Signet Jewelers Ltd. (NYSE:SIG) – Equities research analysts at Northcoast Research dropped their Q2 2020 earnings estimates for shares of Signet Jewelers in a report issued on Friday, January 18th. Northcoast Research analyst T. Vierengel now forecasts that the company will post earnings of $0.42 per share for the quarter, down from their previous estimate of $0.45.
Signet Jewelers (NYSE:SIG) last announced its quarterly earnings data on Thursday, December 6th. The company reported ($1.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($1.08) by $0.02. Signet Jewelers had a positive return on equity of 15.90% and a negative net margin of 3.23%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period in the previous year, the business earned $0.05 EPS. The firm’s revenue was up 3.0% compared to the same quarter last year.
SIG stock opened at $25.41 on Monday. Signet Jewelers has a 12-month low of $24.41 and a 12-month high of $71.07. The company has a market capitalization of $1.32 billion, a PE ratio of 3.90, a price-to-earnings-growth ratio of 0.93 and a beta of 1.40. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.20 and a quick ratio of 0.27.
A number of hedge funds have recently added to or reduced their stakes in the stock. NuWave Investment Management LLC grew its stake in Signet Jewelers by 140.1% in the 3rd quarter. NuWave Investment Management LLC now owns 2,840 shares of the company’s stock valued at $187,000 after acquiring an additional 1,657 shares during the last quarter. Advisors Asset Management Inc. purchased a new position in Signet Jewelers in the second quarter valued at approximately $214,000. Fox Run Management L.L.C. purchased a new position in Signet Jewelers in the fourth quarter valued at approximately $272,000. PNC Financial Services Group Inc. raised its stake in shares of Signet Jewelers by 19.3% during the second quarter. PNC Financial Services Group Inc. now owns 6,145 shares of the company’s stock valued at $341,000 after purchasing an additional 993 shares during the period. Finally, GAM Holding AG purchased a new stake in shares of Signet Jewelers during the third quarter valued at approximately $426,000.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 1st. Stockholders of record on Friday, February 1st will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Thursday, January 31st. Signet Jewelers’s payout ratio is 22.73%.
About Signet Jewelers
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 JamesAllen.com, an online jewelry retailer Website.
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