Signet Jewelers (NYSE:SIG) Announces Quarterly Earnings Results

Signet Jewelers (NYSE:SIG) announced its earnings results on Wednesday. The company reported $2.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.27 by $0.96, MarketWatch Earnings reports. Signet Jewelers had a negative net margin of 0.32% and a positive return on equity of 13.68%. The firm had revenue of $1.69 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same quarter in the prior year, the business posted ($1.59) EPS. The business’s revenue was up 98.2% compared to the same quarter last year.

NYSE:SIG traded up $3.21 on Friday, hitting $72.79. The company had a trading volume of 37,861 shares, compared to its average volume of 1,061,931. Signet Jewelers has a 52 week low of $9.70 and a 52 week high of $74.80. The company has a quick ratio of 0.78, a current ratio of 1.79 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.81 billion, a PE ratio of -51.50 and a beta of 2.61. The company’s 50 day moving average price is $61.29.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 27th. Investors of record on Friday, July 30th will be issued a dividend of $0.18 per share. This represents a $0.72 annualized dividend and a dividend yield of 0.99%. The ex-dividend date of this dividend is Thursday, July 29th.

A number of equities analysts have commented on the company. Citigroup raised their price objective on Signet Jewelers from $68.00 to $79.00 and gave the stock a “neutral” rating in a research note on Friday. Wells Fargo & Company raised Signet Jewelers from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $57.00 to $70.00 in a research note on Thursday. Zacks Investment Research upgraded shares of Signet Jewelers from a “hold” rating to a “strong-buy” rating and set a $66.00 price objective on the stock in a research note on Wednesday, April 21st. Citigroup Inc. 3% Minimum Coupon Principal Protected Based Upon Russell boosted their target price on shares of Signet Jewelers from $68.00 to $79.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Telsey Advisory Group increased their price target on shares of Signet Jewelers from $60.00 to $70.00 and gave the stock a “market perform” rating in a research report on Tuesday, April 13th. Five equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $72.80.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. It operates through three segments: North America, International, and Other. The North America segment operates jewelry 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, and Peoples Jewellers, as well as operates online through JamesAllen.com.

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Earnings History for Signet Jewelers (NYSE:SIG)

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