Signet Jewelers Limited (SIG) Updates FY18 Earnings Guidance
Signet Jewelers Limited (NYSE:SIG) issued an update on its FY18 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $6.10-6.50 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $7.05.
Shares of Signet Jewelers Limited (NYSE SIG) opened at $53.01 on Thursday. The company has a quick ratio of 1.14, a current ratio of 2.63 and a debt-to-equity ratio of 0.33. The stock has a market capitalization of $3,191.68, a PE ratio of 8.07, a P/E/G ratio of 1.12 and a beta of 1.03. Signet Jewelers Limited has a 12-month low of $46.09 and a 12-month high of $99.19.
Signet Jewelers Limited (NYSE:SIG) last posted its quarterly earnings results on Thursday, August 24th. The company reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.10 by $0.23. Signet Jewelers Limited had a return on equity of 20.76% and a net margin of 7.32%. The business had revenue of $1.40 billion during the quarter, compared to analysts’ expectations of $1.33 billion. During the same quarter last year, the company posted $1.14 earnings per share. Signet Jewelers Limited’s quarterly revenue was up 1.9% on a year-over-year basis. research analysts expect that Signet Jewelers Limited will post 6.3 EPS for the current year.
SIG has been the subject of a number of research analyst reports. Needham & Company LLC set a $69.00 price target on Signet Jewelers Limited and gave the stock a buy rating in a report on Friday, August 25th. Royal Bank Of Canada set a $66.00 price target on Signet Jewelers Limited and gave the stock a buy rating in a report on Friday, August 25th. Wells Fargo & Company set a $97.00 price target on Signet Jewelers Limited and gave the stock a buy rating in a report on Wednesday, August 23rd. Instinet reiterated a buy rating and set a $73.00 price target (up previously from $70.00) on shares of Signet Jewelers Limited in a report on Monday, August 28th. Finally, Zacks Investment Research upgraded Signet Jewelers Limited from a hold rating to a buy rating and set a $71.00 price target for the company in a report on Monday, September 4th. Twelve analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average price target of $67.47.
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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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