Signet Jewelers (NYSE:SIG) Announces Earnings Results, Beats Estimates By $0.23 EPS

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

Signet Jewelers Stock Performance

Shares of SIG stock opened at $48.38 on Wednesday. The company’s fifty day simple moving average is $55.61 and its 200-day simple moving average is $78.81. The company has a quick ratio of 0.25, a current ratio of 1.55 and a debt-to-equity ratio of 0.14. The firm 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. Signet Jewelers has a 12 month low of $45.55 and a 12 month high of $112.06.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the stock. Bank of America reduced 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. Wells Fargo & Company reduced 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. Telsey Advisory Group reduced 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. Finally, StockNews.com cut shares of Signet Jewelers from a “buy” rating to a “hold” rating in a report on Friday, December 6th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $93.20.

Insider Transactions at Signet Jewelers

In other Signet Jewelers news, Director Eugenia Ulasewicz sold 3,333 shares of the company’s stock in a transaction on Friday, February 21st. The shares were sold at an average price of $54.13, for a total transaction of $180,415.29. Following the sale, the director now directly owns 22,752 shares of the company’s stock, valued at approximately $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 insiders.

About Signet Jewelers

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.