Ritchie Bros. Auctioneers Plans Quarterly Dividend of $0.13 (RBA)
Ritchie Bros. Auctioneers (NYSE:RBA) announced a quarterly dividend on Monday, January 20th, Analyst Ratings Network reports. Shareholders of record on Friday, February 14th will be paid a dividend of 0.13 per share on Friday, March 7th. This represents a $0.52 annualized dividend and a dividend yield of 2.21%.
A number of analysts have recently weighed in on RBA shares. Analysts at Cantor Fitzgerald downgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research note to investors on Wednesday, January 15th. On a related note, analysts at Credit Suisse downgraded shares of Ritchie Bros. Auctioneers from a “neutral” rating to an “underperform” rating in a research note to investors on Thursday, November 7th. They now have a $17.00 price target on the stock, down previously from $18.00. Finally, analysts at BMO Capital Markets upgraded shares of Ritchie Bros. Auctioneers from a “market perform” rating to an “outperform” rating in a research note to investors on Thursday, October 24th. They now have a $22.50 price target on the stock, up previously from $18.00. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $20.28.
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) opened at 23.50 on Monday. Ritchie Bros. Auctioneers has a 1-year low of $18.08 and a 1-year high of $23.78. The stock has a 50-day moving average of $22.29 and a 200-day moving average of $20.18. The company has a market cap of $2.511 billion and a price-to-earnings ratio of 30.82.
Ritchie Bros. Auctioneers (NYSE:RBA) last released its earnings data on Tuesday, November 5th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.04. The company had revenue of $105.80 million for the quarter, compared to the consensus estimate of $93.40 million. During the same quarter last year, the company posted $0.11 earnings per share. Ritchie Bros. Auctioneers’s revenue was up 14.6% compared to the same quarter last year. On average, analysts predict that Ritchie Bros. Auctioneers will post $0.82 earnings per share for the current fiscal year.
Ritchie Bros. Auctioneers Incorporated and its subsidiaries sells industrial equipment and other assets for the construction, transportation, material handling, mining, forestry, petroleum, marine, real estate, and agricultural industries at its unreserved auctions worldwide.
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