FY2017 Earnings Estimate for Ritchie Bros. Auctioneers Incorporated (RBA) Issued By Barrington Research
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) – Barrington Research decreased their FY2017 EPS estimates for shares of Ritchie Bros. Auctioneers in a research note issued to investors on Tuesday. Barrington Research analyst G. Prestopino now forecasts that the business services provider will earn $0.83 per share for the year, down from their previous estimate of $0.98. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q4 2017 earnings at $0.19 EPS, Q1 2018 earnings at $0.16 EPS, Q2 2018 earnings at $0.40 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.27 EPS and FY2018 earnings at $0.98 EPS.
RBA has been the topic of several other reports. Scotiabank set a $34.00 price target on Ritchie Bros. Auctioneers and gave the company an “outperform” rating in a research report on Friday, October 20th. Royal Bank Of Canada set a $40.00 price target on Ritchie Bros. Auctioneers and gave the company a “buy” rating in a research report on Wednesday, August 9th. TD Securities dropped their price target on Ritchie Bros. Auctioneers from $25.00 to $23.00 and set a “reduce” rating on the stock in a research report on Tuesday, October 10th. Raymond James Financial, Inc. dropped their price target on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating on the stock in a research report on Monday. Finally, BidaskClub lowered Ritchie Bros. Auctioneers from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Four research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and an average target price of $29.20.
Ritchie Bros. Auctioneers (RBA) traded up $0.11 during midday trading on Friday, hitting $25.29. The company had a trading volume of 970,680 shares, compared to its average volume of 657,458. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. Ritchie Bros. Auctioneers has a one year low of $24.08 and a one year high of $39.96. The company has a market capitalization of $2,700.00, a price-to-earnings ratio of 29.81, a PEG ratio of 3.08 and a beta of 0.66.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a net margin of 11.43% and a return on equity of 13.04%. The business had revenue of $141.05 million for the quarter, compared to analysts’ expectations of $139.96 million. During the same period last year, the firm posted $0.20 earnings per share. Ritchie Bros. Auctioneers’s quarterly revenue was up 9.4% on a year-over-year basis.
Large investors have recently made changes to their positions in the company. Zions Bancorporation bought a new position in shares of Ritchie Bros. Auctioneers during the third quarter valued at $127,000. Lloyds Banking Group plc increased its position in Ritchie Bros. Auctioneers by 59.1% during the second quarter. Lloyds Banking Group plc now owns 4,456 shares of the business services provider’s stock valued at $128,000 after acquiring an additional 1,656 shares during the last quarter. First Bank & Trust increased its position in Ritchie Bros. Auctioneers by 3.8% during the second quarter. First Bank & Trust now owns 5,387 shares of the business services provider’s stock valued at $155,000 after acquiring an additional 196 shares during the last quarter. Forward Management LLC increased its position in Ritchie Bros. Auctioneers by 11.0% during the second quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock valued at $176,000 after acquiring an additional 609 shares during the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in Ritchie Bros. Auctioneers during the third quarter valued at $218,000. 96.01% of the stock is currently owned by hedge funds and other institutional investors.
In other Ritchie Bros. Auctioneers news, CFO Sharon Ruth Driscoll purchased 1,000 shares of the stock in a transaction dated Friday, August 25th. The shares were purchased at an average cost of $28.59 per share, with a total value of $28,590.00. Following the completion of the acquisition, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $28,590. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Tuesday, November 28th. Ritchie Bros. Auctioneers’s payout ratio is currently 111.48%.
Ritchie Bros. Auctioneers Company Profile
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.
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