Media headlines about Sotheby’s (NYSE:BID) have trended somewhat positive this week, Accern reports. Accern rates the sentiment of news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Sotheby’s earned a news impact score of 0.11 on Accern’s scale. Accern also assigned news articles about the specialty retailer an impact score of 82 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have effected Accern’s rankings:
- Sotheby’s Strong Second Quarter 2017 Results Boosts Share Price (artlyst.com)
- Art Experiences First Period of Stabilized Returns Since 2011 (finance.yahoo.com)
- Sotheby’s :BID-US: Earnings Analysis: Q2, 2017 By the Numbers : August 7, 2017 (finance.yahoo.com)
- Chipotle Mexican Grill’s (CMG) Outperform Rating Reaffirmed at Telsey Advisory Group (newstrendstoday.com)
- Chipotle Mexican Grill’s (CMG) “Neutral” Rating Reiterated at Credit Suisse Group (currenthollywood.com)
Several research analysts have issued reports on the company. Zacks Investment Research cut Sotheby’s from a “buy” rating to a “hold” rating in a report on Friday, July 21st. TheStreet cut Sotheby’s from a “b-” rating to a “c” rating in a report on Wednesday, May 10th. Finally, Sidoti reissued a “buy” rating and set a $62.00 target price (up from $59.00) on shares of Sotheby’s in a research note on Friday, July 21st.
Sotheby’s (BID) traded down 0.48% during trading on Tuesday, hitting $49.98. 641,838 shares of the stock were exchanged. The firm has a market capitalization of $2.63 billion, a PE ratio of 31.36 and a beta of 1.81. Sotheby’s has a 12-month low of $33.85 and a 12-month high of $57.95. The stock has a 50 day moving average price of $54.64 and a 200-day moving average price of $48.26.
Sotheby’s (NYSE:BID) last issued its earnings results on Thursday, August 3rd. The specialty retailer reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.51 by $0.08. The business had revenue of $314.90 million for the quarter, compared to the consensus estimate of $313.90 million. Sotheby’s had a return on equity of 18.72% and a net margin of 8.49%. Sotheby’s’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.51 EPS. On average, equities research analysts anticipate that Sotheby’s will post $2.03 earnings per share for the current fiscal year.
Sotheby’s Company Profile
Sotheby’s is a global art business company. The Company is engaged in offering its clients opportunities to connect with and transact in a range of objects. The Company offers a range of art-related services, including the brokerage of private art sales, private jewelry sales through Sotheby’s Diamonds, private selling exhibitions at its galleries, art-related financing, and art advisory services, as well as retail wine locations in New York and Hong Kong.
Receive News & Ratings for Sotheby's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sotheby's and related companies with our FREE daily email newsletter.