Equities Analysts Set Expectations for Signet Jewelers Ltd.’s FY2020 Earnings (NYSE:SIG)

Signet Jewelers Ltd. (NYSE:SIG) – Northcoast Research cut their FY2020 earnings per share (EPS) estimates for shares of Signet Jewelers in a report issued on Monday, December 2nd. Northcoast Research analyst T. Vierengel now forecasts that the company will post earnings of $2.82 per share for the year, down from their prior estimate of $3.06. Northcoast Research also issued estimates for Signet Jewelers’ Q4 2020 earnings at $3.09 EPS.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, September 5th. The company reported $0.51 EPS for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.26. The company had revenue of $1.36 billion for the quarter, compared to analysts’ expectations of $1.34 billion. Signet Jewelers had a positive return on equity of 17.75% and a negative net margin of 2.99%. The firm’s quarterly revenue was down 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 earnings per share.

SIG has been the subject of several other reports. Citigroup decreased their target price on shares of Signet Jewelers from $17.00 to $12.00 and set a “sell” rating for the company in a research note on Friday, September 6th. Zacks Investment Research raised shares of Signet Jewelers from a “sell” rating to a “hold” rating and set a $15.00 price target on the stock in a research note on Monday, August 12th. ValuEngine downgraded shares of Signet Jewelers from a “hold” rating to a “sell” rating in a research note on Friday, November 1st. Finally, Bank of America cut their price objective on shares of Signet Jewelers from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Friday, September 6th. Two research analysts have rated the stock with a sell rating and seven have assigned a hold rating to the company’s stock. Signet Jewelers currently has a consensus rating of “Hold” and a consensus price target of $24.29.

SIG opened at $17.40 on Tuesday. The firm’s 50 day moving average is $16.71 and its 200-day moving average is $16.82. Signet Jewelers has a 52-week low of $10.40 and a 52-week high of $54.04. The company has a quick ratio of 0.37, a current ratio of 2.10 and a debt-to-equity ratio of 1.95. The firm has a market capitalization of $960.07 million, a P/E ratio of 4.68, a P/E/G ratio of 0.92 and a beta of 1.03.

The firm also recently announced a — dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 1st were paid a dividend of $0.37 per share. This represents a dividend yield of 10.5%. The ex-dividend date was Thursday, October 31st. Signet Jewelers’s dividend payout ratio (DPR) is currently 39.78%.

In related news, CEO Virginia Drosos purchased 4,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were purchased at an average cost of $14.14 per share, with a total value of $56,560.00. Following the completion of the acquisition, the chief executive officer now directly owns 232,181 shares of the company’s stock, valued at approximately $3,283,039.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Joan M. Hilson acquired 7,500 shares of Signet Jewelers stock in a transaction on Friday, September 6th. The shares were bought at an average price of $14.46 per share, for a total transaction of $108,450.00. Following the completion of the purchase, the chief financial officer now directly owns 33,127 shares in the company, valued at $479,016.42. The disclosure for this purchase can be found here. Corporate insiders own 0.96% of the company’s stock.

A number of hedge funds have recently made changes to their positions in SIG. Canada Pension Plan Investment Board increased its holdings in shares of Signet Jewelers by 65.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 1,119,035 shares of the company’s stock valued at $20,008,000 after acquiring an additional 444,017 shares during the last quarter. Maverick Capital Ltd. boosted its holdings in Signet Jewelers by 138.3% in the third quarter. Maverick Capital Ltd. now owns 761,829 shares of the company’s stock worth $12,768,000 after purchasing an additional 442,109 shares during the period. Squarepoint Ops LLC boosted its holdings in Signet Jewelers by 112.7% in the third quarter. Squarepoint Ops LLC now owns 769,203 shares of the company’s stock worth $12,892,000 after purchasing an additional 407,487 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Signet Jewelers by 89.1% in the second quarter. Robeco Institutional Asset Management B.V. now owns 741,588 shares of the company’s stock worth $13,261,000 after purchasing an additional 349,327 shares during the period. Finally, Atria Investments LLC bought a new stake in Signet Jewelers during the second quarter valued at $71,822,000.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates 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, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and JamesAllen.com, an online jewelry retailer Website.

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Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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