Published On: Mon, May 9th, 2016
Uncategorized | By Sylvia Delisle

Sotheby’s (NASDAQ:BID) Expected To Report Earnings On Monday

Analysts await Sotheby’s (NASDAQ:BID) to report earnings on May, 09 for the fiscal quarter ending Mar 2016.

They expect $-0.22 EPS, down 150% or $0.33 from last year’s $0.11 per share.

At the moment 4 analysts are watching Sotheby’s (NASDAQ:BID), 0 rate it “Buy”, 0 “Outperform”, 4 “Underperform”, 0 “Sell”, while 0 “Hold”.

Looking forward, for the quarter ending Jun-16, 3 analysts have a mean sales target of 304.45 million. For the quarter ending Sep-16, 3 analysts have a mean sales target of 90.60 million whilst for the year ending Dec-16, 3 analysts have a mean target of 851.39 million.

In terms of earnings per share, 2 analysts have a 1.10 EPS mean target for the quarter ending Jun-16, for the quarter ending Sep-16, 2 analysts have a -0.56 EPS mean target and for the quarter ending Sep-16 there are 2 estimates of 1.80 EPS.

The biggest institutional shareholders in Sotheby’s include Third Point LLC which owns 7 million shares in the company valued at $171.30 million. MARCATO CAPITAL MANAGEMENT LLC is the second biggest holder with 6 million shares currently valued at 160.27 million whilst Vanguard Group Inc has 4 million shares valued at 107.80 million.

Total shares held by institutions as of the most recent company filings are 68,257,111 with a reported 4,931,737 bought and 6,474,914 sold. These holdings make up 91.73% of the company’s outstanding shares.

Currently insiders hold 2,576,531 shares in the business which makes up 4.16% of shares. The biggest holder currently is William F. Ruprecht who owns 203,027 shares (0.33% of those outstanding), whilst Mr. Thomas S. Smith, Jr holds 199,423 (0.32% of shares outstanding) and Mr. John M. Angelo holds 169,450 (0.27% of shares outstanding).

The stock increased 0.70% or $0.19 during the last trading session, hitting $34.93. Sotheby’s (NASDAQ:BID) has risen 8.67% over the past 6 months and is uptrending.

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