Signet Jewelers (NYSE:SIG) Posts Earnings Results, Beats Estimates By $0.96 EPS

Signet Jewelers (NYSE:SIG) announced its quarterly earnings results on Wednesday. The company reported $2.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.27 by $0.96, MarketWatch Earnings reports. Signet Jewelers had a positive return on equity of 13.68% and a negative net margin of 0.32%. The business had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the business posted ($1.59) EPS. The business’s revenue was up 98.2% compared to the same quarter last year.

Shares of SIG opened at $69.58 on Friday. The stock’s 50-day moving average price is $61.29. Signet Jewelers has a one year low of $9.70 and a one year high of $74.80. The company has a current ratio of 1.79, a quick ratio of 0.78 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.64 billion, a PE ratio of -49.00 and a beta of 2.61.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Shareholders of record on Friday, July 30th will be given a dividend of $0.18 per share. The ex-dividend date is Thursday, July 29th. This represents a $0.72 dividend on an annualized basis and a yield of 1.03%.

A number of research analysts have recently issued reports on SIG shares. Zacks Investment Research upgraded Signet Jewelers from a “hold” rating to a “strong-buy” rating and set a $66.00 price target on the stock in a report on Wednesday, April 21st. Telsey Advisory Group boosted their target price on Signet Jewelers from $60.00 to $70.00 and gave the stock a “market perform” rating in a research note on Tuesday, April 13th. Citigroup boosted their target price on Signet Jewelers from $68.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday. Finally, Wells Fargo & Company upgraded Signet Jewelers from an “underweight” rating to an “equal weight” rating and boosted their target price for the stock from $57.00 to $70.00 in a research note on Thursday. Five equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $65.00.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. It operates through three segments: North America, International, and Other. The North America segment operates jewelry 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, and Peoples Jewellers, as well as operates online through JamesAllen.com.

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Earnings History for Signet Jewelers (NYSE:SIG)

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