New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
March 27, 2014
11:19 EDTNILE, SIG, TIF, ZLCSignet Jewelers hits 52-week high after quarterly results top estimates
Shares of specialty jeweler Signet Jewelers (SIG) are advancing after the company's fourth quarter results topped expectations. WHAT'S NEW: This morning, Signet Jewelers reported fourth quarter earnings per share of $2.18 and revenue of $1.56B, compared to expectations of $2.15 and $1.55B, respectively. The company reported Q4 same store sales rose 4.3%, with Kay brand SSS up 4.9%, Jared SSS up 4.1% and Regional brands SSS down 3.1%. WHAT'S NOTABLE: On February 19, Signet agreed to acquire Zale Corporation (ZLC) for $21.00 per share in cash. Signet Jewelers forecast Q1 EPS ex-acquisition costs of $1.24-$1.28, compared to consensus $1.28. The company sees acquisition costs impacting Q1 EPS by 10c-8c, resulting in total first quarter EPS in the range of $1.14-$1.20. The recently announced acquisition of Zale will result in the realization of incremental expenses prior to the close of the transaction, as the final close date is dependent upon Zale stockholder and regulatory approval and the satisfaction of closing conditions. Signet anticipates Q1 SSS to rise 3%-4%. The company also raised its quarterly dividend to 18c from 15c per share. PRICE ACTION: In late morning trading, Signet Jewelers rose $6.56, or 6.6%, to $104.87 on nearly twice its average daily trading volume. Earlier in the session, the stock hit a fresh 52-week high of $107.38. The stock is up over 65% over the past twelve months. OTHERS TO WATCH: Other companies in the jewelry space include Tiffany & Co. (TIF) and Blue Nile (NILE).
News For SIG;ZLC;TIF;NILE From The Last 14 Days
Sign up for a free trial to see the rest of the stories you've been missing.
July 24, 2015
17:33 EDTSIGS&P announces changes to S&P 400, 500, and 600 indices
Subscribe for More Information
17:18 EDTSIGPAREXEL to replace Signet Jewelers in S&P 400 as of 7/28 close
Subscribe for More Information
17:17 EDTSIGSignet Jewelers to replace DirecTV in S&P 500 as of 7/28 close
Subscribe for More Information
July 15, 2015
11:12 EDTSIGSignet Jewelers management to meet with Topeka
Subscribe for More Information
July 14, 2015
07:38 EDTTIFTiffany management to meet with Bernstein
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use