG) Issues FY20 Earnings Guidance

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Signet Jewelers (NYSE:SIG) issued an update on its FY20 earnings guidance on Thursday morning. The company provided earnings per share guidance of $3.11-3.29 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.91. The company issued revenue guidance of $6.01-6.05 billion, compared to the consensus revenue estimate of $6.02 billion.Signet Jewelers also updated its Q4 guidance to $3.01-3.16 EPS.

SIG opened at $16.65 on Thursday. The company has a quick ratio of 0.37, a current ratio of 2.10 and a debt-to-equity ratio of 1.95. The firm has a market cap of $960.07 million, a PE ratio of 4.48, a P/E/G ratio of 0.92 and a beta of 1.03. The business has a fifty day simple moving average of $16.71 and a 200-day simple moving average of $16.78. Signet Jewelers has a fifty-two week low of $10.40 and a fifty-two week high of $44.19.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 5th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.25 by $0.26. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. The business had revenue of $1.36 billion during the quarter, compared to the consensus estimate of $1.34 billion. During the same period in the prior year, the business posted $0.52 earnings per share. Signet Jewelers’s revenue was down 3.9% compared to the same quarter last year. On average, equities research analysts anticipate that Signet Jewelers will post 2.95 EPS for the current fiscal year.

The business also recently declared a — dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 1st were paid a $0.37 dividend. The ex-dividend date was Thursday, October 31st. This represents a yield of 10.5%. Signet Jewelers’s dividend payout ratio is currently 39.78%.

Several analysts have issued reports on the company. Citigroup cut their price objective on Signet Jewelers from $17.00 to $12.00 and set a sell rating on the stock in a report on Friday, September 6th. Bank of America decreased their target price on shares of Signet Jewelers from $20.00 to $16.00 and set a neutral rating for the company in a report on Friday, September 6th. Zacks Investment Research raised shares of Signet Jewelers from a sell rating to a hold rating and set a $15.00 target price on the stock in a research report on Monday, August 12th. Finally, ValuEngine lowered shares of Signet Jewelers from a hold rating to a sell rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. Signet Jewelers currently has a consensus rating of Hold and a consensus price target of $24.29.

In other Signet Jewelers news, CEO Virginia Drosos purchased 4,000 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $14.14 per share, with a total value of $56,560.00. Following the completion of the transaction, the chief executive officer now owns 232,181 shares of the company’s stock, valued at $3,283,039.34. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Joan M. Hilson purchased 7,500 shares of the company’s stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $14.46 per share, for a total transaction of $108,450.00. Following the completion of the transaction, the chief financial officer now directly owns 33,127 shares of the company’s stock, valued at approximately $479,016.42. The disclosure for this purchase can be found here. Company insiders own 0.96% of the company’s stock.

Signet Jewelers Company Profile

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 JamesAllen.com, an online jewelry retailer Website.

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

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