Signet Jewelers (SIG) to Release Earnings on Thursday

Signet Jewelers (NYSE:SIG) will issue its quarterly earnings data before the market opens on Thursday, December 5th. Analysts expect the company to announce earnings of $0.29 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping analysts’ consensus estimates of $1.14 by $0.11. The firm 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%. The firm’s revenue was down 7.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.55 earnings per share. 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 Stock Down 2.1 %

SIG stock opened at $99.98 on Thursday. The firm has a 50 day moving average of $97.03 and a two-hundred day moving average of $91.61. Signet Jewelers has a 12 month low of $72.26 and a 12 month high of $112.06. The company has a market capitalization of $4.40 billion, a price-to-earnings ratio of 11.77, a P/E/G ratio of 1.18 and a beta of 2.12.

Signet Jewelers Dividend Announcement

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

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. UBS Group cut their target price on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. StockNews.com lowered Signet Jewelers from a “buy” rating to a “hold” rating in a report on Thursday, November 14th. Telsey Advisory Group reaffirmed a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday. Wells Fargo & Company lifted their price target on shares of Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, October 23rd. Finally, Bank of America reduced their price objective on shares of Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating for the company in a research note on Friday, September 13th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, Signet Jewelers currently has a consensus rating of “Moderate Buy” and a consensus price target of $109.60.

Insider Buying and Selling

In other Signet Jewelers news, insider Rebecca Wooters sold 22,151 shares of the stock in a transaction on Tuesday, September 24th. The shares were sold at an average price of $99.00, for a total value of $2,192,949.00. Following the completion of the sale, the insider now directly owns 68,343 shares of the company’s stock, valued at $6,765,957. This represents a 24.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Virginia Drosos sold 600 shares of the firm’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $101.25, for a total transaction of $60,750.00. Following the completion of the sale, the chief executive officer now owns 728,220 shares in the company, valued at $73,732,275. This represents a 0.08 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 46,957 shares of company stock valued at $4,599,306. 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.