Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Research analysts at National Bank Financial upped their FY2018 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a research note issued on Tuesday, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now forecasts that the business services provider will earn $1.02 per share for the year, up from their prior forecast of $1.01. National Bank Financial currently has a “Outperform” rating and a $35.00 target price on the stock. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ FY2019 earnings at $1.35 EPS.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The firm had revenue of $141.05 million during the quarter, compared to the consensus estimate of $139.96 million. During the same period in the previous year, the firm earned $0.20 EPS. The business’s revenue was up 9.4% on a year-over-year basis.
Other analysts have also issued research reports about the company. Jefferies Group reissued a “hold” rating and set a $30.00 price target on shares of Ritchie Bros. Auctioneers in a report on Thursday, January 18th. Oppenheimer reissued a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Monday, November 13th. Raymond James Financial cut their price target on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating for the company in a report on Monday, November 13th. OTR Global raised Ritchie Bros. Auctioneers from a “reduce” rating to a “neutral” rating in a report on Thursday. Finally, Scotiabank set a $34.00 price target on Ritchie Bros. Auctioneers and gave the company an “outperform” rating in a report on Friday, October 20th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $31.39.
Ritchie Bros. Auctioneers (NYSE RBA) traded down $0.82 during trading hours on Friday, reaching $30.93. The company’s stock had a trading volume of 677,777 shares, compared to its average volume of 535,612. Ritchie Bros. Auctioneers has a twelve month low of $24.08 and a twelve month high of $35.21. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. The company has a market capitalization of $3,403.12, a price-to-earnings ratio of 50.70, a PEG ratio of 3.34 and a beta of 0.66.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be given a $0.17 dividend. The ex-dividend date is Thursday, February 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.20%. Ritchie Bros. Auctioneers’s payout ratio is 111.48%.
In other news, insider Karl William Werner sold 5,400 shares of the business’s stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $28.68, for a total value of $154,872.00. Following the transaction, the insider now directly owns 5,400 shares in the company, valued at $154,872. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.39% of the stock is owned by insiders.
Several institutional investors have recently made changes to their positions in the company. Janus Henderson Group PLC purchased a new stake in shares of Ritchie Bros. Auctioneers in the second quarter worth about $175,728,000. CGOV Asset Management lifted its position in shares of Ritchie Bros. Auctioneers by 11.2% in the fourth quarter. CGOV Asset Management now owns 5,007,325 shares of the business services provider’s stock worth $188,435,000 after buying an additional 504,959 shares in the last quarter. Riverbridge Partners LLC lifted its position in shares of Ritchie Bros. Auctioneers by 44.2% in the fourth quarter. Riverbridge Partners LLC now owns 4,953,033 shares of the business services provider’s stock worth $148,244,000 after buying an additional 1,517,172 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in shares of Ritchie Bros. Auctioneers by 35.9% in the third quarter. Mondrian Investment Partners LTD now owns 3,763,686 shares of the business services provider’s stock worth $148,477,000 after buying an additional 994,240 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Ritchie Bros. Auctioneers by 24.1% in the second quarter. Vanguard Group Inc. now owns 2,146,933 shares of the business services provider’s stock worth $61,703,000 after buying an additional 417,392 shares in the last quarter. Institutional investors and hedge funds own 97.88% of the company’s stock.
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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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