Signet Jewelers (NYSE:SIG) updated its fourth quarter earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $3.44-3.52 for the period, compared to the Thomson Reuters consensus estimate of $3.10. Signet Jewelers also updated its FY 2020
Pre-Market guidance to 3.61-3.69 EPS.

Shares of Signet Jewelers stock traded up $9.00 during trading hours on Thursday, reaching $30.49. 14,265,888 shares of the company’s stock were exchanged, compared to its average volume of 1,961,390. The company has a 50 day moving average of $19.86 and a two-hundred day moving average of $16.99. Signet Jewelers has a fifty-two week low of $10.40 and a fifty-two week high of $34.31. The company has a current ratio of 2.12, a quick ratio of 0.30 and a debt-to-equity ratio of 2.13. The stock has a market cap of $1.10 billion, a P/E ratio of 8.20, a P/E/G ratio of 1.00 and a beta of 1.09.

Signet Jewelers (NYSE:SIG) last released its earnings results on Thursday, December 5th. The company reported ($0.76) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.07) by $0.31. Signet Jewelers had a positive return on equity of 20.27% and a negative net margin of 3.09%. The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.14 billion. During the same quarter in the previous year, the business earned ($1.06) earnings per share. Signet Jewelers’s quarterly revenue was down .3% on a year-over-year basis. As a group, analysts expect that Signet Jewelers will post 3.25 earnings per share for the current fiscal year.

A number of research firms have weighed in on SIG. ValuEngine upgraded Signet Jewelers from a sell rating to a hold rating in a research note on Saturday, December 7th. Wells Fargo & Co cut Signet Jewelers from an equal weight rating to an underweight rating and set a $12.00 price objective on the stock. in a research note on Thursday, January 2nd. Finally, Telsey Advisory Group increased their price objective on Signet Jewelers from $14.00 to $20.00 and gave the company an outperform rating in a report on Friday, December 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus price target of $16.00.

About Signet Jewelers

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products. As of February 02, 2019, it operated 3,334 stores and kiosks. The company operates through three segments: North America, International, and Other. The North America segment operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Jewelers, Zales Outlet, Piercing Pagoda, Peoples Jewellers, Gordon's Jewelers, and Mappins Jewellers regional banners; and, an online jewelry retailer Website.

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

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