Northcoast Research Analysts Lower Earnings Estimates for Ritchie Bros. Auctioneers Inc (RBA)
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities researchers at Northcoast Research dropped their FY2017 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research report issued to clients and investors on Monday. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $1.15 for the year, down from their previous estimate of $1.20. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ FY2018 earnings at $1.25 EPS.
Other equities research analysts have also recently issued reports about the company. Scotiabank reaffirmed an “outperform” rating and set a C$41.00 price objective on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, September 12th. Raymond James Financial, Inc. dropped their target price on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a report on Tuesday, October 10th. Finally, TD Securities dropped their price objective on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$38.20.
TRADEMARK VIOLATION WARNING: “Northcoast Research Analysts Lower Earnings Estimates for Ritchie Bros. Auctioneers Inc (RBA)” was first reported by Daily Political and is the property of of Daily Political. If you are viewing this report on another publication, it was illegally copied and republished in violation of US and international copyright & trademark law. The correct version of this report can be accessed at https://www.dailypolitical.com/2017/11/14/northcoast-research-analysts-lower-earnings-estimates-for-ritchie-bros-auctioneers-inc-rba.html.
Ritchie Bros. Auctioneers (TSE RBA) opened at C$31.90 on Tuesday. Ritchie Bros. Auctioneers has a 52-week low of C$30.63 and a 52-week high of C$52.88.
In related news, insider Sharon Driscoll bought 1,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of C$35.72 per share, for a total transaction of C$35,720.00.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be issued a $0.219 dividend. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, November 28th. This represents a $0.88 annualized dividend and a yield of 2.75%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 87.18%.
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 Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Inc and related companies with MarketBeat.com's FREE daily email newsletter.