Ritchie Bros. Auctioneers Incorporated (RBA) Set to Announce Earnings on Thursday
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) is scheduled to release its earnings data after the market closes on Thursday, November 9th. Analysts expect Ritchie Bros. Auctioneers to post earnings of $0.15 per share for the quarter.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.01. Ritchie Bros. Auctioneers had a return on equity of 14.72% and a net margin of 8.96%. The company had revenue of $166.20 million for the quarter, compared to the consensus estimate of $161.85 million. During the same period last year, the business posted $0.37 EPS. The company’s revenue was up 4.7% on a year-over-year basis. On average, analysts expect Ritchie Bros. Auctioneers to post $0.91 EPS for the current fiscal year and $1.11 EPS for the next fiscal year.
In other news, CFO Sharon Ruth Driscoll purchased 1,000 shares of the firm’s stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of $28.59 per share, with a total value of $28,590.00. Following the purchase, the chief financial officer now owns 1,000 shares in the company, valued at approximately $28,590. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.39% of the company’s stock.
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Several analysts recently commented on the company. Scotiabank lowered their target price on Ritchie Bros. Auctioneers from $39.00 to $32.00 and set an “outperform” rating on the stock in a research report on Monday, July 10th. BidaskClub cut Ritchie Bros. Auctioneers from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 5th. Raymond James Financial, Inc. lowered their target price on Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 10th. Zacks Investment Research cut Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research report on Wednesday, October 11th. Finally, TD Securities lowered their target price on Ritchie Bros. Auctioneers from $25.00 to $23.00 and set a “reduce” rating on the stock in a research report on Tuesday, October 10th. Four analysts have rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $30.67.
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.
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