Analysts Issue Forecasts for Ritchie Bros. Auctioneers Inc’s Q4 2018 Earnings (RBA)

Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Equities research analysts at Barrington Research lifted their Q4 2018 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a research note issued to investors on Tuesday, November 20th. Barrington Research analyst G. Prestopino now expects that the business services provider will earn $0.37 per share for the quarter, up from their previous forecast of $0.36. Barrington Research currently has a “Hold” rating on the stock. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q2 2019 earnings at $0.48 EPS.

Several other analysts have also recently weighed in on RBA. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $43.00 price objective for the company in a research note on Wednesday, August 22nd. Scotiabank set a $39.00 price objective on shares of Ritchie Bros. Auctioneers and gave the stock a “hold” rating in a research note on Monday, August 13th. National Bank Financial lifted their price objective on shares of Ritchie Bros. Auctioneers from $35.00 to $39.00 and gave the stock a “sector perform” rating in a research note on Monday, August 13th. Raymond James lifted their price objective on shares of Ritchie Bros. Auctioneers from $34.00 to $38.00 and gave the stock a “market perform” rating in a research note on Monday, August 13th. Finally, TD Securities lifted their price objective on shares of Ritchie Bros. Auctioneers from $26.00 to $28.00 and gave the stock a “reduce” rating in a research note on Monday, August 13th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.00.

Shares of Ritchie Bros. Auctioneers stock opened at $34.09 on Thursday. Ritchie Bros. Auctioneers has a twelve month low of $25.50 and a twelve month high of $38.77. The company has a quick ratio of 1.12, a current ratio of 1.28 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $3.73 billion, a price-to-earnings ratio of 42.09, a price-to-earnings-growth ratio of 2.39 and a beta of 0.78.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Ritchie Bros. Auctioneers had a net margin of 12.36% and a return on equity of 14.15%. The business had revenue of $159.30 million during the quarter, compared to analysts’ expectations of $163.59 million. During the same quarter in the previous year, the company earned $0.09 EPS. The business’s revenue was up 13.0% on a year-over-year basis.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 28th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 2.11%. The ex-dividend date of this dividend is Tuesday, November 27th. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 88.89%.

A number of hedge funds have recently added to or reduced their stakes in the business. CWM LLC increased its holdings in Ritchie Bros. Auctioneers by 2.2% in the 2nd quarter. CWM LLC now owns 93,061 shares of the business services provider’s stock valued at $3,175,000 after buying an additional 2,036 shares during the period. Granite Investment Partners LLC increased its holdings in Ritchie Bros. Auctioneers by 10.4% in the 3rd quarter. Granite Investment Partners LLC now owns 21,639 shares of the business services provider’s stock valued at $782,000 after buying an additional 2,046 shares during the period. FDx Advisors Inc. increased its holdings in Ritchie Bros. Auctioneers by 11.4% in the 3rd quarter. FDx Advisors Inc. now owns 22,068 shares of the business services provider’s stock valued at $797,000 after buying an additional 2,267 shares during the period. Comerica Bank increased its holdings in Ritchie Bros. Auctioneers by 32.2% in the 2nd quarter. Comerica Bank now owns 9,453 shares of the business services provider’s stock valued at $308,000 after buying an additional 2,300 shares during the period. Finally, Tobam increased its holdings in Ritchie Bros. Auctioneers by 2.2% in the 2nd quarter. Tobam now owns 121,000 shares of the business services provider’s stock valued at $4,125,000 after buying an additional 2,600 shares during the period. 91.65% of the stock is currently owned by hedge funds and other institutional investors.

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

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