Signet Jewelers (NYSE:SIG) Releases FY25 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $9.90-11.52 for the period, compared to the consensus earnings per share estimate of $10.29. The company issued revenue guidance of $6.66-7.02 billion, compared to the consensus revenue estimate of $6.77 billion. Signet Jewelers also updated its FY 2025 guidance to 9.900-11.520 EPS.

Signet Jewelers Stock Performance

Shares of Signet Jewelers stock opened at $78.11 on Thursday. The firm has a market cap of $3.48 billion, a PE ratio of 6.35, a P/E/G ratio of 0.83 and a beta of 2.10. The business’s 50 day simple moving average is $81.36 and its 200 day simple moving average is $92.39. Signet Jewelers has a 52-week low of $65.12 and a 52-week high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.29. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The firm’s revenue for the quarter was down 9.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.78 earnings per share. As a group, equities research analysts predict that Signet Jewelers will post 10.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company dropped 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. Telsey Advisory Group decreased their price objective on shares of Signet Jewelers from $105.00 to $87.00 and set a market perform rating for the company in a research report on Monday. StockNews.com cut shares of Signet Jewelers from a buy rating to a hold rating in a report on Wednesday, September 4th. UBS Group reduced their price target on Signet Jewelers from $145.00 to $132.00 and set a buy rating for the company in a report on Wednesday. Finally, Citigroup reissued a buy rating and set a $119.00 price target on shares of Signet Jewelers in a research report on Friday, June 14th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of $108.60.

Insiders Place Their Bets

In other news, insider Rebecca Wooters sold 3,000 shares of the stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $90.34, for a total transaction of $271,020.00. Following the transaction, the insider now owns 90,494 shares in the company, valued at $8,175,227.96. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $91.81, for a total value of $734,480.00. Following the completion of the sale, the insider now directly owns 189,231 shares in the company, valued at $17,373,298.11. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Rebecca Wooters sold 3,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now owns 90,494 shares in the company, valued at approximately $8,175,227.96. The disclosure for this sale can be found here. Insiders sold 57,439 shares of company stock worth $4,809,869 over the last three months. Insiders own 3.26% of the company’s stock.

About Signet Jewelers

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.