Signet Jewelers (NYSE:SIG) Updates FY 2025 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 9.900-11.520 for the period, compared to the consensus earnings per share estimate of 10.550. The company issued revenue guidance of $6.7 billion-$7.0 billion, compared to the consensus revenue estimate of $6.8 billion. Signet Jewelers also updated its FY25 guidance to $9.90-11.52 EPS.

Signet Jewelers Trading Down 5.5 %

SIG opened at $87.18 on Friday. Signet Jewelers has a twelve month low of $57.10 and a twelve month high of $112.06. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 7.09, a PEG ratio of 0.96 and a beta of 2.12. The company has a fifty day simple moving average of $100.28 and a 200 day simple moving average of $99.80.

Signet Jewelers (NYSE:SIG) last issued its quarterly earnings results on Thursday, June 13th. The company reported $1.11 EPS for the quarter, topping the consensus estimate of $0.82 by $0.29. The business had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.52 billion. Signet Jewelers had a net margin of 10.91% and a return on equity of 33.86%. The company’s quarterly revenue was down 9.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.78 earnings per share. On average, analysts forecast that Signet Jewelers will post 10.77 earnings per share for the current fiscal year.

Signet Jewelers Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 23rd. Stockholders of record on Friday, July 26th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.33%. The ex-dividend date is Friday, July 26th. Signet Jewelers’s dividend payout ratio (DPR) is 9.43%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on SIG. Bank of America cut their price objective on shares of Signet Jewelers from $110.00 to $100.00 and set a neutral rating on the stock in a research report on Thursday, March 21st. Telsey Advisory Group reiterated a market perform rating and set a $110.00 price objective on shares of Signet Jewelers in a research report on Thursday. UBS Group lifted their target price on Signet Jewelers from $128.00 to $152.00 and gave the company a buy rating in a research note on Thursday, April 4th. StockNews.com cut Signet Jewelers from a buy rating to a hold rating in a research note on Saturday, April 27th. Finally, Citigroup restated a buy rating and set a $119.00 price objective on shares of Signet Jewelers in a research note on Friday. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $121.20.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, insider William Brace sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the completion of the sale, the insider now owns 75,664 shares of the company’s stock, valued at $7,490,736. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, insider William Brace sold 3,000 shares of the business’s stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $99.00, for a total transaction of $297,000.00. Following the completion of the transaction, the insider now owns 75,664 shares of the company’s stock, valued at approximately $7,490,736. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director H. Todd Stitzer sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, April 22nd. The shares were sold at an average price of $100.09, for a total value of $1,000,900.00. Following the completion of the sale, the director now directly owns 41,678 shares in the company, valued at approximately $4,171,551.02. 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.