Brokerages expect that Sothebys (NYSE:BID) will report $1.34 earnings per share for the current quarter, Zacks reports. Zero analysts have provided estimates for Sothebys’ earnings. Sothebys reported earnings per share of $1.35 during the same quarter last year, which would indicate a negative year-over-year growth rate of 0.7%. The firm is expected to issue its next quarterly earnings results on Monday, February 26th.

On average, analysts expect that Sothebys will report full-year earnings of $2.17 per share for the current year, with EPS estimates ranging from $2.12 to $2.22. For the next fiscal year, analysts forecast that the company will report earnings of $2.44 per share, with EPS estimates ranging from $2.40 to $2.48. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Sothebys.

Sothebys (NYSE:BID) last issued its quarterly earnings results on Friday, November 3rd. The specialty retailer reported ($0.45) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.68) by $0.23. Sothebys had a net margin of 10.95% and a return on equity of 22.48%. The firm had revenue of $171.39 million during the quarter, compared to analysts’ expectations of $101.14 million. During the same quarter in the prior year, the business earned ($0.78) EPS. Sothebys’s quarterly revenue was up 87.3% compared to the same quarter last year.

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

Sothebys (NYSE:BID) traded down $0.07 during mid-day trading on Friday, hitting $51.34. 441,026 shares of the stock traded hands, compared to its average volume of 253,180. Sothebys has a one year low of $38.46 and a one year high of $57.95. The firm has a market cap of $2,695.50, a PE ratio of 26.06 and a beta of 1.87. The company has a debt-to-equity ratio of 1.91, a current ratio of 1.73 and a quick ratio of 1.62.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its holdings in shares of Sothebys by 9.9% in the 2nd quarter. Vanguard Group Inc. now owns 3,974,106 shares of the specialty retailer’s stock valued at $213,290,000 after purchasing an additional 356,603 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd increased its holdings in shares of Sothebys by 77.0% in the 3rd quarter. Clal Insurance Enterprises Holdings Ltd now owns 1,500,000 shares of the specialty retailer’s stock valued at $69,165,000 after purchasing an additional 652,600 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Sothebys by 42.2% in the 3rd quarter. Victory Capital Management Inc. now owns 1,270,757 shares of the specialty retailer’s stock valued at $58,595,000 after purchasing an additional 377,050 shares in the last quarter. Paradice Investment Management LLC increased its holdings in shares of Sothebys by 5.1% in the 3rd quarter. Paradice Investment Management LLC now owns 1,094,660 shares of the specialty retailer’s stock valued at $50,475,000 after purchasing an additional 52,653 shares in the last quarter. Finally, Conestoga Capital Advisors LLC increased its holdings in shares of Sothebys by 12.0% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 807,243 shares of the specialty retailer’s stock valued at $37,222,000 after purchasing an additional 86,575 shares in the last quarter. Institutional investors and hedge funds own 92.00% of the company’s stock.

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Sothebys 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.

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