Signet Jewelers Ltd. (SIG) Expected to Announce Quarterly Sales of $1.17 Billion

Equities analysts expect Signet Jewelers Ltd. (NYSE:SIG) to post $1.17 billion in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Signet Jewelers’ earnings, with the highest sales estimate coming in at $1.18 billion and the lowest estimate coming in at $1.17 billion. Signet Jewelers posted sales of $1.16 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 0.9%. The firm is scheduled to issue its next earnings report on Tuesday, November 20th.

On average, analysts expect that Signet Jewelers will report full year sales of $6.26 billion for the current year, with estimates ranging from $6.24 billion to $6.28 billion. For the next financial year, analysts anticipate that the company will post sales of $6.17 billion, with estimates ranging from $6.15 billion to $6.19 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research firms that that provide coverage for Signet Jewelers.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, August 30th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.32. The firm had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.34 billion. Signet Jewelers had a positive return on equity of 17.52% and a negative net margin of 2.84%. The business’s revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.33 earnings per share.



Several brokerages have issued reports on SIG. ValuEngine lowered Signet Jewelers from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 3rd. Zacks Investment Research upgraded Signet Jewelers from a “hold” rating to a “buy” rating and set a $70.00 target price on the stock in a research note on Thursday, September 6th. Nomura lowered Signet Jewelers from a “buy” rating to a “neutral” rating and set a $62.00 target price on the stock. in a research note on Tuesday, July 31st. They noted that the move was a valuation call. TheStreet upgraded Signet Jewelers from a “d+” rating to a “c-” rating in a research note on Tuesday, August 21st. Finally, Wells Fargo & Co restated a “hold” rating and issued a $65.00 target price (up from $50.00) on shares of Signet Jewelers in a research note on Thursday, August 30th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company. Signet Jewelers presently has an average rating of “Hold” and an average price target of $55.13.

Large investors have recently added to or reduced their stakes in the stock. Nisa Investment Advisors LLC bought a new stake in shares of Signet Jewelers during the 2nd quarter valued at $112,000. Itau Unibanco Holding S.A. bought a new stake in shares of Signet Jewelers during the 2nd quarter valued at $132,000. NuWave Investment Management LLC raised its stake in shares of Signet Jewelers by 140.1% during the 3rd quarter. NuWave Investment Management LLC now owns 2,840 shares of the company’s stock valued at $187,000 after purchasing an additional 1,657 shares during the period. Trilogy Capital Inc. bought a new stake in shares of Signet Jewelers during the 1st quarter valued at $121,000. Finally, St. Johns Investment Management Company LLC bought a new stake in shares of Signet Jewelers during the 2nd quarter valued at $193,000. Institutional investors own 93.60% of the company’s stock.

Shares of SIG traded down $0.52 during mid-day trading on Friday, hitting $51.05. The stock had a trading volume of 1,814,380 shares, compared to its average volume of 2,170,175. The firm has a market cap of $2.75 billion, a PE ratio of 7.84, a PEG ratio of 1.92 and a beta of 0.77. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 0.47. Signet Jewelers has a 52 week low of $33.11 and a 52 week high of $77.94.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Investors of record on Friday, November 2nd will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 2.90%. Signet Jewelers’s payout ratio is 22.73%.

Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.

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