Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Analysts at National Bank Financial increased their FY2018 earnings per share estimates for Ritchie Bros. Auctioneers in a report issued on Tuesday. National Bank Financial analyst M. Sytchev now forecasts that the business services provider will post earnings of $1.02 per share for the year, up from their previous estimate of $1.01. National Bank Financial has a “Outperform” rating and a $35.00 price target on the stock. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ FY2019 earnings at $1.35 EPS.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, November 9th. The business services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). The business had revenue of $141.05 million for the quarter, compared to analyst estimates of $139.96 million. Ritchie Bros. Auctioneers had a return on equity of 5.77% and a net margin of 7.32%. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.20 earnings per share.

Several other research firms also recently commented on RBA. Scotiabank increased their target price on shares of Ritchie Bros. Auctioneers from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday. TD Securities increased their target price on shares of Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the stock a “reduce” rating in a research report on Wednesday. Jefferies Group reissued a “hold” rating and set a $26.00 target price (down from $29.00) on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, October 10th. Raymond James Financial lowered their target price on shares of Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 10th. Finally, Zacks Investment Research downgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Four investment analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $30.30.

Ritchie Bros. Auctioneers (NYSE:RBA) traded up $0.40 during trading on Friday, reaching $31.84. 500,600 shares of the company’s stock traded hands, compared to its average volume of 594,250. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.20 and a quick ratio of 1.11. The firm has a market capitalization of $3,370.00, a P/E ratio of 52.20, a price-to-earnings-growth ratio of 3.40 and a beta of 0.63. Ritchie Bros. Auctioneers has a 52-week low of $24.08 and a 52-week high of $35.21.

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.14%. The ex-dividend date of this dividend was Tuesday, November 28th. Ritchie Bros. Auctioneers’s payout ratio is presently 111.48%.

In related news, insider Karl William Werner sold 5,400 shares of the stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $28.68, for a total value of $154,872.00. Following the completion of the sale, the insider now owns 5,400 shares in the company, valued at $154,872. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.39% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in RBA. Zions Bancorporation bought a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at about $127,000. ETRADE Capital Management LLC bought a new stake in shares of Ritchie Bros. Auctioneers in the third quarter valued at about $218,000. Stephens Inc. AR lifted its stake in shares of Ritchie Bros. Auctioneers by 8.4% in the second quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock valued at $238,000 after buying an additional 642 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Ritchie Bros. Auctioneers by 10.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,492 shares of the business services provider’s stock valued at $244,000 after buying an additional 836 shares during the period. Finally, Advisor Group Inc. lifted its stake in shares of Ritchie Bros. Auctioneers by 13.2% in the second quarter. Advisor Group Inc. now owns 9,780 shares of the business services provider’s stock valued at $278,000 after buying an additional 1,140 shares during the period. Institutional investors and hedge funds own 96.61% of the company’s stock.

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About Ritchie Bros. Auctioneers

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.

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

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