Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) has received an average rating of “Hold” from the fifteen analysts that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $35.50.
Several equities research analysts have recently weighed in on RBA shares. Scotiabank set a $39.00 price objective on shares of Ritchie Bros. Auctioneers and gave the stock a “hold” rating in a research report on Monday, August 13th. Barrington Research reiterated a “hold” rating on shares of Ritchie Bros. Auctioneers in a research report on Monday, August 13th. Zacks Investment Research cut shares of Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. Royal Bank of Canada increased their price objective on shares of Ritchie Bros. Auctioneers from $34.00 to $36.00 and gave the stock a “sector perform” rating in a research report on Monday, August 13th. Finally, ValuEngine upgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating in a research report on Thursday, June 21st.
In other Ritchie Bros. Auctioneers news, SVP Kieran Colquhoun Holm sold 13,240 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.24, for a total value of $506,297.60. Following the completion of the sale, the senior vice president now directly owns 11,278 shares in the company, valued at $431,270.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.
Shares of RBA stock traded down $0.45 during trading hours on Wednesday, hitting $36.23. 7,590 shares of the company’s stock traded hands, compared to its average volume of 258,474. The company has a market capitalization of $3.97 billion, a P/E ratio of 45.19, a PEG ratio of 2.57 and a beta of 0.71. Ritchie Bros. Auctioneers has a 12 month low of $24.08 and a 12 month high of $38.77. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.13 and a current ratio of 1.26.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Thursday, August 9th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.06. Ritchie Bros. Auctioneers had a net margin of 12.36% and a return on equity of 13.42%. The firm had revenue of $206.80 million during the quarter, compared to the consensus estimate of $225.52 million. During the same quarter last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 24.4% on a year-over-year basis. sell-side analysts forecast that Ritchie Bros. Auctioneers will post 1.1 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Wednesday, August 29th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.99%. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, August 28th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 88.89%.
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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