FY2017 EPS Estimates for Ritchie Bros. Auctioneers Inc (RBA) Reduced by Analyst
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Analysts at National Bank Financial decreased their FY2017 earnings per share (EPS) estimates for Ritchie Bros. Auctioneers in a report issued on Sunday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.91 per share for the year, down from their previous estimate of $1.07. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ Q4 2017 earnings at $0.25 EPS and FY2018 earnings at $1.28 EPS.
A number of other equities research analysts have also recently weighed in on the company. Scotiabank reaffirmed an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th. TD Securities dropped their price target on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a report on Tuesday, October 10th. Finally, Raymond James Financial, Inc. dropped their price target on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of C$38.20.
Ritchie Bros. Auctioneers (RBA) opened at C$31.93 on Tuesday. Ritchie Bros. Auctioneers has a twelve month low of C$30.63 and a twelve month high of C$52.88.
In other news, insider Sharon Driscoll acquired 1,375 shares of the firm’s stock in a transaction on Thursday, September 7th. The shares were purchased at an average cost of C$36.17 per share, for a total transaction of C$49,733.75.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th will be given a $0.219 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.74%. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 87.18%.
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.
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