Signet Jewelers Ltd. to Post Q3 2017 Earnings of $0.21 Per Share, Credit Agricole SA Forecasts (SIG)
Signet Jewelers Ltd. (NYSE:SIG) – Research analysts at Credit Agricole SA issued their Q3 2017 earnings per share (EPS) estimates for shares of Signet Jewelers in a research report issued to clients and investors on Wednesday. Credit Agricole SA analyst R. Patel forecasts that the firm will post earnings of $0.21 per share for the quarter. Credit Agricole SA currently has a “Outperform” rating and a $87.00 price target on the stock. Credit Agricole SA also issued estimates for Signet Jewelers’ Q4 2017 earnings at $3.94 EPS, FY2017 earnings at $7.23 EPS, FY2018 earnings at $8.20 EPS and FY2019 earnings at $9.14 EPS.
Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, August 25th. The company reported $1.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.45 by $0.31. The business had revenue of $1.40 billion for the quarter, compared to analyst estimates of $1.44 billion. Signet Jewelers had a return on equity of 18.70% and a net margin of 7.86%. Signet Jewelers’s quarterly revenue was down .8% compared to the same quarter last year. During the same quarter last year, the company earned $1.28 earnings per share.
A number of other equities research analysts also recently issued reports on the stock. Deutsche Bank AG lowered their target price on shares of Signet Jewelers from $150.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, August 23rd. RBC Capital Markets restated an “outperform” rating and issued a $100.00 target price (down from $120.00) on shares of Signet Jewelers in a report on Sunday, August 28th. Zacks Investment Research downgraded shares of Signet Jewelers from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. Cowen and Company restated an “outperform” rating and issued a $130.00 target price on shares of Signet Jewelers in a report on Thursday, July 28th. Finally, Vetr raised shares of Signet Jewelers from a “buy” rating to a “strong-buy” rating and set a $91.00 price target on the stock in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $107.27.
Shares of Signet Jewelers (NYSE:SIG) opened at 77.82 on Monday. Signet Jewelers has a 12-month low of $72.65 and a 12-month high of $152.27. The firm’s 50-day moving average is $81.39 and its 200-day moving average is $94.45. The firm has a market capitalization of $5.88 billion, a price-to-earnings ratio of 11.86 and a beta of 1.46.
A number of large investors have recently bought and sold shares of the company. IFP Advisors Inc increased its stake in Signet Jewelers by 2.0% in the first quarter. IFP Advisors Inc now owns 881 shares of the company’s stock valued at $109,000 after buying an additional 17 shares during the last quarter. Pacer Advisors Inc. increased its stake in Signet Jewelers by 6.8% in the second quarter. Pacer Advisors Inc. now owns 1,561 shares of the company’s stock valued at $129,000 after buying an additional 100 shares during the last quarter. MU Investments Co. Ltd. bought a new stake in Signet Jewelers during the second quarter valued at $148,000. FNY Managed Accounts LLC bought a new stake in Signet Jewelers during the second quarter valued at $181,000. Finally, Advisors Asset Management Inc. increased its stake in Signet Jewelers by 2.0% in the second quarter. Advisors Asset Management Inc. now owns 2,389 shares of the company’s stock valued at $197,000 after buying an additional 46 shares during the last quarter. 95.28% of the stock is owned by institutional investors and hedge funds.
In related news, Director Sebastian Hobbs acquired 500 shares of Signet Jewelers stock in a transaction that occurred on Monday, July 18th. The stock was acquired at an average price of $91.72 per share, with a total value of $45,860.00. Following the completion of the acquisition, the director now directly owns 8,684 shares of the company’s stock, valued at approximately $796,496.48. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Thomas G. Plaskett acquired 300 shares of Signet Jewelers stock in a transaction that occurred on Friday, July 22nd. The stock was bought at an average cost of $88.88 per share, with a total value of $26,664.00. Following the acquisition, the director now directly owns 16,407 shares of the company’s stock, valued at $1,458,254.16. The disclosure for this purchase can be found here. Insiders own 0.36% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Friday, October 28th will be given a dividend of $0.26 per share. The ex-dividend date of this dividend is Wednesday, October 26th. This represents a $1.04 annualized dividend and a dividend yield of 1.34%. Signet Jewelers’s dividend payout ratio is currently 15.90%.
Signet Jewelers Company Profile
Signet Jewelers Limited is a retailer of jewelry, watches and associated services in the United States, Canada and the United Kingdom. The Company’s segments are the Sterling Jewelers division, the UK Jewelry division, the Zale division, which consists of Zale Jewelry and Piercing Pagoda, and the Other segment.
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