$0.21 Earnings Per Share Expected for Ritchie Bros. Auctioneers Inc (RBA) This Quarter

Wall Street brokerages forecast that Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) will post earnings of $0.21 per share for the current fiscal quarter, Zacks Investment Research reports. Six analysts have provided estimates for Ritchie Bros. Auctioneers’ earnings, with estimates ranging from $0.15 to $0.25. Ritchie Bros. Auctioneers posted earnings per share of $0.30 in the same quarter last year, which would suggest a negative year over year growth rate of 30%. The firm is scheduled to issue its next earnings results on Tuesday, February 20th.

According to Zacks, analysts expect that Ritchie Bros. Auctioneers will report full-year earnings of $0.87 per share for the current fiscal year, with EPS estimates ranging from $0.80 to $0.90. For the next year, analysts anticipate that the business will post earnings of $1.00 per share, with EPS estimates ranging from $0.98 to $1.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that that provide coverage for Ritchie Bros. Auctioneers.

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

Several brokerages have commented on RBA. Bank of America raised their price objective on Ritchie Bros. Auctioneers from $21.50 to $30.00 and gave the company an “underperform” rating in a report on Thursday, February 1st. OTR Global raised Ritchie Bros. Auctioneers from a “reduce” rating to a “neutral” rating in a report on Thursday, February 1st. Jefferies Group reissued a “hold” rating and issued a $30.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Thursday, January 18th. Scotiabank raised their price objective on Ritchie Bros. Auctioneers from $29.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Finally, TD Securities raised their price objective on Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the company a “reduce” rating in a report on Wednesday, January 10th. Four research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $31.39.

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

Several large investors have recently modified their holdings of RBA. Northern Trust Corp boosted its stake in shares of Ritchie Bros. Auctioneers by 38.6% in the second quarter. Northern Trust Corp now owns 226,779 shares of the business services provider’s stock worth $6,517,000 after acquiring an additional 63,209 shares during the last quarter. Vanguard Group Inc. lifted its position in Ritchie Bros. Auctioneers by 24.1% during the second quarter. Vanguard Group Inc. now owns 2,146,933 shares of the business services provider’s stock worth $61,703,000 after buying an additional 417,392 shares in the last quarter. FMR LLC lifted its position in Ritchie Bros. Auctioneers by 280.3% during the second quarter. FMR LLC now owns 341,000 shares of the business services provider’s stock worth $9,798,000 after buying an additional 251,323 shares in the last quarter. Advisor Group Inc. lifted its position in Ritchie Bros. Auctioneers by 13.2% during the second 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 in the last quarter. Finally, Parametric Portfolio Associates LLC lifted its position in Ritchie Bros. Auctioneers by 7.6% during the second quarter. Parametric Portfolio Associates LLC now owns 57,105 shares of the business services provider’s stock worth $1,641,000 after buying an additional 4,039 shares in the last quarter. 97.56% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Ritchie Bros. Auctioneers (RBA) traded up $0.20 on Monday, reaching $30.92. The company’s stock had a trading volume of 681,719 shares, compared to its average volume of 559,124. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.11 and a current ratio of 1.20. Ritchie Bros. Auctioneers has a one year low of $24.08 and a one year high of $35.21. The firm has a market capitalization of $3,340.00, a price-to-earnings ratio of 50.69, a P/E/G ratio of 3.23 and a beta of 0.66.

The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Thursday, February 15th. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 111.48%.

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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.

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

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