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

Signet Jewelers (NYSE:SIG) released 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 return on equity of 28.69% and a net margin of 8.57%. The firm had revenue of $2.35 billion for the quarter, compared to analyst estimates of $2.33 billion. During the same quarter in the prior year, the firm posted $6.73 earnings per share. The company’s quarterly 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 %

NYSE SIG opened at $48.38 on Wednesday. The firm has a market cap of $2.10 billion, a P/E ratio of 5.57, a P/E/G ratio of 3.43 and a beta of 2.20. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.55 and a quick ratio of 0.25. The stock’s 50-day moving average is $55.61 and its 200-day moving average is $78.81. Signet Jewelers has a one year low of $45.55 and a one year high of $112.06.

Insider Transactions at Signet Jewelers

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

Analyst Upgrades and Downgrades

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

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.