Signet Jewelers (NYSE:SIG) updated its FY 2019 earnings guidance on Thursday. The company provided EPS guidance of $4.15-4.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.24. The company issued revenue guidance of $6.26-6.31 billion, compared to the consensus revenue estimate of $6.26 billion.Signet Jewelers also updated its FY19 guidance to $4.15-4.40 EPS.
Several research analysts recently weighed in on the stock. Wells Fargo & Co reaffirmed a hold rating and issued a $65.00 target price (up previously from $50.00) on shares of Signet Jewelers in a report on Thursday, August 30th. Telsey Advisory Group reaffirmed a market perform rating and issued a $69.00 target price (up previously from $63.00) on shares of Signet Jewelers in a report on Friday, August 31st. Citigroup downgraded shares of Signet Jewelers from a neutral rating to a sell rating and set a $52.00 target price for the company. in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Signet Jewelers from a hold rating to a buy rating and set a $70.00 target price for the company in a report on Thursday, September 6th. Finally, TheStreet raised shares of Signet Jewelers from a d+ rating to a c- rating in a report on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average price target of $54.06.
Shares of Signet Jewelers stock opened at $38.55 on Friday. The firm has a market capitalization of $2.13 billion, a P/E ratio of 5.92, a PEG ratio of 1.48 and a beta of 0.89. The company has a quick ratio of 0.47, a current ratio of 2.20 and a debt-to-equity ratio of 0.49. Signet Jewelers has a fifty-two week low of $33.11 and a fifty-two week high of $71.07.
Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, December 6th. The company reported ($1.06) earnings per share for the quarter, topping the consensus estimate of ($1.08) by $0.02. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.16 billion. Signet Jewelers had a negative net margin of 3.23% and a positive return on equity of 15.90%. Signet Jewelers’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 EPS. On average, sell-side analysts forecast that Signet Jewelers will post 4.28 EPS for the current year.
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Signet Jewelers Company Profile
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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