Signet Jewelers (SIG) Set to Announce Quarterly Earnings on Thursday

Signet Jewelers (NYSE:SIG) will be posting its quarterly earnings results before the market opens on Thursday, December 5th. Analysts expect Signet Jewelers to post earnings of $0.29 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. The business had revenue of $1.49 billion for the quarter, compared to the consensus estimate of $1.50 billion. Signet Jewelers had a return on equity of 29.90% and a net margin of 8.58%. Signet Jewelers’s revenue was down 7.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.55 EPS. On average, analysts expect Signet Jewelers to post $11 EPS for the current fiscal year and $11 EPS for the next fiscal year.

Signet Jewelers Price Performance

NYSE SIG opened at $99.45 on Tuesday. The stock’s 50 day simple moving average is $97.33 and its 200 day simple moving average is $91.59. Signet Jewelers has a one year low of $72.26 and a one year high of $112.06. The firm has a market cap of $4.38 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 1.14 and a beta of 2.12.

Signet Jewelers Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, October 25th were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend was Friday, October 25th. Signet Jewelers’s payout ratio is presently 13.43%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 price target on shares of Signet Jewelers in a research report on Wednesday, November 27th. Bank of America reduced their target price on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a research report on Friday, September 13th. Wells Fargo & Company increased their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, October 23rd. UBS Group dropped their price objective on shares of Signet Jewelers from $145.00 to $132.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, StockNews.com upgraded Signet Jewelers from a “hold” rating to a “buy” rating in a research report on Thursday, November 28th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $109.60.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, insider Mary Elizabeth Finn sold 3,763 shares of the firm’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $92.32, for a total transaction of $347,400.16. Following the transaction, the insider now owns 43,058 shares in the company, valued at approximately $3,975,114.56. This trade represents a 8.04 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $99.63, for a total value of $332,066.79. Following the completion of the sale, the director now directly owns 26,085 shares of the company’s stock, valued at approximately $2,598,848.55. This trade represents a 11.33 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 46,957 shares of company stock worth $4,599,306 in the last quarter. 3.26% of the stock is owned by company insiders.

About Signet Jewelers

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.