Analysts forecast that Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) will announce sales of $223.82 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Ritchie Bros. Auctioneers’ earnings, with the highest sales estimate coming in at $251.13 million and the lowest estimate coming in at $179.15 million. Ritchie Bros. Auctioneers posted sales of $141.05 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 58.7%. The firm is expected to issue its next earnings report on Thursday, November 8th.

On average, analysts expect that Ritchie Bros. Auctioneers will report full year sales of $1.07 billion for the current financial year, with estimates ranging from $957.45 million to $1.12 billion. For the next financial year, analysts expect that the firm will report sales of $1.20 billion, with estimates ranging from $1.17 billion to $1.22 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Thursday, August 9th. The business services provider reported $0.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.06. Ritchie Bros. Auctioneers had a net margin of 12.36% and a return on equity of 13.42%. The company had revenue of $206.80 million during the quarter, compared to analysts’ expectations of $225.52 million. During the same period in the prior year, the company posted $0.33 earnings per share. Ritchie Bros. Auctioneers’s revenue for the quarter was up 24.4% compared to the same quarter last year.

Several research firms have recently weighed in on RBA. Zacks Investment Research upgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Friday, September 28th. Macquarie increased their price objective on shares of Ritchie Bros. Auctioneers from $39.50 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, September 11th. Scotiabank set a $39.00 price objective on shares of Ritchie Bros. Auctioneers and gave the stock a “hold” rating in a research report on Monday, August 13th. Raymond James increased their price objective on shares of Ritchie Bros. Auctioneers from $34.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, August 13th. Finally, National Bank Financial raised their price target on shares of Ritchie Bros. Auctioneers from $35.00 to $39.00 and gave the stock a “sector perform” rating in a report on Monday, August 13th. Two research analysts have rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $36.11.

RBA opened at $33.13 on Friday. Ritchie Bros. Auctioneers has a twelve month low of $24.08 and a twelve month high of $38.77. The company has a quick ratio of 1.13, a current ratio of 1.26 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.92 billion, a PE ratio of 41.79, a PEG ratio of 2.53 and a beta of 0.70.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 19th. Shareholders of record on Wednesday, August 29th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 2.17%. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, August 28th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 88.89%.

In other Ritchie Bros. Auctioneers news, SVP Kieran Colquhoun Holm sold 13,240 shares of the firm’s stock in a transaction on Wednesday, August 22nd. The shares were sold at an average price of $38.24, for a total value of $506,297.60. Following the completion of the sale, the senior vice president now directly owns 11,278 shares in the company, valued at $431,270.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.30% of the company’s stock.

Large investors have recently bought and sold shares of the business. Summit Trail Advisors LLC grew its holdings in shares of Ritchie Bros. Auctioneers by 2,814.2% during the first quarter. Summit Trail Advisors LLC now owns 125,514 shares of the business services provider’s stock valued at $126,000 after buying an additional 121,207 shares during the last quarter. Cutler Group LP grew its holdings in shares of Ritchie Bros. Auctioneers by 125.6% during the second quarter. Cutler Group LP now owns 4,688 shares of the business services provider’s stock valued at $159,000 after buying an additional 22,971 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new position in shares of Ritchie Bros. Auctioneers during the second quarter valued at about $207,000. We Are One Seven LLC acquired a new position in shares of Ritchie Bros. Auctioneers during the third quarter valued at about $216,000. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Ritchie Bros. Auctioneers by 197.6% during the second quarter. Tower Research Capital LLC TRC now owns 8,036 shares of the business services provider’s stock valued at $275,000 after buying an additional 5,336 shares during the last quarter. Institutional investors and hedge funds own 94.09% of the company’s stock.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

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Earnings History and Estimates for Ritchie Bros. Auctioneers (NYSE:RBA)

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