As per Sotheby's (NYSE:BID)’s news release on 2016-01-05, its shareholders will get cash dividend of $0.1 per share. The recent press release updated on the record date and payout date, which stands at 2015-12-01 and 2015-12-15, respectively.
The stock will commence trading ex-dividend from 2015-11-27, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Sotheby's (NYSE:BID) disbursed $0.1 in dividend compared to distribution of $0.1, a year ago.
It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of -91.5612%.
The sell-side market professionals who track the firm’s financial and technical parameters have estimated Sotheby's (NYSE:BID) to attain a price target of $35.5. It is an average estimate figure given by 2 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $36. The low price range is set at $35 for next year while the arithmetic mean is seen at 3.
Eyeing Earnings Sotheby's (NYSE:BID) is likely to post quarterly numbers around 2016-11-14 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $-0.62 for the period ending on 2016-09-30.
In last quarter ended 2015-12-31, Sotheby's (NYSE:BID) earnings came at $1.51 suggesting a deviation of $0.46. The brokerages targeted EPS of $1.05 for the quarter.
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