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 authorized 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 purchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board of directors believes its shares are undervalued.

Sothebys (NYSE:BID) announced its earnings results on Tuesday, July, 30th. The specialty retailer reported $1.47 earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of $1.58 by $0.11. The specialty retailer had revenue of $361.78 million for 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 prior year, the business 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.

3 brokerages have issued 12 month target prices for Sothebys' stock. Their forecasts range from $57.00 to $57.00. On average, they anticipate Sothebys' stock price to reach $57.00 in the next year. This suggests a possible upside of 0.0% from the stock's current price. View Analyst Price Targets for Sothebys.

3 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Sothebys in the last year. There are currently 3 hold ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Sothebys.

Headlines about BID stock have been trending negative recently, according to InfoTrie. The research group scores the sentiment of news coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Sothebys earned a news impact score of -2.0 on InfoTrie's scale. They also assigned media coverage about the specialty retailer a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the stock's share price in the near 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]