Signet Jewelers (SIG) Updates Q4 2019 Earnings Guidance

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Signet Jewelers (NYSE:SIG) issued an update on its fourth quarter 2019 earnings guidance on Thursday morning. The company provided earnings per share guidance of $4.35-4.59 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.52. The company issued revenue guidance of $2.17-2.22 billion, compared to the consensus revenue estimate of $2.19 billion.Signet Jewelers also updated its FY 2019 guidance to $4.15-4.40 EPS.

NYSE SIG traded down $9.17 during trading hours on Thursday, hitting $40.86. The company’s stock had a trading volume of 3,456,176 shares, compared to its average volume of 1,106,721. Signet Jewelers has a 12 month low of $33.11 and a 12 month high of $71.07. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 6.28, a PEG ratio of 1.82 and a beta of 0.89. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 2.69.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, December 6th. The company reported ($1.06) EPS for the quarter, topping the consensus estimate of ($1.08) by $0.02. Signet Jewelers had a positive return on equity of 17.52% and a negative net margin of 2.84%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the company earned $0.05 EPS. Signet Jewelers’s revenue for the quarter was up 3.0% on a year-over-year basis. On average, equities analysts predict that Signet Jewelers will post 4.22 earnings per share for the current fiscal year.

SIG has been the subject of several research analyst reports. Zacks Investment Research downgraded Signet Jewelers from a buy rating to a hold rating in a report on Tuesday, August 28th. Telsey Advisory Group lifted their price objective on Signet Jewelers from $56.00 to $63.00 and gave the stock a market perform rating in a report on Friday, August 24th. Citigroup upgraded Signet Jewelers from a sell rating to a neutral rating in a report on Friday, October 26th. ValuEngine upgraded Signet Jewelers from a strong sell rating to a sell rating in a report on Friday, August 10th. Finally, Wells Fargo & Co lifted their price objective on Signet Jewelers from $50.00 to $65.00 and gave the stock a market perform rating in a report on Friday, August 31st. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company’s stock. The stock currently has an average rating of Hold and an average target price of $54.44.

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About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as JamesAllen.com, an online jewelry retailer Website.

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Earnings History and Estimates for Signet Jewelers (NYSE:SIG)

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