Equities research analysts expect Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) to report sales of $167.46 million for the current quarter, Zacks reports. Seven analysts have made estimates for Ritchie Bros. Auctioneers’ earnings. The lowest sales estimate is $157.55 million and the highest is $175.00 million. Ritchie Bros. Auctioneers reported sales of $158.81 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 5.4%. The business is expected to issue its next earnings results on Monday, August 14th.

According to Zacks, analysts expect that Ritchie Bros. Auctioneers will report full-year sales of $167.46 million for the current year, with estimates ranging from $613.00 million to $653.69 million. For the next fiscal year, analysts forecast that the company will report sales of $738.07 million per share, with estimates ranging from $715.00 million to $759.40 million. Zacks’ sales averages are an average based on a survey of analysts that follow Ritchie Bros. Auctioneers.

Several research firms have recently commented on RBA. TD Securities restated a “sell” rating on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, April 11th. CIBC restated an “outperform” rating and set a $36.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Thursday, April 13th. Jefferies Group LLC restated a “hold” rating and set a $29.00 price target (down from $32.00) on shares of Ritchie Bros. Auctioneers in a research report on Friday, April 14th. 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. Finally, William Blair restated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research report on Monday, April 24th. Five investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $35.96.

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Hedge funds have recently made changes to their positions in the stock. Mackenzie Financial Corp boosted its stake in shares of Ritchie Bros. Auctioneers by 2,029.1% in the first quarter. Mackenzie Financial Corp now owns 480,485 shares of the business services provider’s stock valued at $15,808,000 after buying an additional 457,917 shares during the last quarter. Comerica Bank boosted its stake in shares of Ritchie Bros. Auctioneers by 10.9% in the fourth quarter. Comerica Bank now owns 6,693 shares of the business services provider’s stock valued at $220,000 after buying an additional 659 shares during the last quarter. RMB Capital Management LLC boosted its stake in shares of Ritchie Bros. Auctioneers by 52.1% in the fourth quarter. RMB Capital Management LLC now owns 319,194 shares of the business services provider’s stock valued at $10,853,000 after buying an additional 109,336 shares during the last quarter. CGOV Asset Management boosted its stake in shares of Ritchie Bros. Auctioneers by 150.2% in the first quarter. CGOV Asset Management now owns 6,956,054 shares of the business services provider’s stock valued at $304,466,000 after buying an additional 4,175,593 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Ritchie Bros. Auctioneers during the fourth quarter valued at about $53,619,000. Institutional investors and hedge funds own 95.12% of the company’s stock.

Shares of Ritchie Bros. Auctioneers (NYSE:RBA) traded down 0.62% during midday trading on Thursday, reaching $29.08. The company’s stock had a trading volume of 134,606 shares. The company has a market capitalization of $3.11 billion, a P/E ratio of 42.76 and a beta of 0.55. Ritchie Bros. Auctioneers has a one year low of $27.13 and a one year high of $39.96. The stock’s 50-day moving average is $30.60 and its 200-day moving average is $32.21.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 23rd were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.32%. The ex-dividend date was Friday, May 19th. Ritchie Bros. Auctioneers’s payout ratio is currently 100.00%.

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

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