Signet Jewelers (NYSE:SIG) Releases FY25 Earnings Guidance

Signet Jewelers (NYSE:SIG) updated its FY25 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $9.90-11.52 for the period, compared to the consensus estimate of $10.55. The company issued revenue guidance of $6.66-7.02 billion, compared to the consensus revenue estimate of $6.83 billion. Signet Jewelers also updated its FY 2025 guidance to 9.900-11.520 EPS.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Citigroup reiterated a buy rating and set a $119.00 target price on shares of Signet Jewelers in a research note on Friday. StockNews.com downgraded Signet Jewelers from a buy rating to a hold rating in a research note on Saturday, April 27th. Bank of America reduced their target price on Signet Jewelers from $110.00 to $100.00 and set a neutral rating for the company in a research note on Thursday, March 21st. Wells Fargo & Company boosted their price target on Signet Jewelers from $120.00 to $125.00 and gave the company an overweight rating in a research note on Monday, June 3rd. Finally, UBS Group boosted their price target on Signet Jewelers from $128.00 to $152.00 and gave the company a buy rating in a research note on Thursday, April 4th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Signet Jewelers presently has a consensus rating of Moderate Buy and a consensus target price of $121.20.

Signet Jewelers Price Performance

SIG opened at $87.18 on Friday. The company has a market capitalization of $3.88 billion, a PE ratio of 7.09, a price-to-earnings-growth ratio of 0.96 and a beta of 2.12. The business has a fifty day simple moving average of $100.28 and a 200 day simple moving average of $99.80. Signet Jewelers has a 1 year low of $57.10 and a 1 year high of $112.06.

Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, June 13th. The company reported $1.11 earnings per share for the quarter, beating the consensus estimate of $0.82 by $0.29. The firm had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.52 billion. Signet Jewelers had a return on equity of 33.86% and a net margin of 10.91%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.78 EPS. Equities analysts anticipate that Signet Jewelers will post 10.77 earnings per share for the current fiscal year.

Signet Jewelers Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 23rd. Shareholders of record on Friday, July 26th will be issued a $0.29 dividend. The ex-dividend date of this dividend is Friday, July 26th. This represents a $1.16 annualized dividend and a yield of 1.33%. Signet Jewelers’s dividend payout ratio is presently 9.43%.

Insider Buying and Selling at Signet Jewelers

In other news, CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total transaction of $406,560.00. Following the completion of the transaction, the chief accounting officer now owns 46,076 shares of the company’s stock, valued at approximately $4,683,164.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, Director H. Todd Stitzer sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $102.41, for a total transaction of $512,050.00. Following the completion of the transaction, the director now owns 56,678 shares of the company’s stock, valued at approximately $5,804,393.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Vincent Ciccolini sold 4,000 shares of the business’s stock in a transaction on Friday, April 26th. The stock was sold at an average price of $101.64, for a total value of $406,560.00. Following the transaction, the chief accounting officer now directly owns 46,076 shares of the company’s stock, valued at approximately $4,683,164.64. The disclosure for this sale can be found here. Insiders sold 35,431 shares of company stock valued at $3,444,267 in the last three months. Corporate insiders own 3.26% of the company’s stock.

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.