Signet Jewelers (NYSE:SIG) issued an update on its FY19 earnings guidance on Thursday morning. The company provided EPS guidance of $4.15-4.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $4.24. The company issued revenue guidance of $6.26-6.31, compared to the consensus revenue estimate of $6.27 billion.Signet Jewelers also updated its FY 2019 guidance to $4.15-4.40 EPS.

Shares of SIG opened at $40.76 on Friday. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 6.26, a PEG ratio of 1.82 and a beta of 0.89. Signet Jewelers has a 1 year low of $33.11 and a 1 year high of $71.07. The company has a quick ratio of 0.47, a current ratio of 2.69 and a debt-to-equity ratio of 0.48.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, December 6th. The company reported ($1.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.02. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Signet Jewelers had a positive return on equity of 17.52% and a negative net margin of 2.84%. The business’s quarterly revenue was up 3.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. Sell-side analysts anticipate that Signet Jewelers will post 4.22 earnings per share for the current fiscal year.

A number of research firms have recently weighed in on SIG. Zacks Investment Research reissued a hold rating on shares of Signet Jewelers in a research note on Thursday, November 15th. Telsey Advisory Group reissued a market perform rating and set a $60.00 price objective (down previously from $69.00) on shares of Signet Jewelers in a research note on Monday. ValuEngine lowered Signet Jewelers from a sell rating to a strong sell rating in a research note on Tuesday, August 28th. TheStreet raised Signet Jewelers from a d+ rating to a c- rating in a research note on Tuesday, August 21st. Finally, Wells Fargo & Co increased their price objective on Signet Jewelers from $50.00 to $65.00 and gave the company a market perform rating in a research note on Friday, August 31st. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of Hold and an average price target of $54.44.

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Signet Jewelers Company Profile

Signet Jewelers Limited engages in the retail sale of diamond jewelry, watches, and other products in the United States, Canada, the United Kingdom, the Republic of Ireland, and the Channel Islands. Its Sterling Jewelers division operates stores in malls and off-mall locations primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, and various mall-based regional brands, as well as, an online jewelry retailer Website.

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

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