Signet Jewelers (SIG) Set to Announce Earnings on Thursday

Signet Jewelers (NYSE:SIG) will be releasing its earnings data before the market opens on Thursday, December 5th. Analysts expect Signet Jewelers to post earnings of $0.29 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the company earned $1.55 EPS. The firm’s revenue was down 7.6% compared to the same quarter last year. On average, analysts expect Signet Jewelers to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Signet Jewelers Price Performance

NYSE:SIG opened at $98.31 on Wednesday. The firm’s 50 day simple moving average is $97.36 and its 200 day simple moving average is $91.58. Signet Jewelers has a one year low of $72.26 and a one year high of $112.06. The company has a market cap of $4.33 billion, a PE ratio of 11.38, a P/E/G ratio of 1.13 and a beta of 2.10.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, October 25th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, October 25th. This represents a $1.16 annualized dividend and a yield of 1.18%. Signet Jewelers’s dividend payout ratio is presently 13.43%.

Analysts Set New Price Targets

Several research firms recently commented on SIG. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday, November 27th. UBS Group lowered their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. StockNews.com upgraded shares of Signet Jewelers from a “hold” rating to a “buy” rating in a report on Thursday, November 28th. Wells Fargo & Company raised their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the stock an “overweight” rating in a report on Wednesday, October 23rd. Finally, Bank of America lowered their price target on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, September 13th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Signet Jewelers presently has an average rating of “Moderate Buy” and a consensus price target of $109.60.

Insider Activity

In other Signet Jewelers news, CEO Virginia Drosos sold 600 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $101.25, for a total transaction of $60,750.00. Following the completion of the sale, the chief executive officer now owns 728,220 shares in the company, valued at approximately $73,732,275. The trade was a 0.08 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Rebecca Wooters sold 22,151 shares of the business’s stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total transaction of $2,192,949.00. Following the sale, the insider now owns 68,343 shares of the company’s stock, valued at $6,765,957. This trade represents a 24.48 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,957 shares of company stock worth $4,599,306 in the last quarter. 3.26% of the stock is owned by corporate insiders.

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.