Ritchie Bros. Auctioneers Inc to Post FY2019 Earnings of $1.17 Per Share, Northcoast Research Forecasts (RBA)

Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Analysts at Northcoast Research issued their FY2019 earnings estimates for shares of Ritchie Bros. Auctioneers in a research note issued to investors on Wednesday. Northcoast Research analyst J. Healy forecasts that the business services provider will earn $1.17 per share for the year.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.05). The company had revenue of $141.05 million for the quarter, compared to analyst estimates of $139.96 million. Ritchie Bros. Auctioneers had a net margin of 11.43% and a return on equity of 13.04%. The firm’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.20 earnings per share.

Other equities analysts have also issued reports about the stock. Robert W. Baird reaffirmed a “buy” rating and issued a $33.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, September 12th. Jefferies Group restated a “hold” rating and set a $26.00 price objective (down from $29.00) on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, October 10th. Oppenheimer reiterated a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, November 13th. Raymond James Financial cut their target price on shares of Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating for the company in a research note on Monday, November 13th. Finally, National Bank Financial raised shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and increased their price target for the company from $28.00 to $30.50 in a report on Monday, November 20th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the company’s stock. Ritchie Bros. Auctioneers has an average rating of “Hold” and an average target price of $29.45.

Ritchie Bros. Auctioneers (NYSE RBA) traded up $0.23 during mid-day trading on Thursday, reaching $31.35. 622,494 shares of the company traded hands, compared to its average volume of 612,800. The company has a market cap of $3,370.00, a PE ratio of 51.39, a PEG ratio of 3.28 and a beta of 0.63. Ritchie Bros. Auctioneers has a 1 year low of $24.08 and a 1 year high of $35.21. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11.

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.17%. The ex-dividend date was Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 111.48%.

In related news, insider Karl William Werner sold 5,400 shares of the company’s stock in a transaction that occurred on Friday, December 8th. The shares were sold at an average price of $28.68, for a total transaction of $154,872.00. Following the sale, the insider now owns 5,400 shares of the company’s stock, valued at approximately $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.39% of the company’s stock.

A number of institutional investors have recently bought and sold shares of RBA. Zions Bancorporation bought a new stake in Ritchie Bros. Auctioneers during the 3rd quarter worth approximately $127,000. ETRADE Capital Management LLC bought a new position in shares of Ritchie Bros. Auctioneers in the 3rd quarter worth $218,000. Stephens Inc. AR increased its holdings in shares of Ritchie Bros. Auctioneers by 8.4% in the 2nd quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock worth $238,000 after buying an additional 642 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Ritchie Bros. Auctioneers by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,492 shares of the business services provider’s stock worth $244,000 after buying an additional 836 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in shares of Ritchie Bros. Auctioneers by 13.2% in the 2nd quarter. Advisor Group Inc. now owns 9,780 shares of the business services provider’s stock worth $278,000 after buying an additional 1,140 shares during the last quarter. 96.61% of the stock is currently owned by institutional investors and hedge funds.

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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.

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

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