Signet Jewelers Ltd. (NYSE:SIG) – Stock analysts at Northcoast Research upped their FY2017 earnings per share (EPS) estimates for Signet Jewelers in a report released on Tuesday. Northcoast Research analyst J. Stein now expects that the brokerage will post earnings of $7.55 per share for the year, up from their prior forecast of $7.20. Northcoast Research also issued estimates for Signet Jewelers’ Q4 2017 earnings at $4.05 EPS, Q1 2018 earnings at $2.08 EPS, Q2 2018 earnings at $1.21 EPS, Q3 2018 earnings at $0.28 EPS and Q4 2018 earnings at $4.46 EPS.

Several other brokerages have also recently issued reports on SIG. Zacks Investment Research cut Signet Jewelers from a “hold” rating to a “sell” rating in a report on Wednesday, August 10th. Deutsche Bank AG dropped their target price on Signet Jewelers from $150.00 to $140.00 and set a “buy” rating for the company in a report on Tuesday, August 23rd. BNP Paribas cut Signet Jewelers from an “outperform” rating to a “neutral” rating in a report on Thursday, September 8th. Cowen and Company cut Signet Jewelers from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $96.00 to $85.00 in a report on Tuesday, September 13th. Finally, Citigroup Inc. restated a “neutral” rating and issued a $90.00 target price (up from $83.00) on shares of Signet Jewelers in a report on Saturday. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and ten have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $106.78.

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

ILLEGAL ACTIVITY NOTICE: “Signet Jewelers Ltd. to Post FY2017 Earnings of $7.55 Per Share, Northcoast Research Forecasts (SIG)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/27/signet-jewelers-ltd-to-post-fy2017-earnings-of-7-55-per-share-northcoast-research-forecasts-sig.html.

Shares of Signet Jewelers (NYSE:SIG) opened at 93.07 on Friday. Signet Jewelers has a 12-month low of $72.65 and a 12-month high of $135.59. The company has a 50 day moving average price of $84.26 and a 200 day moving average price of $86.70. The company has a market capitalization of $7.04 billion, a P/E ratio of 14.18 and a beta of 1.17.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Tuesday, November 22nd. The company reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.10. The firm earned $1.19 billion during the quarter, compared to the consensus estimate of $1.18 billion. Signet Jewelers had a return on equity of 19.67% and a net margin of 7.93%. The firm’s quarterly revenue was down 2.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.33 earnings per share.

ILLEGAL ACTIVITY NOTICE: “Signet Jewelers Ltd. to Post FY2017 Earnings of $7.55 Per Share, Northcoast Research Forecasts (SIG)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this story on another website, it was illegally stolen and reposted in violation of U.S. & international copyright & trademark laws. The legal version of this story can be accessed at https://www.thecerbatgem.com/2016/11/27/signet-jewelers-ltd-to-post-fy2017-earnings-of-7-55-per-share-northcoast-research-forecasts-sig.html.

A number of large investors have recently bought and sold shares of the stock. Logan Capital Management Inc. raised its stake in Signet Jewelers by 13.4% in the first quarter. Logan Capital Management Inc. now owns 12,710 shares of the company’s stock worth $1,576,000 after buying an additional 1,500 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in shares of Signet Jewelers by 11.2% in the second quarter. Monarch Partners Asset Management LLC now owns 115,879 shares of the company’s stock valued at $9,550,000 after buying an additional 11,702 shares during the period. Amica Pension Fund Board of Trustees acquired a new stake in shares of Signet Jewelers during the second quarter valued at $1,362,000. Howard Hughes Medical Institute raised its stake in shares of Signet Jewelers by 45.5% in the second quarter. Howard Hughes Medical Institute now owns 47,672 shares of the company’s stock valued at $3,929,000 after buying an additional 14,911 shares during the period. Finally, Stoneridge Investment Partners LLC acquired a new stake in shares of Signet Jewelers during the second quarter valued at $3,569,000. 98.55% of the stock is currently owned by institutional investors.

About Signet Jewelers

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.

5 Day Chart for NYSE:SIG

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