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.
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 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%.
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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