Ritchie Bros. Auctioneers Inc Forecasted to Post Q3 2017 Earnings of $0.22 Per Share (RBA)
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Barrington Research issued their Q3 2017 EPS estimates for shares of Ritchie Bros. Auctioneers in a report released on Tuesday. Barrington Research analyst G. Prestopino forecasts that the company will post earnings per share of $0.22 for the quarter. Barrington Research has a “Market Perform” rating on the stock. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q4 2017 earnings at $0.33 EPS, FY2017 earnings at $1.12 EPS, Q1 2018 earnings at $0.28 EPS, Q2 2018 earnings at $0.55 EPS, Q3 2018 earnings at $0.29 EPS, Q4 2018 earnings at $0.41 EPS and FY2018 earnings at $1.54 EPS.
Other analysts have also issued reports about the company. Raymond James Financial, Inc. reduced their target price on Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a report on Tuesday, July 11th. Scotiabank reduced their price objective on Ritchie Bros. Auctioneers to C$41.00 and set an “outperform” rating on the stock in a research note on Monday, July 10th. Royal Bank Of Canada reduced their price objective on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research note on Monday, May 15th. Northcoast Research reaffirmed a “neutral” rating on shares of Ritchie Bros. Auctioneers in a research note on Friday, May 5th. Finally, TD Securities reduced their price objective on Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating on the stock in a research note on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have given a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of C$39.50.
Ritchie Bros. Auctioneers (TSE RBA) opened at 36.33 on Thursday. Ritchie Bros. Auctioneers has a one year low of $34.03 and a one year high of $52.88. The company has a market capitalization of $3.89 billion and a PE ratio of 78.64. The firm’s 50 day moving average price is $35.79 and its 200-day moving average price is $40.62.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be given a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.68 annualized dividend and a yield of 1.87%.
Ritchie Bros. Auctioneers Company Profile
Ritchie Bros. Auctioneers Incorporated, together with its subsidiaries, sells industrial equipment and other assets for the construction, agriculture, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces.
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