Signet Jewelers (SIG) to Release Quarterly Earnings on Thursday

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

Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 12th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 8.58% and a return on equity of 29.90%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $1.55 EPS. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. 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 %

Shares of SIG stock opened at $99.98 on Thursday. The company has a market capitalization of $4.40 billion, a P/E ratio of 11.77, a P/E/G ratio of 1.18 and a beta of 2.12. Signet Jewelers has a 12-month low of $72.26 and a 12-month high of $112.06. The firm has a 50-day moving average price of $97.03 and a 200 day moving average price of $91.61.

Signet Jewelers Dividend Announcement

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 1.16%. The ex-dividend date was Friday, October 25th. Signet Jewelers’s payout ratio is presently 13.43%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Telsey Advisory Group reiterated a “market perform” rating and set a $87.00 target price on shares of Signet Jewelers in a research report on Wednesday. Bank of America reduced their price objective on Signet Jewelers from $108.00 to $100.00 and set a “neutral” rating on the stock in a report on Friday, September 13th. StockNews.com cut Signet Jewelers from a “buy” rating to a “hold” rating in a research note on Thursday, November 14th. UBS Group cut their price target on Signet Jewelers from $145.00 to $132.00 and set a “buy” rating on the stock in a research note on Wednesday, September 11th. Finally, Wells Fargo & Company raised their price target on Signet Jewelers from $105.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, October 23rd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $109.60.

Insider Buying and Selling at Signet Jewelers

In related news, insider Joan M. Hilson sold 8,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of $94.57, for a total transaction of $756,560.00. Following the completion of the transaction, the insider now owns 200,844 shares in the company, valued at approximately $18,993,817.08. The trade was a 3.83 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Virginia Drosos sold 3,475 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $101.67, for a total transaction of $353,303.25. Following the completion of the sale, the chief executive officer now directly owns 775,345 shares of the company’s stock, valued at $78,829,326.15. The trade was a 0.45 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 46,957 shares of company stock valued at $4,599,306. 3.26% of the stock is currently owned by insiders.

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.