Signet Jewelers price target raised to $55 from $40 at Cowen
Signet Jewelers price target raised to $55 from $40 at Cowen
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Signet Jewelers price target raised to $55 from $40 at Cowen
Signet Jewelers Ltd. shares rose 8% in premarket trade Wednesday, after the company beat estimates for its fiscal first quarter to May 5. The company said it had a net loss of $496.6 million, or $8.48 a share, in the quarter, after earnings of $78.5 million, or $1.03 a share, in the year-earlier period. The number was weighed down by a non-cash impairment charge related to goodwill and intangibles, a loss recognized on held for sale non-prime receivables and restructuring charges, the company said. Adjusted per-share earnings came to 10 cents, ahead of the FactSet consensus for a loss of 9 cents a share. Revenue rose to $1.48 billion from $1.40 billion, also ahead of the FactSet consensus of $1.40 billion. Same-store sales were flat. "Looking ahead, we expect second quarter revenues to be impacted by a tougher prior year same store sales comparison and calendar shifts," Chief Executive Virgina Drosos said in a statement. "We are maintaining our full year 2019 guidance and are intensely focused on laying the foundation to support improved performance in the holiday season." The company is still expecting fiscal 2019 same-store sales to be down in the low to mid single digits. Sales are expected to range from $5.9 billion to $6.1 billion and adjusted per-share earnings are expected to range from $3.75 to $4.25. Shares have fallen 21.9% in the year to date, while the S&P 500 has gained 2.8%.
Signet Jewelers shares up 2.4% premarket
Signet Jewelers still sees FY19 adj. EPS $3.75 to $4.25
Signet Jewelers still sees FY19 revenue $5.9 bln to $6.1 bln
Signet Jewelers sticks with 2019 guidance, still sees same-store sales down in low to mid single digits
Signet Jewelers Q1 same-store sales down 0.1%
Signet Jewelers Q1 revenue $1.48 bln vs. $1.40 bln; FactSet consensus $1.40 bln
Signet Jewelers Q1 adj. loss 10 cents; FactSet consensus loss 9 cents
Signet Jewelers Q1 loss per share $8.48 vs. EPS $1.03
Signet Jewelers price target cut to $36 from $40 at Wells Fargo
Signet Jewelers shares down 1.8% in Tuesday premarket trading
Signet Jewelers price target cut to $41 from $45 at Instinet
Signet Jewelers price target cut to $40 from $54 at Cowen
Signet Jewelers price target slashed to $45 from $62 at Instinet
Signet Jewelers price target cut to $38 from $55 at RBC Capital Markets
Signet Jewelers shares down 1.6% in Thursday premarket trading
Signet Jewelers price target cut to $35 from $52 at Susquehanna Financial Group
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Signet Jewelers will close more than 200 stores this fiscal year and open new ones outside of shopping malls, as one of the biggest mall-based chains combats slumping sales at existing locations.
Among the companies with shares expected to trade actively in Wednesday's session are Walmart, United Continental, Ford, Alphabet and Seaspan.
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Signet Jewelers (SIG) reported its fiscal first quarter 2019 results on June 6, and the stock rose 18.5%.
Signet Jewelers’ (SIG) fiscal first quarter of 2019 sales of $1.5 billion came in ahead of analysts’ expectation of $1.4 billion.
Analysts have maintained their "neutral" stance on Signet Jewelers (SIG) after its fiscal first quarter of 2019 earnings release on June 6.
Signet Jewelers Limited (SIG) CEO Gina Drosos on Q1 2019 Results - Earnings Call Transcript
Signet Jewelers Ltd. Stock Soars on Q1 Earnings Beat
Signet Jewelers released better-than-expected fiscal first-quarter financial results before the markets opened on Wednesday.
Signet reported first-quarter sales of $1.5 billion, which exceeded analysts’ expectation of $1.4 billion.
Most of the analysts providing recommendations for Signet Jewelers (SIG) stock are maintaining a "hold" rating.
Analysts expect Signet Jewelers (SIG) to report a loss per share of $0.09 compared with earnings of $1.20 year-over-year.
Signet Jewelers (SIG) is expected to announce its fiscal Q1 2019 results on Wednesday, June 6. Analysts’ estimates don’t look encouraging.
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After Tiffany (TIF) reported robust fiscal first-quarter results, its stock jumped 23.3% to close at $126.05 on May 23.
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Signet Jewelers Ltd. engages in retailing of jewelry, watches and associated services. It operates through the following divisions: Sterling Jewelers, Zale and UK Jewelry. The Sterling Jewelers division stores operate in malls and off-mall locations, such as Kay Jewelers, Kay Jewelers Outlet, Jared The Galleria Of Jewelry and Jared Vault. The Zale division consists of Zale Jewelry and Piercing Pagoda. The UK Jewelry division stores operate in shopping malls and off-mall locations, includes H.Samuel and Ernest Jones. The company was founded in 1949 and is headquartered in Hamilton, Bermuda. (See Full Profile)
Name | Chg % | Market Cap |
---|---|---|
Tiffany & Co. | $16.64B | |
DGSE Cos. Inc. | $19.39M | |
Birks Group Inc. | $26.58M |