Ritchie Bros. Auctioneers (RBA) Receiving Somewhat Positive Press Coverage, Accern Reports
News coverage about Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ritchie Bros. Auctioneers earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned press coverage about the business services provider an impact score of 45.7082468153771 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media headlines that may have impacted Accern Sentiment Analysis’s scoring:
- Ritchie Bros. sells US$52+ million of equipment and trucks in Fort Worth, TX (finance.yahoo.com)
- Legal Disclaimer (rbauction.com)
- Ritchie Bros Auctioneers : . sells US$52+ million of equipment and trucks in Fort Worth, TX (4-traders.com)
- Euro Auctions puts 448 lots under the hammer in debut Dubai auction (constructionweekonline.com)
A number of brokerages have weighed in on RBA. BidaskClub upgraded shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th. Scotiabank set a $34.00 price target on Ritchie Bros. Auctioneers and gave the stock an “outperform” rating in a research note on Tuesday, September 12th. Robert W. Baird reaffirmed a “buy” rating and issued a $33.00 price objective on shares of Ritchie Bros. Auctioneers in a report on Tuesday, September 12th. National Bank Financial reduced their price objective on Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating for the company in a research report on Wednesday, August 9th. Finally, TD Securities lowered their target price on Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a “reduce” rating on the stock in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $32.82.
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) opened at 30.50 on Wednesday. The stock has a 50 day moving average price of $29.87 and a 200 day moving average price of $30.16. The company has a market capitalization of $3.27 billion, a PE ratio of 66.02 and a beta of 0.57. Ritchie Bros. Auctioneers has a one year low of $26.68 and a one year high of $39.96.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.33 EPS for the quarter, topping the consensus estimate of $0.32 by $0.01. The company had revenue of $166.20 million during the quarter, compared to analyst estimates of $161.85 million. Ritchie Bros. Auctioneers had a net margin of 8.96% and a return on equity of 14.72%. The firm’s revenue was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.37 EPS. On average, equities research analysts predict that Ritchie Bros. Auctioneers will post $0.85 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 15th. Stockholders of record on Friday, August 25th were given a $0.17 dividend. The ex-dividend date of this dividend was Wednesday, August 23rd. This represents a $0.68 annualized dividend and a dividend yield of 2.23%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 144.68%.
In other news, CFO Sharon Ruth Driscoll bought 1,375 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were acquired at an average price of $29.77 per share, for a total transaction of $40,933.75. Following the completion of the transaction, the chief financial officer now directly owns 1,000 shares in the company, valued at approximately $29,770. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.39% of the stock is currently owned by insiders.
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.
Receive News & Ratings for Ritchie Bros. Auctioneers Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Incorporated and related companies with MarketBeat.com's FREE daily email newsletter.