Ritchie Bros. Auctioneers Inc (RBA) Expected to Announce Earnings of $0.22 Per Share

Brokerages expect that Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) will post $0.22 earnings per share for the current quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Ritchie Bros. Auctioneers’ earnings, with the lowest EPS estimate coming in at $0.10 and the highest estimate coming in at $0.28. Ritchie Bros. Auctioneers reported earnings of $0.16 per share during the same quarter last year, which would indicate a positive year over year growth rate of 37.5%. The firm is scheduled to report its next earnings results on Thursday, May 9th.

According to Zacks, analysts expect that Ritchie Bros. Auctioneers will report full-year earnings of $1.29 per share for the current financial year, with EPS estimates ranging from $1.15 to $1.44. For the next fiscal year, analysts forecast that the business will post earnings of $1.51 per share, with EPS estimates ranging from $1.35 to $1.68. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that cover Ritchie Bros. Auctioneers.

RBA has been the topic of a number of research reports. Zacks Investment Research raised Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Saturday, January 12th. ValuEngine raised Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating in a research report on Wednesday, December 26th. Barrington Research reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a research report on Thursday, March 7th. Raymond James lowered their target price on Ritchie Bros. Auctioneers from $38.00 to $34.50 and set a “market perform” rating on the stock in a research report on Monday, March 4th. Finally, OTR Global raised Ritchie Bros. Auctioneers to a “positive” rating in a research report on Monday, February 4th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $37.06.

Several large investors have recently modified their holdings of RBA. Massachusetts Financial Services Co. MA grew its holdings in Ritchie Bros. Auctioneers by 9.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,718,774 shares of the business services provider’s stock worth $285,278,000 after buying an additional 750,283 shares in the last quarter. William Blair Investment Management LLC grew its holdings in Ritchie Bros. Auctioneers by 6.7% during the third quarter. William Blair Investment Management LLC now owns 3,499,789 shares of the business services provider’s stock worth $126,447,000 after buying an additional 220,723 shares in the last quarter. Eagle Asset Management Inc. grew its holdings in Ritchie Bros. Auctioneers by 65.1% during the fourth quarter. Eagle Asset Management Inc. now owns 3,367,547 shares of the business services provider’s stock worth $110,186,000 after buying an additional 1,327,657 shares in the last quarter. Vanguard Group Inc. grew its holdings in Ritchie Bros. Auctioneers by 6.9% during the third quarter. Vanguard Group Inc. now owns 2,686,036 shares of the business services provider’s stock worth $97,046,000 after buying an additional 174,262 shares in the last quarter. Finally, Vanguard Group Inc grew its holdings in Ritchie Bros. Auctioneers by 6.9% during the third quarter. Vanguard Group Inc now owns 2,686,036 shares of the business services provider’s stock worth $97,046,000 after buying an additional 174,262 shares in the last quarter. 92.74% of the stock is currently owned by institutional investors.

RBA traded up $0.24 during trading on Friday, hitting $34.01. The company’s stock had a trading volume of 17,432 shares, compared to its average volume of 375,090. Ritchie Bros. Auctioneers has a twelve month low of $30.76 and a twelve month high of $38.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.11 and a current ratio of 1.37. The firm has a market cap of $3.64 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 2.00 and a beta of 0.82.

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Stockholders of record on Friday, February 15th were given a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.12%. The ex-dividend date was Thursday, February 14th. Ritchie Bros. Auctioneers’s payout ratio is 66.67%.

About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

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

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