Analysts Offer Predictions for Ritchie Bros. Auctioneers Incorporated’s Q3 2021 Earnings (NYSE:RBA)

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) – Equities researchers at William Blair lowered their Q3 2021 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a research report issued on Tuesday, May 11th. William Blair analyst L. De. Maria now expects that the business services provider will post earnings of $0.43 per share for the quarter, down from their prior forecast of $0.44.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Sunday, May 9th. The business services provider reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $331.56 million during the quarter, compared to analyst estimates of $294.73 million. Ritchie Bros. Auctioneers had a net margin of 13.03% and a return on equity of 19.76%. Ritchie Bros. Auctioneers’s revenue was up 21.3% compared to the same quarter last year. During the same period last year, the business earned $0.21 earnings per share.

A number of other equities research analysts also recently issued reports on the company. Zacks Investment Research upgraded Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Tuesday, April 27th. Bank of America downgraded Ritchie Bros. Auctioneers from a “neutral” rating to an “underperform” rating and set a $55.00 price target for the company. in a research report on Thursday, February 4th. Raymond James upped their price objective on shares of Ritchie Bros. Auctioneers from $59.00 to $65.00 and gave the stock a “market perform” rating in a research report on Wednesday. OTR Global reissued a “mixed” rating on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, April 27th. Finally, National Bank Financial cut shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “sector perform” rating and set a $66.00 price objective on the stock. in a research report on Tuesday. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating and seven have issued a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $64.86.

Shares of NYSE:RBA opened at $63.23 on Thursday. The firm has a fifty day moving average price of $62.46 and a two-hundred day moving average price of $62.83. The company has a market cap of $6.97 billion, a price-to-earnings ratio of 40.02, a PEG ratio of 4.50 and a beta of 1.14. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.34 and a quick ratio of 1.26. Ritchie Bros. Auctioneers has a one year low of $38.80 and a one year high of $78.64.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 16th. Stockholders of record on Wednesday, May 26th will be paid a $0.22 dividend. The ex-dividend date is Tuesday, May 25th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 1.39%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 48.12%.

In related news, insider Kieran Colquhoun Holm sold 6,778 shares of the firm’s stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $52.15, for a total transaction of $353,472.70. Following the transaction, the insider now directly owns 21,520 shares in the company, valued at approximately $1,122,268. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Darren Jeffrey Watt sold 500 shares of Ritchie Bros. Auctioneers stock in a transaction that occurred on Friday, March 12th. The stock was sold at an average price of $57.00, for a total value of $28,500.00. Following the completion of the transaction, the insider now directly owns 15,671 shares in the company, valued at $893,247. The disclosure for this sale can be found here. Insiders sold a total of 54,343 shares of company stock valued at $3,054,464 in the last ninety days. 0.83% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Clearbridge Investments LLC boosted its position in Ritchie Bros. Auctioneers by 2.5% during the 1st quarter. Clearbridge Investments LLC now owns 7,729 shares of the business services provider’s stock valued at $453,000 after buying an additional 191 shares during the period. Private Capital Group LLC boosted its holdings in shares of Ritchie Bros. Auctioneers by 52.8% during the first quarter. Private Capital Group LLC now owns 860 shares of the business services provider’s stock worth $50,000 after purchasing an additional 297 shares during the period. Squarepoint Ops LLC grew its stake in shares of Ritchie Bros. Auctioneers by 9.5% in the fourth quarter. Squarepoint Ops LLC now owns 3,910 shares of the business services provider’s stock worth $272,000 after purchasing an additional 338 shares during the last quarter. NEXT Financial Group Inc increased its holdings in Ritchie Bros. Auctioneers by 4.2% during the 1st quarter. NEXT Financial Group Inc now owns 8,457 shares of the business services provider’s stock valued at $495,000 after purchasing an additional 342 shares during the period. Finally, Bell Bank increased its holdings in Ritchie Bros. Auctioneers by 2.0% during the 1st quarter. Bell Bank now owns 23,314 shares of the business services provider’s stock valued at $1,365,000 after purchasing an additional 447 shares during the period. 80.25% of the stock is currently owned by institutional investors.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers, Inc is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Auctions and Marketplaces, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service.

Featured Story: Derivative

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

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.