Wall Street brokerages expect that Signet Jewelers Ltd. (NYSE:SIG) will announce sales of $1.17 billion for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Signet Jewelers’ earnings, with estimates ranging from $1.17 billion to $1.18 billion. Signet Jewelers reported sales of $1.16 billion during the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The business is expected to announce its next earnings results before the market opens on Thursday, December 6th.

On average, analysts expect that Signet Jewelers will report full-year sales of $6.26 billion for the current financial year, with estimates ranging from $6.24 billion to $6.28 billion. For the next financial year, analysts forecast that the company will report sales of $6.17 billion, with estimates ranging from $6.16 billion to $6.19 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Signet Jewelers.

Signet Jewelers (NYSE:SIG) last issued its earnings results on Thursday, August 30th. The company reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.32. The business had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.34 billion. Signet Jewelers had a negative net margin of 2.84% and a positive return on equity of 17.52%. The company’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.33 EPS.

A number of equities analysts have commented on the stock. Zacks Investment Research restated a “hold” rating on shares of Signet Jewelers in a research note on Thursday. Citigroup upgraded shares of Signet Jewelers from a “sell” rating to a “neutral” rating in a research note on Friday, October 26th. ValuEngine downgraded shares of Signet Jewelers from a “sell” rating to a “strong sell” rating in a research note on Tuesday, September 4th. Telsey Advisory Group restated a “market perform” rating and issued a $69.00 target price (up from $63.00) on shares of Signet Jewelers in a research note on Friday, August 31st. Finally, Wells Fargo & Co upped their target price on shares of Signet Jewelers from $50.00 to $65.00 and gave the stock a “market perform” rating in a research note 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 given a buy rating to the company’s stock. Signet Jewelers currently has a consensus rating of “Hold” and an average price target of $55.13.

Institutional investors and hedge funds have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $112,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $132,000. NuWave Investment Management LLC lifted its position in shares of Signet Jewelers by 140.1% in the 3rd 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 period. St. Johns Investment Management Company LLC purchased a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $193,000. Finally, MUFG Securities EMEA plc purchased a new stake in shares of Signet Jewelers in the 2nd quarter worth approximately $206,000.

SIG stock traded up $0.44 during mid-day trading on Tuesday, reaching $56.71. The company had a trading volume of 1,075,754 shares, compared to its average volume of 1,247,140. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.69 and a quick ratio of 0.47. The company has a market capitalization of $2.94 billion, a P/E ratio of 8.71, a P/E/G ratio of 2.06 and a beta of 0.91. Signet Jewelers has a 12 month low of $33.11 and a 12 month high of $77.94.

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Friday, November 2nd will be given a $0.37 dividend. The ex-dividend date of this dividend is Thursday, November 1st. This represents a $1.48 annualized dividend and a dividend yield of 2.61%. Signet Jewelers’s payout ratio is presently 22.73%.

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

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