Wall Street analysts expect Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) to announce $0.43 earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Ritchie Bros. Auctioneers’ earnings, with the highest EPS estimate coming in at $0.45 and the lowest estimate coming in at $0.41. Ritchie Bros. Auctioneers reported earnings per share of $0.42 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.4%. The company is expected to announce its next quarterly earnings report on Thursday, August 8th.

According to Zacks, analysts expect that Ritchie Bros. Auctioneers will report full-year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.25. For the next financial year, analysts forecast that the business will post earnings of $1.45 per share, with EPS estimates ranging from $1.35 to $1.59. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that follow Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $303.40 million for the quarter, compared to analysts’ expectations of $268.69 million. Ritchie Bros. Auctioneers had a return on equity of 14.47% and a net margin of 10.10%. The company’s revenue for the quarter was up 16.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.16 earnings per share.

Several research analysts recently issued reports on the stock. National Bank Financial cut shares of WestJet Airlines from a “reduce” rating to a “tender” rating and increased their price target for the stock from C$22.00 to C$31.00 in a report on Monday, May 13th. Royal Bank of Canada increased their price target on shares of NVIDIA to $200.00 and gave the stock an “outperform” rating in a report on Monday, May 13th. Raymond James cut shares of RioCan Real Estate Investment Trust to a “hold” rating in a report on Monday, July 15th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a report on Thursday, July 11th. Finally, ValuEngine cut shares of United Rentals from a “sell” rating to a “strong sell” rating in a report on Thursday. Three analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and a consensus price target of $36.28.

A number of institutional investors have recently modified their holdings of RBA. Norges Bank purchased a new position in Ritchie Bros. Auctioneers in the fourth quarter valued at about $45,133,000. Thrivent Financial for Lutherans purchased a new position in Ritchie Bros. Auctioneers in the fourth quarter valued at about $15,813,000. The Manufacturers Life Insurance Company increased its holdings in Ritchie Bros. Auctioneers by 85.3% in the first quarter. The Manufacturers Life Insurance Company now owns 564,033 shares of the business services provider’s stock valued at $19,177,000 after buying an additional 259,580 shares in the last quarter. Fiera Capital Corp increased its holdings in Ritchie Bros. Auctioneers by 11.8% in the first quarter. Fiera Capital Corp now owns 2,415,995 shares of the business services provider’s stock valued at $82,003,000 after buying an additional 255,705 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp purchased a new position in Ritchie Bros. Auctioneers in the first quarter valued at about $8,719,000. 90.13% of the stock is owned by institutional investors.

NYSE RBA traded down $0.02 during trading hours on Monday, hitting $36.18. 740,106 shares of the stock were exchanged, compared to its average volume of 359,422. The company has a market cap of $3.93 billion, a P/E ratio of 33.50, a price-to-earnings-growth ratio of 4.32 and a beta of 0.74. Ritchie Bros. Auctioneers has a 12-month low of $30.76 and a 12-month high of $38.77. The stock has a 50-day moving average of $34.47. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83.

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

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