Q3 2018 Earnings Forecast for Signet Jewelers Limited Issued By Northcoast Research (SIG)
Signet Jewelers Limited (NYSE:SIG) – Analysts at Northcoast Research cut their Q3 2018 earnings per share estimates for shares of Signet Jewelers Limited in a note issued to investors on Tuesday. Northcoast Research analyst K. Szafraniec now forecasts that the company will post earnings of $0.16 per share for the quarter, down from their previous estimate of $0.20. Northcoast Research has a “Neutral” rating on the stock. Northcoast Research also issued estimates for Signet Jewelers Limited’s FY2018 earnings at $7.21 EPS.
Signet Jewelers Limited (NYSE:SIG) last posted its earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.10 by $0.23. Signet Jewelers Limited had a net margin of 7.62% and a return on equity of 20.86%. The business had revenue of $1.40 billion for the quarter, compared to the consensus estimate of $1.33 billion. During the same period last year, the company earned $1.14 EPS. The firm’s revenue was up 1.9% compared to the same quarter last year.
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Other equities research analysts also recently issued reports about the stock. Cowen and Company reiterated a “market perform” rating and set a $67.00 target price (up from $61.00) on shares of Signet Jewelers Limited in a research report on Tuesday, September 12th. Needham & Company LLC set a $69.00 target price on shares of Signet Jewelers Limited and gave the stock a “buy” rating in a research report on Saturday, August 19th. Royal Bank Of Canada reiterated a “buy” rating and set a $63.00 target price on shares of Signet Jewelers Limited in a research report on Thursday, August 17th. BidaskClub upgraded shares of Signet Jewelers Limited from a “sell” rating to a “hold” rating in a research report on Monday, July 31st. Finally, Telsey Advisory Group lifted their target price on shares of Signet Jewelers Limited from $60.00 to $66.00 and gave the stock a “market perform” rating in a research report on Friday, August 25th. Eleven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average price target of $70.60.
Shares of Signet Jewelers Limited (SIG) opened at $76.58 on Friday. The company has a current ratio of 2.40, a quick ratio of 1.14 and a debt-to-equity ratio of 0.32. Signet Jewelers Limited has a 1 year low of $46.09 and a 1 year high of $101.46. The company has a market cap of $4,630.03, a P/E ratio of 11.45, a P/E/G ratio of 1.43 and a beta of 1.03.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, November 30th. Stockholders of record on Friday, October 27th will be paid 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 is currently 19.14%.
Large investors have recently added to or reduced their stakes in the company. Commonwealth Bank of Australia increased its stake in shares of Signet Jewelers Limited by 5.6% in the 2nd quarter. Commonwealth Bank of Australia now owns 1,609 shares of the company’s stock valued at $101,000 after acquiring an additional 85 shares in the last quarter. Monroe Bank & Trust MI bought a new stake in shares of Signet Jewelers Limited in the 3rd quarter valued at $179,000. Capstone Investment Advisors Netherlands B.V. bought a new stake in shares of Signet Jewelers Limited in the 2nd quarter valued at $121,000. Tower Research Capital LLC TRC increased its stake in shares of Signet Jewelers Limited by 19.9% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,016 shares of the company’s stock valued at $128,000 after acquiring an additional 335 shares in the last quarter. Finally, Pitcairn Co. bought a new stake in shares of Signet Jewelers Limited in the 3rd quarter valued at $203,000.
About Signet Jewelers Limited
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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