Jefferies Group Weighs in on Ritchie Bros. Auctioneers Inc’s Q1 2018 Earnings (RBA)
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Jefferies Group issued their Q1 2018 earnings per share estimates for Ritchie Bros. Auctioneers in a report issued on Wednesday. Jefferies Group analyst S. Volkmann forecasts that the company will post earnings of $0.13 per share for the quarter. Jefferies Group also issued estimates for Ritchie Bros. Auctioneers’ Q2 2018 earnings at $0.47 EPS, Q3 2018 earnings at $0.18 EPS, Q4 2018 earnings at $0.44 EPS, FY2018 earnings at $1.22 EPS and FY2019 earnings at $1.47 EPS.
Separately, National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and increased their target price for the company from C$28.00 to C$39.00 in a research note on Monday, November 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and an average price target of C$38.33.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a $0.213 dividend. The ex-dividend date of this dividend is Thursday, February 15th. This represents a $0.85 dividend on an annualized basis and a dividend yield of 2.04%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 88.31%.
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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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