Research Analysts Set Expectations for Ritchie Bros. Auctioneers Inc’s FY2019 Earnings (RBA)

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities researchers at Northcoast Research issued their FY2019 earnings estimates for shares of Ritchie Bros. Auctioneers in a note issued to investors on Wednesday, according to Zacks Investment Research. Northcoast Research analyst J. Healy anticipates that the company will post earnings of $1.46 per share for the year.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last announced its earnings results on Thursday, November 9th. The company reported C$0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.18 by C($0.07). Ritchie Bros. Auctioneers had a return on equity of 5.77% and a net margin of 7.32%.

RBA has been the topic of several other reports. TD Securities dropped their price target on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a research report on Tuesday, October 10th. Scotiabank reaffirmed an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a research report on Friday, October 20th. Raymond James Financial dropped their price target on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 10th. Finally, National Bank Financial raised shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and increased their price objective for the company from C$28.00 to C$39.00 in a research report on Monday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the stock. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus target price of C$38.33.

Shares of Ritchie Bros. Auctioneers (RBA) traded down C$0.84 on Thursday, reaching C$39.26. 159,309 shares of the company traded hands, compared to its average volume of 159,306. Ritchie Bros. Auctioneers has a fifty-two week low of C$30.63 and a fifty-two week high of C$46.32. The firm has a market capitalization of $4,210.00, a PE ratio of 51.66 and a beta of 0.26.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th were given a $0.219 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. This represents a $0.88 annualized dividend and a dividend yield of 2.23%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 89.47%.

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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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