Ritchie Bros. Auctioneers (RBA) Given Media Impact Rating of 0.06
News headlines about Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) have trended somewhat positive recently, according to Accern Sentiment. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ritchie Bros. Auctioneers earned a daily sentiment score of 0.06 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 47.0054804411195 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern’s scoring:
- Insider Buying: Ritchie Bros. Auctioneers Incorporated (RBA) CFO Acquires 1,000 Shares of Stock (americanbankingnews.com)
- Research Analysts Set Expectations for Ritchie Bros. Auctioneers Incorporated’s FY2017 Earnings (RBA) (expressnewsline.com)
- FY2017 Earnings Forecast for Ritchie Bros. Auctioneers Incorporated Issued By KeyCorp (RBA) (wisdomsave.com)
- Equities Analysts Offer Predictions for Ritchie Bros. Auctioneers Inc’s FY2017 Earnings (RBA) (techkenyot.com)
- Ritchie Bros. Auctioneers Inc (RBA) Declares $0.17 Quarterly Dividend (iphonefresh.com)
Shares of Ritchie Bros. Auctioneers (RBA) opened at 28.58 on Tuesday. Ritchie Bros. Auctioneers has a 12-month low of $26.68 and a 12-month high of $39.96. The firm has a market cap of $3.06 billion, a P/E ratio of 61.86 and a beta of 0.55. The company has a 50-day moving average of $28.06 and a 200 day moving average of $30.51.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.01. Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The business had revenue of $166.20 million during the quarter, compared to analysts’ expectations of $161.85 million. During the same period in the previous year, the company earned $0.37 earnings per share. Ritchie Bros. Auctioneers’s revenue for the quarter was up 4.7% on a year-over-year basis. Equities research analysts anticipate that Ritchie Bros. Auctioneers will post $0.82 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, August 25th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.38%. The ex-dividend date of this dividend is Wednesday, August 23rd. Ritchie Bros. Auctioneers’s payout ratio is 144.68%.
Several research firms recently issued reports on RBA. National Bank Financial reiterated a “sector perform under weight” rating on shares of Ritchie Bros. Auctioneers in a report on Thursday, June 29th. Jefferies Group LLC reiterated a “hold” rating and issued a $29.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Friday, May 5th. Zacks Investment Research cut Ritchie Bros. Auctioneers from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. CIBC cut Ritchie Bros. Auctioneers from a “sector outperform” rating to a “sector perform” rating and set a $28.00 price objective on the stock. in a report on Monday, July 10th. Finally, TD Securities reiterated a “sell” rating on shares of Ritchie Bros. Auctioneers in a report on Tuesday, May 9th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and a consensus target price of $33.36.
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In related news, CFO Sharon Ruth Driscoll bought 1,000 shares of the business’s stock in a transaction that occurred on Friday, August 25th. The stock was purchased at an average cost of $28.59 per share, for a total transaction of $28,590.00. Following the purchase, the chief financial officer now directly owns 1,000 shares in the company, valued at $28,590. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.39% of the stock is currently owned by insiders.
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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