Sothebys (BID) Earning Somewhat Positive News Coverage, Analysis Shows

Share on StockTwits

News stories about Sothebys (NYSE:BID) have been trending somewhat positive on Thursday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Sothebys earned a news sentiment score of 0.09 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 47.8834738244904 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of BID stock opened at $47.51 on Thursday. The company has a debt-to-equity ratio of 1.17, a quick ratio of 1.21 and a current ratio of 1.23. The firm has a market capitalization of $2.48 billion, a PE ratio of 21.12 and a beta of 1.68. Sothebys has a 12 month low of $42.78 and a 12 month high of $60.16.

Sothebys (NYSE:BID) last issued its quarterly earnings results on Monday, August 6th. The specialty retailer reported $1.09 EPS for the quarter, missing the consensus estimate of $1.55 by ($0.46). Sothebys had a return on equity of 20.32% and a net margin of 10.11%. The business had revenue of $345.60 million for the quarter, compared to the consensus estimate of $330.28 million. During the same period last year, the firm earned $1.43 earnings per share. The company’s quarterly revenue was up 1.7% compared to the same quarter last year. analysts anticipate that Sothebys will post 2.24 earnings per share for the current fiscal year.

A number of brokerages have recently commented on BID. Zacks Investment Research lowered Sothebys from a “hold” rating to a “sell” rating in a report on Tuesday, August 21st. ValuEngine upgraded Sothebys from a “hold” rating to a “buy” rating in a report on Friday, August 3rd. Finally, Sidoti cut Sothebys from a “buy” rating to a “neutral” rating in a research note on Tuesday, June 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $63.33.

Sothebys Company Profile

Sotheby's operates as an auctioneer of authenticated fine art, decorative art, jewelry, wine, and collectibles in the United States, the United Kingdom, Hong Kong, China, Switzerland, France, and internationally. The company operates in two segments, Agency and Finance. The Agency segment accepts property on consignment; and matches sellers to buyers through the auction or private sale process.

Further Reading: What kind of dividend yield to CEF’s pay?

Insider Buying and Selling by Quarter for Sothebys (NYSE:BID)

Receive News & Ratings for Sothebys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sothebys and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply