Equities analysts forecast that Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) will post earnings of $0.36 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Ritchie Bros. Auctioneers’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.30. Ritchie Bros. Auctioneers reported earnings per share of $0.26 during the same quarter last year, which would suggest a positive year-over-year growth rate of 38.5%. The business is scheduled to announce its next earnings report on Monday, February 25th.
On average, analysts expect that Ritchie Bros. Auctioneers will report full-year earnings of $1.13 per share for the current year, with EPS estimates ranging from $1.05 to $1.20. For the next year, analysts expect that the company will report earnings of $1.38 per share, with EPS estimates ranging from $1.30 to $1.50. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Ritchie Bros. Auctioneers.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Thursday, November 8th. The business services provider reported $0.18 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.18. Ritchie Bros. Auctioneers had a return on equity of 14.15% and a net margin of 12.36%. The business had revenue of $159.30 million during the quarter, compared to the consensus estimate of $163.59 million. During the same period in the previous year, the company posted $0.09 earnings per share. The business’s revenue for the quarter was up 13.0% on a year-over-year basis.
RBA has been the subject of several recent analyst reports. Zacks Investment Research upgraded Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday, September 28th. National Bank Financial decreased their target price on Ritchie Bros. Auctioneers from $39.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, November 12th. Barrington Research restated a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, November 20th. Finally, ValuEngine cut Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research note on Thursday, December 6th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Ritchie Bros. Auctioneers currently has a consensus rating of “Hold” and an average price target of $35.78.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Legal & General Group Plc lifted its stake in Ritchie Bros. Auctioneers by 4.0% in the third quarter. Legal & General Group Plc now owns 25,061 shares of the business services provider’s stock valued at $904,000 after buying an additional 953 shares during the last quarter. Diversified Trust Co lifted its stake in Ritchie Bros. Auctioneers by 5.3% in the third quarter. Diversified Trust Co now owns 20,105 shares of the business services provider’s stock valued at $726,000 after buying an additional 1,010 shares during the last quarter. Granite Investment Partners LLC lifted its stake in Ritchie Bros. Auctioneers by 10.4% in the third 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 last quarter. FDx Advisors Inc. lifted its stake in Ritchie Bros. Auctioneers by 11.4% in the third 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 last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Ritchie Bros. Auctioneers by 10.0% in the third quarter. Dimensional Fund Advisors LP now owns 31,951 shares of the business services provider’s stock valued at $1,154,000 after buying an additional 2,900 shares during the last quarter. Institutional investors own 91.08% of the company’s stock.
Shares of Ritchie Bros. Auctioneers stock traded down $0.08 on Friday, reaching $34.80. 637,227 shares of the company were exchanged, compared to its average volume of 716,188. Ritchie Bros. Auctioneers has a 1-year low of $29.94 and a 1-year high of $38.77. The company has a market cap of $3.77 billion, a PE ratio of 42.96, a P/E/G ratio of 1.93 and a beta of 0.74. The company has a debt-to-equity ratio of 0.90, a quick ratio of 1.12 and a current ratio of 1.28.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 19th. Shareholders of record on Wednesday, November 28th were paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend was Tuesday, November 27th. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 88.89%.
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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