Signet Jewelers (NYSE:SIG) Posts Quarterly Earnings Results, Beats Expectations By $0.23 EPS

Signet Jewelers (NYSE:SIG) issued its earnings results on Wednesday. The company reported $6.62 earnings per share for the quarter, beating the consensus estimate of $6.39 by $0.23, Zacks reports. Signet Jewelers had a net margin of 8.57% and a return on equity of 28.69%. The business had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same period in the previous year, the business earned $6.73 EPS. The firm’s revenue was down 5.8% on a year-over-year basis. Signet Jewelers updated its FY26 guidance to $7.31-9.10 EPS.

Signet Jewelers Trading Up 0.1 %

Shares of NYSE SIG opened at $48.38 on Wednesday. Signet Jewelers has a 1-year low of $45.55 and a 1-year high of $112.06. The company has a market cap of $2.10 billion, a PE ratio of 5.57, a P/E/G ratio of 3.43 and a beta of 2.20. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14. The company has a 50-day moving average of $55.61 and a two-hundred day moving average of $78.81.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on SIG shares. Telsey Advisory Group cut their price target on shares of Signet Jewelers from $65.00 to $55.00 and set a “market perform” rating for the company in a report on Thursday, March 13th. StockNews.com downgraded shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Bank of America cut their price target on shares of Signet Jewelers from $95.00 to $65.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their price target on shares of Signet Jewelers from $110.00 to $95.00 and set an “overweight” rating for the company in a report on Wednesday, January 15th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $93.20.

Insiders Place Their Bets

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the business’s stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $54.13, for a total value of $180,415.29. Following the completion of the transaction, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $1,231,565.76. The trade was a 12.78 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 3.26% of the company’s stock.

Signet Jewelers Company Profile

Signet Jewelers Limited operates as a diamond jewelry retailer. It operates through three segments: North America, International, and Other. The North America segment operates jewelry stores in jewelry stores in malls, mall-based kiosks, and off-mall locations in the United States and Canada primarily under the Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry, Jared Vault, Zales Outlet, Zales Jewelers, Diamonds Direct, James Allen, Banter by Piercing Pagoda, and Peoples Jewellers names, as well as operates online through its digital banners, James Allen and Blue Nile.