Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) – Analysts at Barrington Research issued their Q3 2017 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a report issued on Tuesday. Barrington Research analyst G. Prestopino anticipates that the business services provider will earn $0.17 per share for the quarter. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q4 2017 earnings at $0.26 EPS, FY2017 earnings at $0.88 EPS, Q1 2018 earnings at $0.22 EPS, Q2 2018 earnings at $0.43 EPS, Q3 2018 earnings at $0.23 EPS, Q4 2018 earnings at $0.32 EPS and FY2018 earnings at $1.21 EPS.

Several other equities analysts have also weighed in on the stock. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Scotiabank raised their target price on shares of Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. National Bank Financial decreased their target price on shares of Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating for the company in a report on Wednesday, August 9th. TD Securities decreased their target price on shares of Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a “reduce” rating for the company in a report on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $40.00 price target on shares of Ritchie Bros. Auctioneers and gave the stock a “buy” rating in a research report on Wednesday, August 9th. Three analysts have rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $33.42.

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Shares of Ritchie Bros. Auctioneers (RBA) opened at 28.75 on Thursday. Ritchie Bros. Auctioneers has a one year low of $26.68 and a one year high of $39.96. The stock has a market cap of $3.08 billion, a P/E ratio of 62.23 and a beta of 0.55. The stock has a 50 day moving average of $28.13 and a 200 day moving average of $30.69.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The business had revenue of $166.20 million for the quarter, compared to the consensus estimate of $161.85 million. Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 earnings per share.

Several institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new position in shares of Ritchie Bros. Auctioneers during the second quarter valued at about $175,728,000. Champlain Investment Partners LLC raised its position in shares of Ritchie Bros. Auctioneers by 87.9% in the first quarter. Champlain Investment Partners LLC now owns 2,868,155 shares of the business services provider’s stock valued at $94,362,000 after buying an additional 1,341,355 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Ritchie Bros. Auctioneers by 57.1% in the first quarter. Massachusetts Financial Services Co. MA now owns 3,498,984 shares of the business services provider’s stock valued at $115,116,000 after buying an additional 1,271,836 shares in the last quarter. KAMES CAPITAL plc acquired a new position in shares of Ritchie Bros. Auctioneers during the first quarter valued at about $25,500,000. Finally, Ameriprise Financial Inc. raised its position in shares of Ritchie Bros. Auctioneers by 148.2% in the second quarter. Ameriprise Financial Inc. now owns 1,256,159 shares of the business services provider’s stock valued at $35,631,000 after buying an additional 750,038 shares in the last quarter. Institutional investors and hedge funds own 94.17% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.17 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.68 annualized dividend and a dividend yield of 2.37%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 144.68%.

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.

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

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