Brokerages expect Ritchie Bros. Auctioneers Incorporated (NYSE: RBA) (TSE: RBA) reports earnings per share of $ 0.35 for the current fiscal quarter, according to Zacks. Three analysts provided earnings estimates for Ritchie Bros. Auctioneers, with the highest EPS estimate being $ 0.39 and the lowest estimate being $ 0.29. Ritchie Bros. Auctioneers posted earnings of $ 0.44 per share in the same quarter of last year, indicating a negative growth rate of 20.5% year-over-year. The company is expected to release its next quarterly results on Thursday, November 4.
On average, analysts expect Ritchie Bros. Auctioneers reports annual earnings of $ 1.72 per share for the current year, with EPS estimates ranging from $ 1.68 to $ 1.75. For next year, analysts expect the company to post earnings of $ 2.02 per share, with EPS estimates ranging from $ 1.85 to $ 2.16. Zacks’ earnings per share calculations are an average based on a survey of analysts who follow Ritchie Bros. Auctioneers.
Ritchie Bros. Auctioneers (NYSE: RBA) (TSE: RBA) last released its results on Wednesday, August 4. The business services provider reported earnings per share (EPS) of $ 0.55 for the quarter, missing Zacks’ consensus estimate of $ 0.61 ($ 0.06). Ritchie Bros. Auctioneers recorded a return on equity of 18.95% and a net margin of 12.70%. The company posted revenue of $ 396.36 million for the quarter, compared to $ 418.80 million expected by analysts.
RBA has been the subject of several analyst reports. National Bank Financial lowered its price target for Ritchie Bros. Auctioneers from $ 66.00 to $ 62.00 and established an “industry performance” rating for the company in a report released on Monday, August 9. National Bankshares has reduced its price target on Ritchie Bros. Auctioneers from $ 66.00 to $ 62.00 and established a “sector performance” rating for the company in a report released on Monday, August 9. TD Securities has reduced its price target for Ritchie Bros. Auctioneers from $ 67.00 to $ 64.00 and established a “conservation” rating for the company in a report released on Monday August 16. Raymond James reduced his price target on Ritchie Bros. Auctioneers from $ 65.00 to $ 63.00 and established a “market performance” rating for the company in a report released on Friday August 6. Finally, Zacks Investment Research cut Ritchie Bros. Auctioneers range from a “hold” rating to a “strong sell” rating in a report released Wednesday, July 14. Two analysts rated the stock with a sell rating and six gave the company’s stock a conservation rating. According to data from MarketBeat, Ritchie Bros. Auctioneers has an average rating of “Hold” and an average target price of $ 64.33.
NYSE: RBA shares traded down $ 1.37 in Friday’s session, reaching $ 61.57. 1,025,286 shares were traded, for an average volume of 593,789. The company has a market capitalization of $ 6.80 billion, a price / earnings ratio of 37.32, a price / earnings-growth ratio of 5. 41 and a beta of 1.18. Ritchie Bros. Auctioneers have a 12 month low of $ 50.61 and a 12 month high of $ 78.64. The company’s 50-day mobile average price is $ 61.18, and its 200-day mobile average price is $ 60.45. The company has a leverage ratio of 0.59, a quick ratio of 1.04, and a current ratio of 1.16.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 15. Shareholders of record on Wednesday August 25 received a dividend of $ 0.25 per share. This is a boost from Ritchie Bros.’s previous quarterly dividend of $ 0.22. Auctioneers. This represents an annualized dividend of $ 1.00 and a dividend yield of 1.62%. The ex-dividend date of this dividend was Tuesday, August 24. The dividend payout ratio of Ritchie Bros. Auctioneers is 59.52%.
In related news, insider James J. Jeter sold 7,250 shares of the company in a trade that took place on Monday August 16. The stock was sold for an average price of $ 62.90, for a total trade of $ 456,025.00. The transaction was disclosed in a document filed with the SEC, accessible through this link. Additionally, Marketing Director Matthew Ackley sold 2,000 shares of the company in a trade that took place on Wednesday, August 11. The shares were sold at an average price of $ 60.25, for a total value of $ 120,500.00. Following the sale, the Marketing Director now directly owns 19,510 shares of the company, valued at $ 1,175,477.50. Disclosure of this sale can be found here. During the last quarter, insiders sold 27,445 shares of the company valued at $ 1,701,154. Company insiders own 0.54% of the company’s shares.
A number of hedge funds and other institutional investors have recently changed their holdings to RBA. Dimensional Fund Advisors LP increased its position in Ritchie Bros. Auctioneers of 4.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 181,906 shares of the business service provider valued at $ 12,652,000 after purchasing an additional 7,611 shares during the period. Comerica Bank increased its position in Ritchie Bros. Auctioneers of 21.4% in the first quarter. Comerica Bank now owns 13,436 shares of the business services provider valued at $ 849,000 after purchasing an additional 2,366 shares during the period. Victory Capital Management Inc. increased its position in Ritchie Bros. Auctioneers of 74.2% in the first quarter. Victory Capital Management Inc. now owns 457,490 shares of the business service provider valued at $ 26,786,000 after purchasing an additional 194,890 shares during the period. Envestnet Asset Management Inc. increased its position in Ritchie Bros. Auctioneers of 22.2% in the first quarter. Envestnet Asset Management Inc. now owns 427,028 shares of the business service provider valued at $ 25,002,000 after purchasing an additional 77,470 shares during the period. Finally, Natixis Advisors LP increased its stake in Ritchie Bros. shares. Auctioneers 58.0% in the first quarter. Natixis Advisors LP now holds 139,279 shares of the business services provider valued at $ 8,154,000 after purchasing an additional 51,119 shares during the period. 80.89% of the shares are currently held by hedge funds and other institutional investors.
Ritchie Bros. Company Profile Auctioneers
Ritchie Bros. Auctioneers, Inc is an industrial auctioneer who sells equipment to bidders onsite and online. It operates through the following segments: Auctions and Marketplace, Ritchie Bros. Financial Services and Mascus. The Auctions and Marketplace segment includes live on-site auctions, online auctions and marketplaces, as well as brokerage service.
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