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 has approved 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 reacquire shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company's management believes its stock is undervalued.

Sothebys (NYSE:BID) posted its earnings results on Tuesday, July, 30th. The specialty retailer reported $1.47 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.58 by $0.11. The specialty retailer earned $361.78 million during the quarter, compared to analysts' expectations of $336.58 million. Sothebys had a return on equity of 28.39% and a net margin of 10.47%. During the same quarter in the previous year, the firm earned $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 equities research analysts have issued 12 month price targets for Sothebys' stock. Their forecasts range from $44.00 to $57.00. On average, they expect Sothebys' share 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.

Headlines about BID stock have trended positive recently, according to InfoTrie Sentiment Analysis. The research firm rates the sentiment of media coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of companies on a scale of -5 to 5, with scores closest to five being the most favorable. Sothebys earned a daily sentiment score of 2.2 on InfoTrie's scale. They also assigned news articles about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent media 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]