Signet Jewelers (NYSE:SIG) updated its FY 2020
Pre-Market earnings guidance on Thursday. The company provided earnings per share guidance of 3.61-3.69 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $3.26. The company issued revenue guidance of $6.1-6.1 billion, compared to the consensus revenue estimate of $6.06 billion.Signet Jewelers also updated its Q4 guidance to $3.44-3.52 EPS.
A number of brokerages recently commented on SIG. Telsey Advisory Group raised their price objective on shares of Signet Jewelers from $20.00 to $32.00 and gave the stock a market perform rating in a report on Friday. ValuEngine upgraded shares of Signet Jewelers from a sell rating to a hold rating in a report on Saturday, December 7th. Wells Fargo & Co raised their price objective on shares of Signet Jewelers from $12.00 to $18.00 and gave the stock an underweight rating in a report on Friday. Finally, Citigroup raised their price objective on shares of Signet Jewelers from $13.00 to $22.00 and gave the stock a sell rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $20.67.
Shares of NYSE:SIG opened at $29.68 on Friday. Signet Jewelers has a 12 month low of $10.40 and a 12 month high of $31.44. The company has a quick ratio of 0.30, a current ratio of 2.12 and a debt-to-equity ratio of 2.13. The company’s fifty day simple moving average is $20.11 and its 200 day simple moving average is $17.05. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 7.98, a PEG ratio of 1.00 and a beta of 1.09.
Signet Jewelers (NYSE:SIG) last issued its quarterly earnings data on Thursday, December 5th. The company reported ($0.76) EPS for the quarter, topping analysts’ consensus estimates of ($1.07) by $0.31. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.14 billion. Signet Jewelers had a negative net margin of 3.09% and a positive return on equity of 20.27%. The firm’s quarterly revenue was down .3% on a year-over-year basis. During the same period last year, the business posted ($1.06) earnings per share. Research analysts expect that Signet Jewelers will post 3.25 earnings per share for the current fiscal year.
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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