Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Analysts at National Bank Financial dropped their Q2 2019 earnings estimates for Ritchie Bros. Auctioneers in a research report issued on Tuesday, July 9th. National Bank Financial analyst M. Sytchev now anticipates that the company will post earnings per share of $0.54 for the quarter, down from their previous estimate of $0.61. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ Q3 2019 earnings at $0.28 EPS.
Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last posted its earnings results on Thursday, May 9th. The company reported C$0.23 EPS for the quarter, missing the Zacks’ consensus estimate of C$0.28 by C($0.05). The company had revenue of C$403.43 million for the quarter, compared to the consensus estimate of C$377.62 million.
TSE:RBA opened at C$44.81 on Friday. Ritchie Bros. Auctioneers has a 52 week low of C$41.38 and a 52 week high of C$50.66. The company’s 50 day moving average price is C$45.41. The company has a debt-to-equity ratio of 97.94, a current ratio of 1.31 and a quick ratio of 0.93. The stock has a market capitalization of $4.88 billion and a PE ratio of 40.04.
The company also recently announced a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a dividend of $0.241 per share. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.24. The ex-dividend date was Tuesday, May 28th. This represents a $0.96 dividend on an annualized basis and a yield of 2.15%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 63.45%.
About Ritchie Bros. Auctioneers
Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery.
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