Ritchie Bros. Auctioneers Declares Quarterly Dividend of C$0.13 (RBA)
Ritchie Bros. Auctioneers (TSE:RBA) announced a Quarterly dividend on Wednesday, May 21st, StockRatingsNetwork reports. Shareholders of record on Friday, June 13th will be paid a dividend of 0.13 per share on Friday, June 13th. This represents a dividend yield of 2.04%. The ex-dividend date is Wednesday, May 21st.
On a related note, analysts at RBC Capital cut their price target on shares of Ritchie Bros. Auctioneers from C$25.00 to C$24.00 in a research note on Tuesday, March 4th. They now have a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of C$21.38.
Ritchie Bros. Auctioneers (TSE:RBA) opened at 24.14 on Wednesday. Ritchie Bros. Auctioneers has a one year low of $18.76 and a one year high of $28.37. The stock has a 50-day moving average of $26.17 and a 200-day moving average of $24.64. The company has a market cap of $2.587 billion and a price-to-earnings ratio of 26.29.
Ritchie Bros. Auctioneers (TSE:RBA) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.14 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.14. Analysts expect that Ritchie Bros. Auctioneers will post $0.90 EPS 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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