Signet Jewelers (NYSE:SIG) Issues Q4 2020 Pre-Market Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its fourth quarter 2020
Pre-Market earnings guidance on Thursday morning. The company provided EPS guidance of 3.44-3.52 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.11. The company issued revenue guidance of $2.12-2.12 billion, compared to the consensus revenue estimate of $2.07 billion.Signet Jewelers also updated its FY 2020
Pre-Market guidance to 3.61-3.69 EPS.

SIG traded up $9.00 during trading on Thursday, reaching $30.49. 14,265,888 shares of the company were exchanged, compared to its average volume of 1,961,390. The company’s 50-day moving average is $19.86 and its two-hundred day moving average is $16.99. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 8.20, a P/E/G ratio of 1.00 and a beta of 1.09. The company has a quick ratio of 0.30, a current ratio of 2.12 and a debt-to-equity ratio of 2.13. Signet Jewelers has a 12-month low of $10.40 and a 12-month high of $34.31.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.76) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31. Signet Jewelers had a positive return on equity of 20.27% and a negative net margin of 3.09%. The business had revenue of $1.19 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter in the prior year, the firm posted ($1.06) EPS. The firm’s quarterly revenue was down .3% on a year-over-year basis. Equities analysts forecast that Signet Jewelers will post 3.25 earnings per share for the current year.

Several analysts have weighed in on the company. Wells Fargo & Co cut Signet Jewelers from an equal weight rating to an underweight rating and set a $12.00 price target on the stock. in a report on Thursday, January 2nd. ValuEngine raised Signet Jewelers from a sell rating to a hold rating in a report on Saturday, December 7th. Finally, Telsey Advisory Group raised their price target on Signet Jewelers from $14.00 to $20.00 and gave the company an outperform rating in a report on Friday, December 6th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company’s stock. Signet Jewelers presently has a consensus rating of Hold and an average target price of $16.00.

Signet Jewelers Company Profile

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, an online jewelry retailer Website.

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

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