Equities analysts expect Signet Jewelers Limited (NYSE:SIG) to post sales of $1.34 billion for the current quarter, Zacks reports. Three analysts have provided estimates for Signet Jewelers Limited’s earnings. The lowest sales estimate is $1.32 billion and the highest is $1.35 billion. Signet Jewelers Limited reported sales of $1.37 billion in the same quarter last year, which would suggest a negative year over year growth rate of 2.2%. The business is expected to report its next earnings results before the market opens on Thursday, August 24th.
According to Zacks, analysts expect that Signet Jewelers Limited will report full-year sales of $1.34 billion for the current financial year, with estimates ranging from $6.18 billion to $6.22 billion. For the next year, analysts anticipate that the business will report sales of $6.14 billion per share, with estimates ranging from $6.11 billion to $6.20 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Signet Jewelers Limited.
Signet Jewelers Limited (NYSE:SIG) last released its quarterly earnings data on Thursday, May 25th. The company reported $1.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.66 by $0.63. Signet Jewelers Limited had a net margin of 7.46% and a return on equity of 19.20%. The company had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same quarter in the previous year, the firm posted $1.95 earnings per share. The business’s revenue for the quarter was down 11.1% compared to the same quarter last year.
SIG has been the topic of several analyst reports. ValuEngine downgraded Signet Jewelers Limited from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. CL King downgraded Signet Jewelers Limited from a “buy” rating to a “neutral” rating and set a $85.00 target price on the stock. in a research report on Friday, May 26th. Bank of America Corporation reiterated a “buy” rating and set a $75.00 target price on shares of Signet Jewelers Limited in a research report on Wednesday, June 21st. Royal Bank Of Canada set a $63.00 target price on Signet Jewelers Limited and gave the company a “buy” rating in a research report on Friday, May 26th. Finally, Nomura set a $70.00 target price on Signet Jewelers Limited and gave the company a “buy” rating in a research report on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $77.35.
Signet Jewelers Limited (SIG) traded down 2.82% during mid-day trading on Friday, hitting $60.25. The company had a trading volume of 1,547,496 shares. The company has a market capitalization of $4.12 billion, a price-to-earnings ratio of 9.57 and a beta of 1.00. The firm’s 50 day moving average is $60.45 and its 200 day moving average is $65.43. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $101.46.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Friday, July 28th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, July 26th. This represents a $1.24 annualized dividend and a dividend yield of 2.06%. Signet Jewelers Limited’s dividend payout ratio (DPR) is 19.97%.
In other news, Director H. Todd Stitzer bought 2,090 shares of Signet Jewelers Limited stock in a transaction dated Wednesday, May 31st. The shares were purchased at an average cost of $47.91 per share, with a total value of $100,131.90. Following the completion of the acquisition, the director now owns 16,823 shares of the company’s stock, valued at approximately $805,989.93. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.52% of the company’s stock.
Several large investors have recently modified their holdings of the company. Ameritas Investment Partners Inc. purchased a new stake in shares of Signet Jewelers Limited during the first quarter valued at about $115,000. James Investment Research Inc. purchased a new stake in shares of Signet Jewelers Limited during the first quarter valued at about $133,000. Daiwa Securities Group Inc. boosted its stake in shares of Signet Jewelers Limited by 16.7% in the first quarter. Daiwa Securities Group Inc. now owns 2,100 shares of the company’s stock valued at $145,000 after buying an additional 300 shares during the period. FNY Managed Accounts LLC purchased a new stake in shares of Signet Jewelers Limited during the first quarter valued at about $153,000. Finally, Nordea Investment Management AB boosted its stake in shares of Signet Jewelers Limited by 2.5% in the first quarter. Nordea Investment Management AB now owns 2,699 shares of the company’s stock valued at $187,000 after buying an additional 65 shares during the period.
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Signet Jewelers Limited Company Profile
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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