Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) – Investment analysts at National Bank Financial reduced their FY2017 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a note issued to investors on Tuesday. National Bank Financial analyst M. Sytchev now expects that the business services provider will post earnings of $0.91 per share for the year, down from their previous forecast of $0.93. National Bank Financial has a “Sector Perform” rating and a $30.00 price target on the stock.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. The company had revenue of $166.20 million for the quarter, compared to analysts’ expectations of $161.85 million. Ritchie Bros. Auctioneers had a return on equity of 14.72% and a net margin of 8.96%. The firm’s revenue was up 4.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.37 earnings per share. ILLEGAL ACTIVITY WARNING: “FY2017 Earnings Forecast for Ritchie Bros. Auctioneers Incorporated Issued By National Bank Financial (RBA)” was posted by Daily Political and is the sole property of of Daily Political. If you are accessing this story on another website, it was stolen and republished in violation of United States & international copyright & trademark legislation. The correct version of this story can be accessed at https://www.dailypolitical.com/2017/08/11/fy2017-earnings-forecast-for-ritchie-bros-auctioneers-incorporated-issued-by-national-bank-financial-rba.html.

Several other equities analysts have also weighed in on RBA. CIBC restated an “outperform” rating and issued a $36.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Thursday, April 13th. Jefferies Group LLC restated a “hold” rating and issued a $29.00 price objective (down from $32.00) on shares of Ritchie Bros. Auctioneers in a report on Friday, April 14th. Royal Bank Of Canada set a $41.00 price objective on shares of Ritchie Bros. Auctioneers and gave the company a “buy” rating in a report on Saturday, April 22nd. William Blair restated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a report on Monday, April 24th. Finally, Scotiabank cut their price objective on shares of Ritchie Bros. Auctioneers from $40.00 to $39.00 and set an “outperform” rating on the stock in a report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $33.46.

Ritchie Bros. Auctioneers (NYSE:RBA) traded down 0.81% during trading on Friday, reaching $26.97. 96,623 shares of the company’s stock traded hands. The firm’s 50 day moving average is $28.20 and its 200 day moving average is $30.82. Ritchie Bros. Auctioneers has a 12 month low of $26.68 and a 12 month high of $39.96. The company has a market cap of $2.89 billion, a P/E ratio of 39.66 and a beta of 0.55.

A number of large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. raised its stake in Ritchie Bros. Auctioneers by 47.6% in the second quarter. PNC Financial Services Group Inc. now owns 38,247 shares of the business services provider’s stock valued at $1,099,000 after buying an additional 12,337 shares during the period. Nicholas Company Inc. raised its stake in Ritchie Bros. Auctioneers by 332.7% in the second quarter. Nicholas Company Inc. now owns 154,595 shares of the business services provider’s stock valued at $4,443,000 after buying an additional 118,865 shares during the period. Ameriprise Financial Inc. raised its stake in Ritchie Bros. Auctioneers by 148.2% in the second quarter. Ameriprise Financial Inc. now owns 1,256,159 shares of the business services provider’s stock valued at $35,631,000 after buying an additional 750,038 shares during the period. Stephens Inc. AR raised its stake in Ritchie Bros. Auctioneers by 8.4% in the second quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock valued at $238,000 after buying an additional 642 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its stake in Ritchie Bros. Auctioneers by 19.3% in the second quarter. Aberdeen Asset Management PLC UK now owns 2,285,911 shares of the business services provider’s stock valued at $65,697,000 after buying an additional 369,609 shares during the period. Institutional investors own 97.26% of the company’s stock.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.68 annualized dividend and a yield of 2.50%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 144.68%.

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.

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

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