Sothebys (BID) Earns News Impact Score of 0.19

Press coverage about Sothebys (NYSE:BID) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Sothebys earned a media sentiment score of 0.19 on Accern’s scale. Accern also assigned media headlines about the specialty retailer an impact score of 45.8298344885324 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

Several equities research analysts recently weighed in on BID shares. Aegis started coverage on Sothebys in a report on Monday, October 30th. They set a “buy” rating and a $60.00 price objective on the stock. TheStreet downgraded Sothebys from a “b” rating to a “c+” rating in a report on Monday, November 6th. Zacks Investment Research raised Sothebys from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Finally, Consumer Edge raised Sothebys from a “neutral” rating to an “overweight” rating in a report on Wednesday, October 4th. Two research analysts have rated the stock with a sell rating and four have given a buy rating to the company. Sothebys currently has a consensus rating of “Hold” and an average target price of $60.25.

Sothebys (BID) traded up $0.18 during midday trading on Thursday, hitting $52.98. The company had a trading volume of 190,702 shares, compared to its average volume of 501,758. The company has a debt-to-equity ratio of 1.91, a quick ratio of 1.62 and a current ratio of 1.73. Sothebys has a 12 month low of $38.46 and a 12 month high of $57.95. The firm has a market cap of $2,777.41, a P/E ratio of 24.95 and a beta of 1.86.

Sothebys (NYSE:BID) last released its quarterly earnings data on Friday, November 3rd. The specialty retailer reported ($0.45) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.68) by $0.23. Sothebys had a return on equity of 22.48% and a net margin of 10.95%. The company had revenue of $171.39 million for the quarter, compared to the consensus estimate of $101.14 million. During the same quarter last year, the business posted ($0.78) EPS. Sothebys’s revenue for the quarter was up 87.3% on a year-over-year basis. equities research analysts anticipate that Sothebys will post 2.14 EPS for the current year.

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About Sothebys

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.

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