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. It is also involved in the sale of artworks; and operation of an auction house for investment-quality automobiles. The Finance segment offers art-related financing services, such as term loans secured by artworks that are not intended for sale. The company is also involved in the retail wine operations; licensing Sotheby's International Realty and related trademarks; and licensing its Sotheby's brand name for use in connection with the art auction business in Australia, and art education services in the United States and the United Kingdom. Sotheby's was founded in 1744 and is headquartered in New York, New York.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Business services, not elsewhere classified
Sub-IndustrySpecialized Consumer Services
SectorBusiness Services
SymbolNYSE:BID
CUSIP83589810
Phone212-606-7000
Debt
Debt-to-Equity Ratio1.21
Current Ratio1.25
Quick Ratio1.19
Price-To-Earnings
Trailing P/E Ratio21.89
Forward P/E Ratio19.52
P/E GrowthN/A
Sales & Book Value
Annual Sales$989.39 million
Price / Sales2.89
Cash Flow$2.7932 per share
Price / Cash19.78
Book Value$11.76 per share
Price / Book4.70
Profitability
EPS (Most Recent Fiscal Year)$2.25
Net Income$118.79 million
Net Margins12.39%
Return on Equity24.21%
Return on Assets5.24%
Miscellaneous
Employees1,662
Outstanding Shares51,810,000
Market Cap$2,880.34
Sothebys (NYSE:BID) Frequently Asked Questions
What is Sothebys' stock symbol?
Sothebys trades on the New York Stock Exchange (NYSE) under the ticker symbol "BID."
How will Sothebys' stock buyback program work?
Sothebys declared that its board has initiated a share buyback plan on Thursday, March 15th 2018, which allows the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its stock is undervalued.
How were Sothebys' earnings last quarter?
Sothebys (NYSE:BID) announced its quarterly earnings results on Thursday, May, 3rd. The specialty retailer reported $0.09 EPS for the quarter, topping the Thomson Reuters' consensus estimate of ($0.21) by $0.30. The specialty retailer earned $195.80 million during the quarter, compared to analysts' expectations of $141 million. Sothebys had a return on equity of 24.21% and a net margin of 12.39%. The business's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.12) EPS. View Sothebys' Earnings History.
When is Sothebys' next earnings date?
What price target have analysts set for BID?
4 brokerages have issued 1 year price objectives for Sothebys' stock. Their forecasts range from $60.00 to $65.00. On average, they expect Sothebys' stock price to reach $62.3333 in the next twelve months. This suggests a possible upside of 12.8% from the stock's current price. View Analyst Ratings for Sothebys.
What is the consensus analysts' recommendation for Sothebys?
4 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 1 hold rating and 3 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
Who are some of Sothebys' key competitors?
Some companies that are related to Sothebys include Nielsen (NLSN), GrubHub (GRUB), The Western Union (WU), CDK Global (CDK), WEX (WEX), athenahealth (ATHN), Fair Isaac (FICO), Etsy (ETSY), Healthequity (HQY), Stamps.com (STMP), MAXIMUS (MMS), Cotiviti (COTV), TriNet Group (TNET), Conduent (CNDT) and Ritchie Bros. Auctioneers (RBA).
Who are Sothebys' key executives?
Sothebys' management team includes the folowing people:
- Mr. Thomas S. Smith Jr., Pres, CEO & Director (Age 53)
- Mr. Michael Fenton Goss, Exec. VP & CFO (Age 58)
- Mr. Adam David Chinn, Exec. VP & COO (Age 56)
- Mr. David Goodman, Exec. VP of Digital Devel. & Marketing (Age 57)
- Mr. Valentino D. Carlotti, Exec. VP & Global Head of Bus. Devel. (Age 51)
Has Sothebys been receiving favorable news coverage?
News headlines about BID stock have trended somewhat positive on Thursday, according to Accern Sentiment Analysis. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Sothebys earned a coverage optimism score of 0.09 on Accern's scale. They also gave media coverage about the specialty retailer an impact score of 46.95 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock's share price in the next few days.
Who are Sothebys' major shareholders?
Sothebys' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Retirement Systems of Alabama (0.24%), Bank of Montreal Can (0.06%), Tokio Marine Asset Management Co. Ltd. (0.02%) and Radnor Capital Management LLC (0.01%). Company insiders that own Sothebys stock include Adam Chinn, Kevin M Delaney and Olivier Reza. View Institutional Ownership Trends for Sothebys.
Which major investors are selling Sothebys stock?
BID stock was sold by a variety of institutional investors in the last quarter, including Tokio Marine Asset Management Co. Ltd. and Radnor Capital Management LLC. Company insiders that have sold Sothebys company stock in the last year include Kevin M Delaney and Olivier Reza. View Insider Buying and Selling for Sothebys.
Which major investors are buying Sothebys stock?
BID stock was purchased by a variety of institutional investors in the last quarter, including Bank of Montreal Can and Retirement Systems of Alabama. Company insiders that have bought Sothebys stock in the last two years include Adam Chinn and Olivier Reza. View Insider Buying and Selling for Sothebys.
How do I buy shares of Sothebys?
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, Scottrade, Fidelity and Charles Schwab.
What is Sothebys' stock price today?
One share of BID stock can currently be purchased for approximately $55.25.
How big of a company is Sothebys?
Sothebys has a market capitalization of $2.88 billion and generates $989.39 million in revenue each year. The specialty retailer earns $118.79 million in net income (profit) each year or $2.25 on an earnings per share basis. Sothebys employs 1,662 workers across the globe.
How can I contact Sothebys?
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]
MarketBeat Community Rating for Sothebys (NYSE BID)
MarketBeat's community ratings are surveys of what our community members think about Sothebys and other stocks. Vote "Outperform" if you believe BID will outperform the S&P 500 over the long term. Vote "Underperform" if you believe BID will underperform the S&P 500 over the long term. You may vote once every thirty days.
