Signet Jewelers Ltd. (SIG) Releases Earnings Results, Beats Expectations By $0.10 EPS

Signet Jewelers Ltd. (SIG) announced its most recent quarterly financial results on Tuesday, Nov-22-2016. SIG said it had a profit of $0.30 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.10. Analysts had a consensus of $0.20. The company posted revenue of $1186.20 million in the period, compared to analysts expectations of $1176.78 million. SIG’s revenue was down -2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 EPS.

Many Wall Street Analysts have commented on Signet Jewelers Ltd.. CLSA Initiated Signet Jewelers Ltd. on Sep 29, 2016 to “Outperform”, Price Target of the shares are set at $87.Shares were Downgraded by JP Morgan on Aug 30, 2016 to ” Neutral” and Lowered the Price Target to $ 90 from a previous price target of $136 .Signet Jewelers Ltd. was Downgraded by Johnson Rice to ” Accumulate” on Aug 29, 2016.

Signet Jewelers Ltd. closed down -3.16 points or -3.43% at $88.96 with 17,87,662 shares getting traded on Monday. Post opening the session at $91.37, the shares hit an intraday low of $87.68 and an intraday high of $91.37 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

In a different news, on Jul 25, 2016, Thomas G Plaskett (director) purchased 300 shares at $88.88 per share price. According to the SEC, on Jul 20, 2016, Sebastian Hobbs (Managing Director, UK) purchased 500 shares at $91.72 per share price. On Jul 20, 2016, Helen Mccluskey (director) purchased 1,000 shares at $89.91 per share price, according to the Form-4 filing with the securities and exchange commission.

Signet Jewelers Limited is a retailer of jewelry watches and associated services in the United States Canada and the United Kingdom. The Company manages its business through four segments: the Sterling Jewelers division the UK Jewelry division the Zale division which consists of Zale Jewelry and Piercing Pagoda and the Other segment. The Other segment includes subsidiaries involved in purchasing and conversion of rough diamonds to polished stones and unallocated corporate administrative functions. The Company operates retail jewelry stores in real estate formats including mall-based free-standing strip center and outlet store locations. The Company operated approximately 3579 stores and kiosks across 4.8 million square feet of retail space.

Signet Jewelers Ltd.

Leave a Reply

Signet Jewelers Ltd. - Is it time to Sell?

Top Brokerage Firms are advising their investors on Signet Jewelers Ltd.. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.