Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 8th. Analysts expect the company to announce earnings of $0.16 per share for the quarter.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, August 9th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.06. The business had revenue of $206.80 million during the quarter, compared to analyst estimates of $225.52 million. Ritchie Bros. Auctioneers had a net margin of 12.36% and a return on equity of 13.42%. The firm’s quarterly revenue was up 24.4% on a year-over-year basis. During the same quarter last year, the business earned $0.33 EPS. On average, analysts expect Ritchie Bros. Auctioneers to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE RBA opened at $32.84 on Wednesday. The company has a market capitalization of $3.64 billion, a P/E ratio of 40.54, a price-to-earnings-growth ratio of 2.35 and a beta of 0.78. Ritchie Bros. Auctioneers has a 1 year low of $24.08 and a 1 year high of $38.77. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.26 and a quick ratio of 1.13.
RBA has been the subject of several analyst reports. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Wednesday, August 22nd. Macquarie raised their price target on shares of Ritchie Bros. Auctioneers from $39.50 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, September 11th. Scotiabank set a $39.00 price target on shares of Ritchie Bros. Auctioneers and gave the stock a “hold” rating in a report on Monday, August 13th. Finally, Barrington Research restated a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Monday, August 13th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $36.11.
In other Ritchie Bros. Auctioneers news, SVP Kieran Colquhoun Holm sold 13,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were sold at an average price of $38.24, for a total transaction of $506,297.60. Following the completion of the transaction, the senior vice president now owns 11,278 shares in the company, valued at approximately $431,270.72. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.30% of the stock is currently owned by company insiders.
An institutional investor recently raised its position in Ritchie Bros. Auctioneers stock. Bank of New York Mellon Corp increased its stake in Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) by 23.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,848 shares of the business services provider’s stock after acquiring an additional 7,072 shares during the quarter. Bank of New York Mellon Corp’s holdings in Ritchie Bros. Auctioneers were worth $1,291,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 93.82% of the company’s stock.
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Ritchie Bros. Auctioneers Company Profile
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.
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