Analysts expect Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) to post $0.43 earnings per share for the current fiscal quarter, Zacks reports. Nine analysts have issued estimates for Ritchie Bros. Auctioneers’ earnings. The highest EPS estimate is $0.45 and the lowest is $0.41. Ritchie Bros. Auctioneers posted earnings per share of $0.42 during the same quarter last year, which would indicate a positive year-over-year growth rate of 2.4%. The company is scheduled to announce its next earnings results on Thursday, August 8th.

According to Zacks, analysts expect that Ritchie Bros. Auctioneers will report full-year earnings of $1.20 per share for the current fiscal year, with EPS estimates ranging from $1.15 to $1.25. For the next financial year, analysts forecast that the firm will report earnings of $1.45 per share, with EPS estimates ranging from $1.35 to $1.59. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that cover Ritchie Bros. Auctioneers.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, May 9th. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). The firm had revenue of $303.40 million during the quarter, compared to the consensus estimate of $268.69 million. Ritchie Bros. Auctioneers had a net margin of 10.10% and a return on equity of 14.47%. Ritchie Bros. Auctioneers’s revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.16 earnings per share.

RBA has been the subject of several research reports. ValuEngine downgraded United Rentals from a “sell” rating to a “strong sell” rating in a research report on Thursday. Zacks Investment Research upgraded General Moly from a “sell” rating to a “hold” rating in a research report on Thursday, July 11th. National Bank Financial downgraded WestJet Airlines from a “reduce” rating to a “tender” rating and increased their target price for the company from C$22.00 to C$31.00 in a research report on Monday, May 13th. TD Securities dropped their target price on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating for the company in a research report on Monday, May 13th. Finally, CIBC reiterated a “hold” rating and issued a $37.00 target price on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, May 15th. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and a consensus target price of $36.28.

Ritchie Bros. Auctioneers stock traded down $0.70 during trading hours on Monday, hitting $35.48. The stock had a trading volume of 310,901 shares, compared to its average volume of 336,798. The company has a current ratio of 1.30, a quick ratio of 1.16 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $3.93 billion, a PE ratio of 32.85, a price-to-earnings-growth ratio of 4.32 and a beta of 0.74. Ritchie Bros. Auctioneers has a one year low of $30.76 and a one year high of $38.77. The business has a 50 day moving average of $34.47.

Institutional investors and hedge funds have recently modified their holdings of the company. Manchester Capital Management LLC bought a new position in Ritchie Bros. Auctioneers during the 1st quarter valued at $34,000. Beutel Goodman & Co Ltd. acquired a new stake in shares of Ritchie Bros. Auctioneers during the first quarter worth $41,000. Brand Asset Management Group Inc. acquired a new stake in shares of Ritchie Bros. Auctioneers during the first quarter worth $54,000. Bremer Bank National Association acquired a new stake in shares of Ritchie Bros. Auctioneers during the first quarter worth $61,000. Finally, Icon Wealth Partners LLC acquired a new stake in shares of Ritchie Bros. Auctioneers during the first quarter worth $66,000. Institutional investors own 89.99% of the company’s stock.

About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery.

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

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