Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Northcoast Research issued their FY2019 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a report issued on Wednesday, according to Zacks Investment Research. Northcoast Research analyst J. Healy expects that the company will post earnings of $1.46 per share for the year.
A number of other research firms have also recently commented on RBA. TD Securities decreased their price objective on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a report on Tuesday, October 10th. Raymond James Financial decreased their price objective on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a report on Tuesday, October 10th. Scotiabank reiterated an “outperform” rating and issued a C$42.50 price objective on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th. Finally, National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$28.00 to C$39.00 in a report on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and a consensus target price of C$38.33.
Ritchie Bros. Auctioneers (TSE:RBA) traded up C$0.42 on Thursday, reaching C$39.84. The company had a trading volume of 170,033 shares, compared to its average volume of 201,355. Ritchie Bros. Auctioneers has a 12-month low of C$30.63 and a 12-month high of C$46.32. The firm has a market capitalization of $4,270.00, a PE ratio of 51.74 and a beta of 0.26.
The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th were given a $0.219 dividend. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.20%. Ritchie Bros. Auctioneers’s payout ratio is presently 88.31%.
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Ritchie Bros. Auctioneers Company Profile
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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