Signet Jewelers (NYSE:SIG) Updates FY25 Earnings Guidance

Signet Jewelers (NYSE:SIG) issued an update on its FY25 earnings guidance on Thursday morning. The company provided earnings per share guidance of $9.90-11.52 for the period, compared to the consensus earnings per share estimate of $10.29. The company issued revenue guidance of $6.66-7.02 billion, compared to the consensus revenue estimate of $6.77 billion. Signet Jewelers also updated its FY 2025 guidance to 9.900-11.520 EPS.

Signet Jewelers Trading Up 4.8 %

Shares of SIG opened at $91.15 on Friday. Signet Jewelers has a twelve month low of $65.12 and a twelve month high of $112.06. The firm has a market capitalization of $4.07 billion, a P/E ratio of 7.41, a PEG ratio of 0.85 and a beta of 2.10. The firm’s 50-day moving average is $81.40 and its two-hundred day moving average is $92.16.

Signet Jewelers (NYSE:SIG) last released its quarterly earnings data on Thursday, September 12th. The company reported $1.25 EPS for the quarter, topping the consensus estimate of $1.14 by $0.11. Signet Jewelers had a net margin of 10.91% and a return on equity of 32.51%. The business had revenue of $1.49 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the firm earned $1.55 EPS. The business’s revenue for the quarter was down 7.6% compared to the same quarter last year. Analysts predict that Signet Jewelers will post 10.47 EPS for the current year.

Signet Jewelers Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, October 25th will be paid a dividend of $0.29 per share. The ex-dividend date is Friday, October 25th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.27%. Signet Jewelers’s dividend payout ratio (DPR) is 9.43%.

Wall Street Analyst Weigh In

A number of brokerages have commented on SIG. Citigroup reiterated a buy rating and set a $119.00 target price on shares of Signet Jewelers in a report on Friday, June 14th. Wells Fargo & Company cut their target price on shares of Signet Jewelers from $125.00 to $105.00 and set an overweight rating for the company in a research note on Tuesday, August 27th. UBS Group decreased their price target on shares of Signet Jewelers from $145.00 to $132.00 and set a buy rating on the stock in a research note on Wednesday. Telsey Advisory Group reduced their price objective on shares of Signet Jewelers from $105.00 to $87.00 and set a market perform rating on the stock in a research note on Monday, September 9th. Finally, StockNews.com lowered shares of Signet Jewelers from a buy rating to a hold rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $108.60.

Insider Transactions at Signet Jewelers

In related news, Director Eugenia Ulasewicz sold 3,334 shares of the business’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $87.94, for a total value of $293,191.96. Following the completion of the sale, the director now directly owns 29,418 shares in the company, valued at $2,587,018.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Rebecca Wooters sold 3,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $90.34, for a total value of $271,020.00. Following the transaction, the insider now directly owns 90,494 shares in the company, valued at approximately $8,175,227.96. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Eugenia Ulasewicz sold 3,334 shares of the business’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $87.94, for a total value of $293,191.96. Following the sale, the director now owns 29,418 shares of the company’s stock, valued at approximately $2,587,018.92. The disclosure for this sale can be found here. Insiders have sold a total of 57,439 shares of company stock worth $4,809,869 in the last three months. Company insiders own 3.26% of the company’s stock.

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.