Signet Jewelers (NYSE:SIG) Issues Quarterly Earnings Results

Signet Jewelers (NYSE:SIG) posted its earnings results on Wednesday. The company reported $6.62 EPS for the quarter, topping analysts’ consensus estimates of $6.39 by $0.23, Zacks reports. The business had revenue of $2.35 billion during the quarter, compared to analyst estimates of $2.33 billion. Signet Jewelers had a return on equity of 28.69% and a net margin of 8.57%. The company’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter last year, the company earned $6.73 EPS.

Signet Jewelers Trading Down 0.6 %

Shares of Signet Jewelers stock opened at $56.31 on Friday. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.25 and a current ratio of 1.55. The company has a fifty day moving average of $54.89 and a 200 day moving average of $78.50. The company has a market capitalization of $2.45 billion, a P/E ratio of 6.48, a P/E/G ratio of 3.43 and a beta of 2.20. Signet Jewelers has a fifty-two week low of $45.55 and a fifty-two week high of $112.06.

Signet Jewelers Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 23rd. Stockholders of record on Friday, April 25th will be paid a $0.32 dividend. The ex-dividend date is Friday, April 25th. This is a boost from Signet Jewelers’s previous quarterly dividend of $0.29. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.27%. Signet Jewelers’s dividend payout ratio is 13.35%.

Insider Activity

In related news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction that occurred on Friday, February 21st. The stock was sold at an average price of $54.13, for a total value of $180,415.29. Following the transaction, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.26% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on SIG. Bank of America decreased their target price on Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Telsey Advisory Group restated a “market perform” rating and set a $55.00 price objective on shares of Signet Jewelers in a research report on Wednesday. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a research report on Friday, December 6th. UBS Group increased their price target on Signet Jewelers from $85.00 to $89.00 and gave the company a “buy” rating in a report on Thursday. Finally, Wells Fargo & Company reduced their price objective on Signet Jewelers from $95.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Signet Jewelers currently has an average rating of “Moderate Buy” and an average target price of $81.60.

About Signet Jewelers

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.