Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
A director at Sothebys sold 11,000 shares at 58.715USD and the significance rating of the trade was 88/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showin...
Sotheby’s Reports 2019 Second Quarter Financial Results NEW YORK, July 30, 2019 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) today reported its financial results for the second quarter and six months ended June 30, 2019. For the three months ended June 30, 2019, Sotheby’s reported net income of $57.0 million, or $1.20 per diluted share as compared to $57.3 million, or $1.08 per share in the second quarter of 2018. Excluding certain items, Adjusted Net Income* was $70.0 million, or $1.47 per diluted share in the second quarter of 2019 as compared to Adjusted Net Income* of $58.1 mill...
Rating Action: Moody's places Sotheby's Ba2 CFR on review for downgrade. Global Credit Research- 18 Jun 2019. New York, June 18, 2019-- Moody's Investors Service placed Sotheby's ratings on review for downgrade including the Ba2 Corporate Family Rating, Ba2-PD Probability of Default rating and Ba3 senior unsecured note rating.
Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Sotheby's. Global Credit Research- 29 May 2019. New York, May 29, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Sotheby's and other ratings that are associated with the same analytical unit.
Sotheby’s Reports 2019 First Quarter Financial Results NEW YORK, May 02, 2019 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) today reported its financial results for the first quarter ended March 31, 2019. For the three months ended March 31, 2019, Sotheby’s reported a net loss of ($7.1) million, or ($0.15) per share as compared to ($6.5) million, or ($0.12) per share in the prior period. Excluding certain items, Adjusted Net Loss* was ($6.9) million, or ($0.15) per share in the first quarter of 2019 as compared to Adjusted Net Income* of $5.0 million, or $0.09 per diluted share in the firs...
Sotheby’s First Quarter 2019 Earnings Conference Call Invitation NEW YORK, April 18, 2019 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) will be holding its first quarter ended March 31, 2019 earnings conference call on Thursday, May 2, 2019 at 9:00 AM EDT. The call will be hosted by Tad Smith, President and Chief Executive Officer, and Mike Goss, Chief Financial Officer. The call will consist of a brief discussion by the Company followed by a question and answer period. Domestic callers should dial 888-371-8897 and international callers should dial 970-315-0479. The call reservation numb...
Sotheby’s Reports 2018 Full Year Financial Results 16% Increase in Consolidated Sales Fuels Operating Income Growth Company Will Celebrate 275th Anniversary on March 11, 2019 NEW YORK, Feb. 28, 2019 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) today reported its financial results for the fourth quarter and year ended December 31, 2018. For the year ended December 31, 2018, Sotheby’s reported net income of $108.6 million, or $2.09 per diluted share, as compared to $118.8 million, or $2.20 per diluted share, in the prior year. Excluding certain items in both periods, Adjusted Net Incom...
Sotheby’s Full Year 2018 Earnings Conference Call Invitation NEW YORK, Feb. 14, 2019 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) will be holding its fourth quarter and full year ended December 31, 2018 earnings conference call on Thursday, February 28, 2019 at 9:00 AM EST. The call will be hosted by Tad Smith, President and Chief Executive Officer, and Mike Goss, Chief Financial Officer. The call will consist of a brief discussion by the Company followed by a question and answer period. Domestic callers should dial 888-371-8897 and international callers should dial 970-315-0479. The ca...
The general evaluation of SOTHEBY'S INCO. (US), a company active in the Furnishings industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date February 12, 2019, the closing price was U...
Sotheby’s Reports 2018 Third Quarter Financial Results NEW YORK, Nov. 01, 2018 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) today reported its financial results for the third quarter and nine months ended September 30, 2018. For the three months ended September 30, 2018, Sotheby’s reported a net loss of ($27.8) million, or ($0.55) per diluted share. These results represent a decline of 19% from ($23.5) million and 22% from ($0.45) per diluted share in the prior period. However, after excluding certain items, Adjusted Net Loss* for the three months ended September 30, 2018 improved $2.7 mi...
Sotheby’s Third Quarter 2018 Earnings Conference Call Invitation NEW YORK, Oct. 18, 2018 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) will be holding its third quarter and nine months ended September 30, 2018 earnings conference call on Thursday, November 1, 2018 at 9:00 AM EDT. The call will be hosted by Tad Smith, President and Chief Executive Officer, and Mike Goss, Chief Financial Officer. The call will consist of a brief discussion by the Company followed by a question and answer period. Domestic callers should dial 888-371-8897 and international callers should dial 970-315-0479. ...
DHI currently trades well below corporate averages relative to UAFRS-based (Uniform) Earnings, with an 11.5x Uniform P/E. At these levels, the market is pricing in expectations for Uniform ROA to decline from 11% in 2017 to 6% in 2022, accompanied by 9% Uniform Asset growth going forward. However, analysts have bullish expectations, projecting Uniform ROA to expand to 14% through 2019, accompanied by 14% Uniform Asset growth, and these expectations have grown consistently over the past year. Mor...
Sotheby's (BID:USA) currently trades below corporate averages relative to UAFRS-based (Uniform) Earnings, with a 16.4x UAFRS-based P/E, implying bearish expectations for the firm. However, management is confident in their new digital marketing strategies and improved balance sheet Specifically, management is confident that their new marketing strategy, shifting from analog and paper-based sources to digital and smart platforms, will drive better commerce. Additionally, they are confident in th...
Sotheby’s Reports 2018 Second Quarter Financial Results NEW YORK, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Sotheby’s (NYSE: BID) today reported its financial results for the second quarter and six months ended June 30, 2018. For the three months ended June 30, 2018, Sotheby’s reported net income of $57.3 million, or $1.08 per diluted share. These results represent a decline of 26% from $76.9 million and 24% from $1.43 per diluted share in the prior year period partly due to the movement of certain Spring Hong Kong sales into the first quarter of 2018 that have historically been held in the sec...
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