Signet Jewelers (NYSE:SIG) issued an update on its third quarter 2020 earnings guidance on Thursday morning. The company provided EPS guidance of $-1.16–1.02 for the period. The company issued revenue guidance of $1.14-1.16 billion.Signet Jewelers also updated its FY 2020 guidance to $2.91-3.23 EPS.
SIG traded up $0.45 on Friday, hitting $14.42. The company had a trading volume of 162,971 shares, compared to its average volume of 2,580,810. The company’s fifty day moving average price is $14.71 and its 200 day moving average price is $20.60. Signet Jewelers has a 1-year low of $10.40 and a 1-year high of $68.24. The company has a debt-to-equity ratio of 1.92, a current ratio of 2.07 and a quick ratio of 0.31. The stock has a market cap of $574.62 million, a price-to-earnings ratio of 3.88, a price-to-earnings-growth ratio of 0.56 and a beta of 0.96.
Signet Jewelers (NYSE:SIG) last posted its earnings results on Thursday, September 5th. The company reported $0.51 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.26. Signet Jewelers had a positive return on equity of 16.90% and a negative net margin of 2.76%. The firm had revenue of $1.36 billion during the quarter, compared to analyst estimates of $1.34 billion. During the same period in the previous year, the company earned $0.52 EPS. The company’s revenue for the quarter was down 3.9% on a year-over-year basis. On average, sell-side analysts forecast that Signet Jewelers will post 3.01 EPS for the current year.
SIG has been the subject of a number of research analyst reports. Nomura cut their price target on Signet Jewelers from $28.00 to $21.00 and set a neutral rating for the company in a report on Friday, June 7th. Citigroup cut their price target on Signet Jewelers from $17.00 to $12.00 and set a sell rating for the company in a report on Friday. Bank of America cut their price target on Signet Jewelers from $30.00 to $20.00 and set a neutral rating for the company in a report on Friday, June 7th. Zacks Investment Research upgraded Signet Jewelers from a sell rating to a hold rating and set a $15.00 price target for the company in a report on Monday, August 12th. Finally, Telsey Advisory Group reiterated a market perform rating and set a $22.00 price target (down from $28.00) on shares of Signet Jewelers in a report on Monday, June 3rd. One analyst has rated the stock with a sell rating and seven have given a hold rating to the stock. Signet Jewelers currently has an average rating of Hold and a consensus target price of $24.86.
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 JamesAllen.com, an online jewelry retailer Website.
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