Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) – Northcoast Research reduced their FY2017 earnings per share estimates for Ritchie Bros. Auctioneers in a research note issued on Monday. Northcoast Research analyst J. Healy now expects that the business services provider will post earnings of $0.90 per share for the year, down from their prior forecast of $0.96. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ FY2018 earnings at $0.98 EPS.

Several other brokerages have also commented on RBA. Scotiabank set a $34.00 price target on Ritchie Bros. Auctioneers and gave the company an “outperform” rating in a research note on Tuesday, September 12th. Robert W. Baird reissued a “buy” rating and set a $33.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, September 12th. National Bank Financial decreased their target price on Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 9th. TD Securities decreased their target price on Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a “reduce” rating on the stock in a research note on Wednesday, August 9th. Finally, Royal Bank Of Canada set a $40.00 target price on Ritchie Bros. Auctioneers and gave the stock a “buy” rating in a research note on Wednesday, August 9th. Four 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. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and an average target price of $30.06.

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Ritchie Bros. Auctioneers (RBA) opened at $25.11 on Tuesday. Ritchie Bros. Auctioneers has a 12 month low of $24.07 and a 12 month high of $39.96. The company has a market capitalization of $2,718.21, a price-to-earnings ratio of 30.19, a PEG ratio of 2.93 and a beta of 0.66. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.09 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a net margin of 11.43% and a return on equity of 13.04%. The business had revenue of $141.05 million during the quarter, compared to analyst estimates of $139.96 million. During the same period last year, the company earned $0.20 EPS. The business’s revenue for the quarter was up 9.4% on a year-over-year basis.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. First Bank & Trust boosted its position in shares of Ritchie Bros. Auctioneers by 3.8% in the 2nd quarter. First Bank & Trust now owns 5,387 shares of the business services provider’s stock valued at $155,000 after purchasing an additional 196 shares during the period. Forward Management LLC boosted its position in shares of Ritchie Bros. Auctioneers by 11.0% in the 2nd quarter. Forward Management LLC now owns 6,137 shares of the business services provider’s stock valued at $176,000 after purchasing an additional 609 shares during the period. Stephens Inc. AR boosted its position in shares of Ritchie Bros. Auctioneers by 8.4% in the 2nd quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock valued at $238,000 after purchasing an additional 642 shares during the period. Commerce Bank lifted its position in Ritchie Bros. Auctioneers by 4.0% during the 2nd quarter. Commerce Bank now owns 19,957 shares of the business services provider’s stock worth $574,000 after acquiring an additional 761 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Ritchie Bros. Auctioneers by 10.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,492 shares of the business services provider’s stock worth $244,000 after acquiring an additional 836 shares during the period. 96.01% of the stock is owned by hedge funds and other institutional investors.

In other Ritchie Bros. Auctioneers news, CFO Sharon Ruth Driscoll acquired 1,375 shares of the company’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 acquisition, the chief financial officer now owns 1,000 shares in the company, valued at approximately $29,770. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 0.39% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.71%. Ritchie Bros. Auctioneers’s payout ratio is currently 111.48%.

About Ritchie Bros. Auctioneers

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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