Signet Jewelers (SIG) to Release Earnings on Wednesday

Signet Jewelers (NYSE:SIG - Get Free Report) will likely be posting its quarterly earnings results before the market opens on Wednesday, March 19th. Analysts expect Signet Jewelers to post earnings of $6.39 per share and revenue of $2.33 billion for the quarter. Individual that wish to listen to the company's earnings conference call can do so using this link.

Signet Jewelers Stock Down 2.1 %

Shares of SIG stock opened at $47.18 on Wednesday. Signet Jewelers has a 12 month low of $46.16 and a 12 month high of $112.06. The stock has a market cap of $2.05 billion, a P/E ratio of 5.43, a P/E/G ratio of 3.43 and a beta of 2.20. The company has a 50 day simple moving average of $58.62 and a two-hundred day simple moving average of $80.06. The company has a current ratio of 1.55, a quick ratio of 0.25 and a debt-to-equity ratio of 0.14.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on SIG. StockNews.com cut Signet Jewelers from a "buy" rating to a "hold" rating in a research report on Friday, December 6th. Telsey Advisory Group lowered their price objective on shares of Signet Jewelers from $87.00 to $65.00 and set a "market perform" rating for the company in a research report on Wednesday, January 15th. Wells Fargo & Company lowered their price objective on shares of Signet Jewelers from $110.00 to $95.00 and set an "overweight" rating for the company in a research report on Wednesday, January 15th. Finally, Bank of America dropped their price objective on shares of Signet Jewelers from $95.00 to $65.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $95.20.

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Insider Activity at Signet Jewelers

In other news, Director Eugenia Ulasewicz sold 3,333 shares of the company's stock in a transaction dated Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the transaction, the director now owns 22,752 shares in the company, valued at $1,231,565.76. This represents a 12.78 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 3.26% of the stock is currently owned by corporate insiders.

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.

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