Ritchie Bros Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Equities research analysts at Northcoast Research reduced their FY2017 earnings estimates for shares of Ritchie Bros Auctioneers in a research report issued on Monday. Northcoast Research analyst J. Healy now forecasts that the business services provider will earn $1.00 per share for the year, down from their prior forecast of $1.08.

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

RBA has been the topic of a number of other reports. Scotiabank dropped their price target on Ritchie Bros Auctioneers from $40.00 to $39.00 and set an “outperform” rating on the stock in a research report on Monday, May 8th. William Blair reiterated an “outperform” rating on shares of Ritchie Bros Auctioneers in a research report on Monday, April 24th. Royal Bank of Canada set a $41.00 price target on Ritchie Bros Auctioneers and gave the stock a “buy” rating in a research report on Saturday, April 22nd. TheStreet cut Ritchie Bros Auctioneers from a “b” rating to a “c+” rating in a research report on Monday, May 8th. Finally, CIBC restated an “outperform” rating and issued a $36.00 target price on shares of Ritchie Bros Auctioneers in a research report on Thursday, April 13th. Four analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $35.96.

Ritchie Bros Auctioneers (NYSE:RBA) opened at 31.59 on Thursday. Ritchie Bros Auctioneers has a 12-month low of $27.13 and a 12-month high of $39.96. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 46.46 and a beta of 0.62. The stock has a 50 day moving average price of $31.46 and a 200-day moving average price of $33.48.

Hedge funds have recently bought and sold shares of the stock. First Bank & Trust raised its position in shares of Ritchie Bros Auctioneers by 16.3% in the first quarter. First Bank & Trust now owns 5,191 shares of the business services provider’s stock worth $171,000 after buying an additional 727 shares during the last quarter. FNY Managed Accounts LLC purchased a new position in shares of Ritchie Bros Auctioneers during the first quarter worth about $176,000. Forward Management LLC raised its position in shares of Ritchie Bros Auctioneers by 3.5% in the first quarter. Forward Management LLC now owns 5,528 shares of the business services provider’s stock worth $182,000 after buying an additional 188 shares during the last quarter. Cantab Capital Partners LLP raised its position in shares of Ritchie Bros Auctioneers by 236.9% in the fourth quarter. Cantab Capital Partners LLP now owns 6,115 shares of the business services provider’s stock worth $208,000 after buying an additional 4,300 shares during the last quarter. Finally, World Asset Management Inc raised its position in shares of Ritchie Bros Auctioneers by 0.7% in the first quarter. World Asset Management Inc now owns 6,613 shares of the business services provider’s stock worth $218,000 after buying an additional 43 shares during the last quarter. Hedge funds and other institutional investors own 89.55% of the company’s stock.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 13th. Investors of record on Tuesday, May 23rd will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Friday, May 19th. Ritchie Bros Auctioneers’s dividend payout ratio is currently 66.67%.

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.

12 Month Chart for NYSE:RBA

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