Must-See Earnings Estimates for: Signet Jewelers Stock Forecast, Price & News (NYSE:SIG)

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Earnings results for Signet Jewelers Stock Forecast, Price & News (NYSE:SIG)

Signet Jewelers Limited is expected* to report earnings on 09/03/2020 before market open. The report will be for the fiscal Quarter ending Jul 2020. According to Zacks Investment Research, based on 3 analysts’ forecasts, the consensus EPS forecast for the quarter is $-2.06. The reported EPS for the same quarter last year was $0.51.

Signet Jewelers last released its earnings data on June 9th, 2020. The reported ($1.59) earnings per share for the quarter, missing the consensus estimate of ($1.52) by $0.07. The company had revenue of $852.10 million for the quarter, compared to analyst estimates of $795.95 million. Its revenue was down 40.5% compared to the same quarter last year. Signet Jewelers has generated $3.88 earnings per share over the last year. Signet Jewelers has confirmed that its next quarterly earnings report will be published on Thursday, September 3rd, 2020.

Analyst Opinion on Signet Jewelers Stock Forecast, Price & News (NYSE:SIG)

5 Wall Street analysts have issued ratings and price targets for Signet Jewelers in the last 12 months. Their average twelve-month price target is $9.50, predicting that the stock has a possible downside of 48.90%. The high price target for SIG is $15.00 and the low price target for SIG is $5.00. There are currently 4 sell ratings and 1 hold rating for the stock, resulting in a consensus rating of “Sell.”

Signet Jewelers has received a consensus rating of Sell. The company’s average rating score is 1.20, and is based on no buy ratings, 1 hold rating, and 4 sell ratings. According to analysts’ consensus price target of $9.50, Signet Jewelers has a forecasted downside of 48.9% from its current price of $18.59. Signet Jewelers has only been the subject of 2 research reports in the past 90 days.

Dividend Strength: Signet Jewelers Stock Forecast, Price & News (NYSE:SIG)

Signet Jewelers is a leading dividend payer. It pays a dividend yield of 4.06%, putting its dividend yield in the top 25% of dividend-paying stocks. Signet Jewelers does not have a long track record of dividend growth. The dividend payout ratio of Signet Jewelers is 19.07%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Signet Jewelers will have a dividend payout ratio of 35.07% next year. This indicates that Signet Jewelers will be able to sustain or increase its dividend.

Insiders buying/selling: Signet Jewelers Stock Forecast, Price & News (NYSE:SIG)

In the past three months, Signet Jewelers insiders have not sold or bought any company stock. Only 1.28% of the stock of Signet Jewelers is held by insiders.

Earnings and Valuation of Signet Jewelers Stock Forecast, Price & News (NYSE:SIG

Earnings for Signet Jewelers are expected to grow in the coming year, from ($2.05) to $2.11 per share. The P/E ratio of Signet Jewelers is -7.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. The P/E ratio of Signet Jewelers is -7.78, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings. Signet Jewelers has a P/B Ratio of 0.80. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

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