Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) is scheduled to announce its earnings results after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of C$0.25 per share for the quarter.
Shares of Ritchie Bros. Auctioneers (TSE RBA) opened at C$40.90 on Friday. The firm has a market cap of $4,360.00, a PE ratio of 53.84 and a beta of 0.27. Ritchie Bros. Auctioneers has a 1 year low of C$30.63 and a 1 year high of C$45.56.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be given a $0.213 dividend. This represents a $0.85 annualized dividend and a yield of 2.08%. The ex-dividend date is Thursday, February 15th. Ritchie Bros. Auctioneers’s payout ratio is presently 89.47%.
Separately, National Bank Financial upgraded shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and raised 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 assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of C$38.33.
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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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