Signet Jewelers (NYSE:SIG) posted its earnings results on Wednesday. The company reported $2.23 EPS for the quarter, beating the 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 company had revenue of $1.69 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the prior year, the business earned ($1.59) earnings per share. The firm’s revenue for the quarter was up 98.2% on a year-over-year basis.
NYSE SIG opened at $69.58 on Friday. The business’s fifty day simple moving average is $61.29. The company has a quick ratio of 0.78, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. Signet Jewelers has a fifty-two week low of $9.70 and a fifty-two week high of $74.80. The company has a market capitalization of $3.64 billion, a PE ratio of -49.00 and a beta of 2.61.
Several equities analysts have recently commented on SIG shares. Zacks Investment Research raised Signet Jewelers from a “hold” rating to a “strong-buy” rating and set a $66.00 target price on the stock in a research report on Wednesday, April 21st. Citigroup increased their price target on Signet Jewelers from $68.00 to $79.00 and gave the stock a “neutral” rating in a research report on Friday. Wells Fargo & Company raised Signet Jewelers from an “underweight” rating to an “equal weight” rating and increased their price target for the stock from $57.00 to $70.00 in a research report on Thursday. Finally, Telsey Advisory Group increased their price target on Signet Jewelers from $60.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 13th. Five research analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $65.00.
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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