Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Barrington Research cut their Q1 2018 EPS estimates for Ritchie Bros. Auctioneers in a research report issued on Tuesday, according to Zacks Investment Research. Barrington Research analyst G. Prestopino now anticipates that the company will earn $0.19 per share for the quarter, down from their previous estimate of $0.20. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.65 EPS, Q3 2019 earnings at $0.26 EPS, Q4 2019 earnings at $0.52 EPS and FY2019 earnings at $1.68 EPS.
Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Monday, February 26th. The company reported C$0.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.07. Ritchie Bros. Auctioneers had a return on equity of 14.87% and a net margin of 15.12%. The business had revenue of C$227.07 million for the quarter, compared to the consensus estimate of C$210.30 million.
Ritchie Bros. Auctioneers stock opened at C$38.88 on Wednesday. Ritchie Bros. Auctioneers has a 12-month low of C$30.63 and a 12-month high of C$44.95. The stock has a market capitalization of $4,630.00, a price-to-earnings ratio of 50.49 and a beta of 0.23.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were given a dividend of $0.213 per share. This represents a $0.85 dividend on an annualized basis and a yield of 2.19%. The ex-dividend date of this dividend was Thursday, February 15th. Ritchie Bros. Auctioneers’s payout ratio is currently 88.31%.
TRADEMARK VIOLATION WARNING: This news story was first published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this news story on another site, it was copied illegally and reposted in violation of U.S. & international copyright and trademark laws. The correct version of this news story can be read at https://www.dispatchtribunal.com/2018/03/24/q1-2018-earnings-forecast-for-ritchie-bros-auctioneers-inc-rba-issued-by-barrington-research.html.
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.
Get a free copy of the Zacks research report on Ritchie Bros. Auctioneers (RBA)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.