NYSE:BID - Sothebys Stock Price, Forecast & News

Sothebys trades on the New York Stock Exchange (NYSE) under the ticker symbol "BID."

Sothebys announced that its Board of Directors has authorized a stock repurchase plan on Thursday, March 15th 2018, which authorizes the company to repurchase $100,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase plans are typically an indication that the company's management believes its stock is undervalued.

Sothebys (NYSE:BID) issued its earnings results on Tuesday, July, 30th. The specialty retailer reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.58 by $0.11. The specialty retailer earned $361.78 million during the quarter, compared to the consensus estimate of $336.58 million. Sothebys had a net margin of 10.47% and a return on equity of 28.39%. During the same quarter in the prior year, the firm posted $1.09 earnings per share. View Sothebys' Earnings History.

Sothebys is scheduled to release their next quarterly earnings announcement on Wednesday, February 26th 2020. View Earnings Estimates for Sothebys.

4 brokerages have issued 1-year target prices for Sothebys' stock. Their forecasts range from $44.00 to $57.00. On average, they anticipate Sothebys' stock price to reach $52.67 in the next twelve months. This suggests that the stock has a possible downside of 7.6%. View Analyst Price Targets for Sothebys.

4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 4 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sothebys.

Media coverage about BID stock has been trending somewhat negative recently, according to InfoTrie. The research group rates the sentiment of press coverage by analyzing more than six thousand news and blog sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sothebys earned a media sentiment score of -1.4 on InfoTrie's scale. They also gave news articles about the specialty retailer a news buzz of 1.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View News Stories for Sothebys.

Some companies that are related to Sothebys include H & R Block (HRB), Weight Watchers International (WW), Hillenbrand (HI), Matthews International (MATW), Regis (RGS), Carriage Services (CSV), Capstar Financial (CSTR), Collectors Universe (CLCT) and Ascent Capital Group Inc Series A (ASCMA).

Based on aggregate information from My MarketBeat watchlists, some companies that other Sothebys investors own include DEUTSCHE BOERSE/ADR (DBOEY), Bank of Hawaii (BOH), InterDigital Wireless (IDCC), Stag Industrial (STAG), American International Group (AIG), Mastercard (MA), QUALCOMM (QCOM), Walt Disney (DIS), Cisco Systems (CSCO) and Intel (INTC).

Shares of BID can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity and Charles Schwab.

One share of BID stock can currently be purchased for approximately $56.99.

Sothebys has a market capitalization of $2.66 billion and generates $1.04 billion in revenue each year. The specialty retailer earns $108.63 million in net income (profit) each year or $2.48 on an earnings per share basis. Sothebys employs 1,713 workers across the globe.View Additional Information About Sothebys.

The official website for Sothebys is http://www.sothebys.com/.

Sothebys' mailing address is 1334 YORK AVENUE, NEW YORK NY, 10021. The specialty retailer can be reached via phone at 212-606-7000 or via email at [email protected]