Sothebys (BID) Receiving Somewhat Positive Press Coverage, Study Shows
News coverage about Sothebys (NYSE:BID) has trended somewhat positive on Wednesday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Sothebys earned a daily sentiment score of 0.10 on Accern’s scale. Accern also gave news coverage about the specialty retailer an impact score of 45.5526188099804 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- You Don’t Have To Be In The Academy To Win This OSCA (jalopnik.com)
- Early European art heads Jan. 21 sale (antiquetrader.com)
- Sotheby’s Inc.: Monuments Men Painting from the Collection of J.E. Safra Headlines Sotheby’s Masters Week Sales in NYC (twst.com)
- Sothebys (BID) Receives Consensus Recommendation of “Buy” from Brokerages (americanbankingnews.com)
- Is Mickey Drexler Planing a Miami Compound? (wwd.com)
A number of analysts have recently weighed in on the stock. Aegis assumed coverage on shares of Sothebys in a research report on Monday, October 30th. They set a “buy” rating and a $60.00 price target for the company. Zacks Investment Research raised shares of Sothebys from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a research report on Monday, January 8th. Consumer Edge upgraded Sothebys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, October 4th. Finally, TheStreet cut Sothebys from a “b” rating to a “c+” rating in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $59.00.
Sothebys (NYSE:BID) last announced its quarterly earnings data on Friday, November 3rd. The specialty retailer reported ($0.45) earnings per share (EPS) for the quarter, topping 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 firm had revenue of $171.39 million for the quarter, compared to analysts’ expectations of $101.14 million. During the same period last year, the business posted ($0.78) earnings per share. The firm’s revenue for the quarter was up 87.3% on a year-over-year basis. analysts predict that Sothebys will post 2.17 EPS for the current fiscal year.
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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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