FY2019 EPS Estimates for Signet Jewelers Ltd. (SIG) Decreased by Analyst

Signet Jewelers Ltd. (NYSE:SIG) – Analysts at Northcoast Research decreased their FY2019 earnings per share (EPS) estimates for Signet Jewelers in a research report issued on Tuesday, January 15th. Northcoast Research analyst T. Vierengel now anticipates that the company will post earnings per share of $4.15 for the year, down from their prior estimate of $4.32. Northcoast Research also issued estimates for Signet Jewelers’ Q1 2020 earnings at $0.04 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at ($1.03) EPS and FY2020 earnings at $3.86 EPS.

Signet Jewelers (NYSE:SIG) last announced its earnings results on Thursday, December 6th. The company reported ($1.06) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($1.08) by $0.02. Signet Jewelers had a negative net margin of 3.23% and a positive return on equity of 15.90%. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. During the same quarter last year, the firm earned $0.05 earnings per share. The business’s revenue for the quarter was up 3.0% on a year-over-year basis.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research reaffirmed a “hold” rating on shares of Signet Jewelers in a research note on Thursday, November 15th. Nomura set a $42.00 target price on shares of Signet Jewelers and gave the company a “hold” rating in a research note on Monday, December 10th. Royal Bank of Canada decreased their target price on shares of Signet Jewelers to $46.00 and set an “in-line” rating for the company in a research note on Friday, December 7th. Wells Fargo & Co decreased their target price on shares of Signet Jewelers from $42.00 to $38.00 and set a “market perform” rating for the company in a research note on Wednesday, January 2nd. Finally, Telsey Advisory Group decreased their target price on shares of Signet Jewelers from $60.00 to $45.00 and set a “market perform” rating for the company in a research note on Tuesday, December 11th. One research analyst has rated the stock with a sell rating and twelve have issued a hold rating to the company. Signet Jewelers currently has an average rating of “Hold” and a consensus target price of $48.58.

Shares of NYSE SIG opened at $25.13 on Thursday. Signet Jewelers has a fifty-two week low of $24.97 and a fifty-two week high of $71.07. The company has a market cap of $1.76 billion, a price-to-earnings ratio of 3.86, a price-to-earnings-growth ratio of 1.22 and a beta of 1.40. The company has a quick ratio of 0.27, a current ratio of 2.20 and a debt-to-equity ratio of 0.49.

Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its holdings in shares of Signet Jewelers by 19.3% during the second quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company’s stock valued at $341,000 after buying an additional 993 shares during the last quarter. Strs Ohio boosted its holdings in Signet Jewelers by 4.6% in the third quarter. Strs Ohio now owns 25,100 shares of the company’s stock worth $1,654,000 after purchasing an additional 1,100 shares during the last quarter. Jupiter Asset Management Ltd. boosted its holdings in Signet Jewelers by 0.7% in the third quarter. Jupiter Asset Management Ltd. now owns 230,000 shares of the company’s stock worth $15,111,000 after purchasing an additional 1,500 shares during the last quarter. Panagora Asset Management Inc. boosted its holdings in Signet Jewelers by 1.7% in the third quarter. Panagora Asset Management Inc. now owns 94,881 shares of the company’s stock worth $6,256,000 after purchasing an additional 1,620 shares during the last quarter. Finally, NuWave Investment Management LLC boosted its holdings in Signet Jewelers by 140.1% in the third quarter. NuWave Investment Management LLC now owns 2,840 shares of the company’s stock worth $187,000 after purchasing an additional 1,657 shares during the last quarter.

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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