Ritchie Bros. Auctioneers Inc (RBA) Forecasted to Earn Q1 2018 Earnings of $0.24 Per Share
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Research analysts at Northcoast Research issued their Q1 2018 earnings estimates for shares of Ritchie Bros. Auctioneers in a research report issued on Thursday. Northcoast Research analyst J. Healy anticipates that the company will earn $0.24 per share for the quarter. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.15 EPS, Q4 2018 earnings at $0.37 EPS, FY2018 earnings at $1.25 EPS and FY2019 earnings at $1.43 EPS.
Separately, National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and lifted their price objective for the company from C$28.00 to C$39.00 in a research note on Monday, November 20th. One research 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. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and an average price target of C$38.33.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a $0.213 dividend. This represents a $0.85 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, February 15th. Ritchie Bros. Auctioneers’s payout ratio is presently 88.31%.
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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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