Signet Jewelers (SIG) to Release Quarterly Earnings on Thursday

Signet Jewelers (NYSE:SIG) is scheduled to issue its quarterly earnings data before the market opens on Thursday, September 12th. Analysts expect the company to announce earnings of $1.13 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, June 13th. The company reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.29. Signet Jewelers had a return on equity of 32.51% and a net margin of 10.91%. The firm had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. During the same period in the previous year, the company posted $1.78 earnings per share. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. On average, analysts expect Signet Jewelers to post $11 EPS for the current fiscal year and $12 EPS for the next fiscal year.

Signet Jewelers Stock Up 0.6 %

Shares of SIG opened at $76.26 on Wednesday. Signet Jewelers has a 12-month low of $65.12 and a 12-month high of $112.06. The firm has a market capitalization of $3.40 billion, a price-to-earnings ratio of 6.20, a P/E/G ratio of 0.83 and a beta of 2.11. The stock’s 50-day moving average price is $81.57 and its 200 day moving average price is $92.49.

Signet Jewelers Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, July 26th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 1.52%. Signet Jewelers’s dividend payout ratio is 9.43%.

Insider Activity at Signet Jewelers

In related news, insider Jamie Singleton sold 18,105 shares of the company’s stock in a transaction on Monday, July 22nd. The shares were sold at an average price of $83.11, for a total value of $1,504,706.55. Following the completion of the sale, the insider now owns 162,942 shares in the company, valued at approximately $13,542,109.62. The transaction was disclosed in a filing with the SEC, which is available through this link. In other Signet Jewelers news, insider Jamie Singleton sold 18,105 shares of the stock in a transaction dated Monday, July 22nd. The stock was sold at an average price of $83.11, for a total transaction of $1,504,706.55. Following the completion of the transaction, the insider now owns 162,942 shares in the company, valued at approximately $13,542,109.62. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mary Elizabeth Finn sold 8,000 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $80.00, for a total value of $640,000.00. Following the transaction, the insider now owns 46,821 shares of the company’s stock, valued at approximately $3,745,680. The disclosure for this sale can be found here. Insiders sold a total of 57,439 shares of company stock worth $4,809,869 in the last quarter. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. StockNews.com downgraded Signet Jewelers from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Citigroup reissued a “buy” rating and issued a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th. Telsey Advisory Group reduced their target price on Signet Jewelers from $105.00 to $87.00 and set a “market perform” rating on the stock in a report on Monday. Finally, Wells Fargo & Company reduced their target price on Signet Jewelers from $125.00 to $105.00 and set an “overweight” rating on the stock in a report on Tuesday, August 27th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $112.60.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.