Ritchie Bros. Auctioneers Inc (RBA) to Issue Quarterly Dividend of $0.21

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) declared a quarterly dividend on Friday, January 26th, Zacks reports. Shareholders of record on Friday, February 16th will be given a dividend of 0.213 per share on Friday, March 9th. This represents a $0.85 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Thursday, February 15th.

Shares of Ritchie Bros. Auctioneers (RBA) opened at C$38.66 on Friday. The firm has a market capitalization of $4,140.00, a PE ratio of 50.21 and a beta of 0.27. Ritchie Bros. Auctioneers has a twelve month low of C$30.63 and a twelve month high of C$46.32.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last released its quarterly earnings results on Thursday, November 9th. The company reported C$0.11 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.18 by C($0.07). The firm had revenue of C$176.92 million for the quarter, compared to the consensus estimate of C$176.03 million. Ritchie Bros. Auctioneers had a return on equity of 5.77% and a net margin of 7.32%.

Several research firms have recently weighed in on RBA. Scotiabank restated an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th. National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and boosted their price target for the stock from C$28.00 to C$39.00 in a report on Monday, November 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of C$38.33.

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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.

Dividend History for Ritchie Bros. Auctioneers (TSE:RBA)

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