Equities analysts expect Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) to announce earnings of $0.16 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Ritchie Bros. Auctioneers’ earnings. The highest EPS estimate is $0.21 and the lowest is $0.12. Ritchie Bros. Auctioneers reported earnings of $0.09 per share in the same quarter last year, which suggests a positive year over year growth rate of 77.8%. The company is expected to issue its next earnings report on Thursday, November 8th.

On average, analysts expect that Ritchie Bros. Auctioneers will report full year earnings of $1.10 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.15. For the next fiscal year, analysts anticipate that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.25 to $1.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side research firms that cover Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Thursday, August 9th. The business services provider reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.06. Ritchie Bros. Auctioneers had a return on equity of 13.42% and a net margin of 12.36%. The firm had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $225.52 million. During the same quarter last year, the firm posted $0.33 earnings per share. The company’s revenue for the quarter was up 24.4% compared to the same quarter last year.

RBA has been the subject of a number of research reports. National Bank Financial raised their price objective on Ritchie Bros. Auctioneers from $35.00 to $39.00 and gave the company a “sector perform” rating in a research note on Monday, August 13th. ValuEngine raised Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating in a research note on Thursday, June 21st. Zacks Investment Research cut Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research note on Friday, August 31st. Howard Weil cut Ritchie Bros. Auctioneers from an “outperform” rating to a “sector perform” rating in a research note on Wednesday, June 27th. Finally, Scotiabank cut Ritchie Bros. Auctioneers from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 28th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and two have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $36.33.

In other news, SVP Kieran Colquhoun Holm sold 13,240 shares of the firm’s stock in a transaction that occurred on Wednesday, August 22nd. The stock was sold at an average price of $38.24, for a total value of $506,297.60. Following the transaction, the senior vice president now owns 11,278 shares in the company, valued at $431,270.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.30% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Northern Trust Corp lifted its holdings in shares of Ritchie Bros. Auctioneers by 2.0% in the second quarter. Northern Trust Corp now owns 258,137 shares of the business services provider’s stock valued at $8,807,000 after purchasing an additional 5,081 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Ritchie Bros. Auctioneers by 23.0% in the second quarter. Bank of New York Mellon Corp now owns 37,848 shares of the business services provider’s stock valued at $1,291,000 after purchasing an additional 7,072 shares in the last quarter. Advisors Asset Management Inc. lifted its holdings in shares of Ritchie Bros. Auctioneers by 112.1% in the second quarter. Advisors Asset Management Inc. now owns 28,466 shares of the business services provider’s stock valued at $971,000 after purchasing an additional 15,042 shares in the last quarter. PEAK6 Investments L.P. bought a new position in shares of Ritchie Bros. Auctioneers in the second quarter valued at approximately $1,024,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Ritchie Bros. Auctioneers by 197.6% in the second quarter. Tower Research Capital LLC TRC now owns 8,036 shares of the business services provider’s stock valued at $275,000 after purchasing an additional 5,336 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.

Shares of Ritchie Bros. Auctioneers stock opened at $36.08 on Monday. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 0.94. Ritchie Bros. Auctioneers has a 52 week low of $24.08 and a 52 week high of $38.77. The company has a market capitalization of $3.95 billion, a price-to-earnings ratio of 44.54, a PEG ratio of 2.56 and a beta of 0.71.

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 19th. Stockholders of record on Wednesday, August 29th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Tuesday, August 28th. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 88.89%.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

Featured Story: Index Funds

Get a free copy of the Zacks research report on Ritchie Bros. Auctioneers (RBA)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.