Northcoast Research Comments on Ritchie Bros. Auctioneers Inc’s FY2019 Earnings (RBA)
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities research analysts at Northcoast Research issued their FY2019 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research note issued on Wednesday. Northcoast Research analyst J. Healy forecasts that the company will post earnings of $1.46 per share for the year.
Several other analysts have also recently issued reports on RBA. Scotiabank reissued an “outperform” rating and set a C$41.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, September 12th. Raymond James Financial reduced their price target on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 10th. TD Securities reduced their price target on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a research report on Tuesday, October 10th. Finally, National Bank Financial raised shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$28.00 to C$39.00 in a research report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of C$38.33.
Shares of Ritchie Bros. Auctioneers (RBA) opened at C$38.87 on Thursday. The stock has a market cap of $4,160.00, a price-to-earnings ratio of 51.14 and a beta of 0.26. Ritchie Bros. Auctioneers has a 1-year low of C$30.63 and a 1-year high of C$46.32.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th were given a dividend of $0.219 per share. This represents a $0.88 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date of this dividend was Tuesday, November 28th. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 89.47%.
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.
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