Zacks: Analysts Anticipate Ritchie Bros. Auctioneers Inc (RBA) Will Post Earnings of $0.15 Per Share

Wall Street brokerages predict that Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) will announce earnings per share (EPS) of $0.15 for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Ritchie Bros. Auctioneers’ earnings, with estimates ranging from $0.10 to $0.19. Ritchie Bros. Auctioneers reported earnings per share of $0.12 during the same quarter last year, which would suggest a positive year over year growth rate of 25%. The firm is scheduled to report its next quarterly earnings results on Thursday, May 3rd.

According to Zacks, analysts expect that Ritchie Bros. Auctioneers will report full year earnings of $1.03 per share for the current financial year, with EPS estimates ranging from $0.95 to $1.10. For the next financial year, analysts forecast that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.12 to $1.42. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow Ritchie Bros. Auctioneers.

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Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its earnings results on Monday, February 26th. The business services provider reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.05. Ritchie Bros. Auctioneers had a net margin of 12.29% and a return on equity of 12.15%. The company had revenue of $178.80 million for the quarter, compared to analysts’ expectations of $171.97 million. During the same period last year, the firm earned $0.30 earnings per share. The business’s revenue for the quarter was up 21.8% on a year-over-year basis.

Several research analysts have recently commented on the stock. Barrington Research reaffirmed a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Tuesday, March 6th. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Thursday, March 1st. Raymond James Financial raised their target price on shares of Ritchie Bros. Auctioneers from $26.50 to $31.00 and gave the stock a “market perform” rating in a report on Wednesday, February 28th. National Bank Financial raised their target price on shares of Ritchie Bros. Auctioneers from $30.50 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, January 10th. Finally, TheStreet raised shares of Ritchie Bros. Auctioneers from a “c” rating to a “b-” rating in a report on Thursday, March 1st. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and five have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $32.80.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Diversified Trust Co boosted its position in shares of Ritchie Bros. Auctioneers by 10.3% during the 4th quarter. Diversified Trust Co now owns 17,595 shares of the business services provider’s stock worth $527,000 after acquiring an additional 1,650 shares in the last quarter. Swiss National Bank boosted its position in shares of Ritchie Bros. Auctioneers by 1.2% during the 4th quarter. Swiss National Bank now owns 182,300 shares of the business services provider’s stock worth $5,463,000 after acquiring an additional 2,100 shares in the last quarter. Advisor Group Inc. boosted its position in shares of Ritchie Bros. Auctioneers by 24.7% during the 3rd quarter. Advisor Group Inc. now owns 12,197 shares of the business services provider’s stock worth $386,000 after acquiring an additional 2,417 shares in the last quarter. Stephens Inc. AR boosted its position in shares of Ritchie Bros. Auctioneers by 33.8% during the 4th quarter. Stephens Inc. AR now owns 11,001 shares of the business services provider’s stock worth $329,000 after acquiring an additional 2,776 shares in the last quarter. Finally, LPL Financial LLC boosted its position in Ritchie Bros. Auctioneers by 38.3% in the fourth quarter. LPL Financial LLC now owns 10,885 shares of the business services provider’s stock valued at $326,000 after buying an additional 3,017 shares in the last quarter.

Shares of Ritchie Bros. Auctioneers (NYSE:RBA) traded down $0.07 on Friday, hitting $32.17. 768,235 shares of the stock traded hands, compared to its average volume of 901,323. Ritchie Bros. Auctioneers has a 12 month low of $24.08 and a 12 month high of $35.17. The company has a market capitalization of $3,452.74, a PE ratio of 46.62, a PEG ratio of 3.29 and a beta of 0.64. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.31 and a quick ratio of 1.21.

The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Friday, February 16th were given a dividend of $0.17 per share. The ex-dividend date of this dividend was Thursday, February 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.11%. Ritchie Bros. Auctioneers’s dividend payout ratio is 98.55%.

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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.

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

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