Ritchie Bros. Auctioneers Inc (TSE:RBA) to Post Q1 2018 Earnings of $0.19 Per Share, Barrington Research Forecasts

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%.

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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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Earnings History and Estimates for Ritchie Bros. Auctioneers (TSE:RBA)

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