Somewhat Positive Media Coverage Somewhat Unlikely to Affect Ritchie Bros. Auctioneers (RBA) Stock Price
News stories about Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) have trended somewhat positive on Saturday, according to Accern Sentiment. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Ritchie Bros. Auctioneers earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 49.0474469890963 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Ritchie Bros. Auctioneers Incor (NYSE:RBA) Experiences Heavy Trading Volume (famososartistas.com)
- Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Trading Down 5.9% After Analyst Downgrade (fishinghd.com)
- Investors Alert on Ritchie Bros. Auctioneers Incorporated (RBA) (vothemes.com)
- Q3 2018 Earnings Estimate for Ritchie Bros. Auctioneers Incorporated Issued By KeyCorp (RBA) (americanbankingnews.com)
- 3 Key Takeaways From Ritchie Bros. Auctioneers’ Strong Second Quarter (fool.com)
A number of equities research analysts recently issued reports on RBA shares. Jefferies Group LLC reissued a “hold” rating and issued a $29.00 price objective (down previously from $32.00) on shares of Ritchie Bros. Auctioneers in a report on Friday, April 14th. Royal Bank Of Canada set a $41.00 price objective on shares of Ritchie Bros. Auctioneers and gave the company a “buy” rating in a report on Saturday, April 22nd. William Blair reissued an “outperform” rating on shares of Ritchie Bros. Auctioneers in a report on Monday, April 24th. Scotiabank dropped their price objective on shares of Ritchie Bros. Auctioneers from $40.00 to $39.00 and set an “outperform” rating for the company in a report on Monday, May 8th. Finally, TD Securities reissued a “sell” rating on shares of Ritchie Bros. Auctioneers in a report on Tuesday, May 9th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $33.46.
Shares of Ritchie Bros. Auctioneers (RBA) traded down 0.33% on Friday, reaching $27.10. 629,327 shares of the company’s stock traded hands. The stock’s 50-day moving average price is $28.18 and its 200-day moving average price is $30.79. Ritchie Bros. Auctioneers has a 52 week low of $26.68 and a 52 week high of $39.96. The stock has a market capitalization of $2.90 billion, a price-to-earnings ratio of 58.66 and a beta of 0.55.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.33 EPS for the quarter, beating 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 company had revenue of $166.20 million during the quarter, compared to the consensus estimate of $161.85 million. During the same quarter in the prior year, the company posted $0.37 EPS. The company’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts predict that Ritchie Bros. Auctioneers will post $1.05 EPS for the current year.
The business 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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.51%. The ex-dividend date is Wednesday, August 23rd. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 144.68%.
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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.
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