Signet Jewelers (SIG) Projected to Post Earnings on Wednesday

Signet Jewelers (NYSE:SIG) is anticipated to issue its quarterly earnings data before the market opens on Wednesday, March 19th. Analysts expect the company to announce earnings of $6.39 per share and revenue of $2.33 billion for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Signet Jewelers Price Performance

Shares of SIG stock opened at $48.08 on Tuesday. The company has a market capitalization of $2.09 billion, a P/E ratio of 5.53, a P/E/G ratio of 3.43 and a beta of 2.20. The company’s 50-day simple moving average is $56.18 and its two-hundred day simple moving average is $79.06. Signet Jewelers has a one year low of $45.55 and a one year high of $112.06. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the sale, the director now owns 22,752 shares in the company, valued at approximately $1,231,565.76. This represents a 12.78 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on SIG. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Friday, December 6th. Wells Fargo & Company dropped their price objective on Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 15th. Bank of America reduced their target price on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Telsey Advisory Group lowered their price target on shares of Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating on the stock in a report on Thursday, March 13th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $93.20.

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.