Q3 2018 EPS Estimates for Signet Jewelers Limited (SIG) Lowered by Northcoast Research
Signet Jewelers Limited (NYSE:SIG) – Investment analysts at Northcoast Research decreased their Q3 2018 earnings estimates for shares of Signet Jewelers Limited in a research note issued to investors on Tuesday. Northcoast Research analyst K. Szafraniec now anticipates that the company will post earnings per share of $0.16 for the quarter, down from their previous forecast of $0.20. Northcoast Research currently has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Signet Jewelers Limited’s FY2018 earnings at $7.21 EPS.
Several other research analysts have also recently issued reports on SIG. BidaskClub cut Signet Jewelers Limited from a “hold” rating to a “sell” rating in a research note on Monday, July 24th. Zacks Investment Research raised Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reissued a “buy” rating and issued a $63.00 price target on shares of Signet Jewelers Limited in a research note on Thursday, August 17th. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Saturday, August 19th. Finally, Wells Fargo & Company set a $97.00 price target on Signet Jewelers Limited and gave the stock a “buy” rating in a research note on Wednesday, August 23rd. Eleven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $70.60.
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Signet Jewelers Limited (NYSE:SIG) opened at $76.58 on Friday. Signet Jewelers Limited has a 52 week low of $46.09 and a 52 week high of $101.46. The stock has a market capitalization of $4,490.00, a price-to-earnings ratio of 10.82, a PEG ratio of 1.35 and a beta of 1.03. The company has a quick ratio of 1.14, a current ratio of 2.40 and a debt-to-equity ratio of 0.32.
Signet Jewelers Limited (NYSE:SIG) last issued its quarterly earnings data on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.10 by $0.23. The firm had revenue of $1.40 billion during the quarter, compared to the consensus estimate of $1.33 billion. Signet Jewelers Limited had a return on equity of 20.86% and a net margin of 7.62%. The firm’s revenue was up 1.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.14 EPS.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be issued a $0.31 dividend. The ex-dividend date is Thursday, October 26th. This represents a $1.24 annualized dividend and a dividend yield of 1.62%. Signet Jewelers Limited’s dividend payout ratio (DPR) is 20.13%.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its holdings in shares of Signet Jewelers Limited by 30.7% during the second quarter. Wells Fargo & Company MN now owns 1,699,103 shares of the company’s stock valued at $107,451,000 after purchasing an additional 399,070 shares during the last quarter. Cadence Capital Management LLC purchased a new stake in shares of Signet Jewelers Limited during the second quarter valued at $452,000. Hosking Partners LLP lifted its holdings in shares of Signet Jewelers Limited by 1.6% during the second quarter. Hosking Partners LLP now owns 118,337 shares of the company’s stock valued at $7,484,000 after purchasing an additional 1,913 shares during the last quarter. Nuveen Asset Management LLC purchased a new stake in shares of Signet Jewelers Limited during the first quarter valued at $901,000. Finally, Janus Henderson Group PLC lifted its holdings in shares of Signet Jewelers Limited by 84.3% during the second quarter. Janus Henderson Group PLC now owns 17,449 shares of the company’s stock valued at $1,103,000 after purchasing an additional 7,983 shares during the last quarter.
Signet Jewelers Limited Company Profile
Signet Jewelers Limited is a retailer of diamond jewelry. The Company’s segments include the Sterling Jewelers division; the Zale division, which consists of the Zale Jewelry and Piercing Pagoda segments; the UK Jewelry division, and Other. The Sterling Jewelers division’s stores operate in the United States principally as Kay Jewelers (Kay), Kay Jewelers Outlet, Jared The Galleria Of Jewelry (Jared) and Jared Vault.
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