Ritchie Bros. Auctioneers Inc. (NYSE:RBA) posted its quarterly earnings data on Wednesday. The company reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. Ritchie Bros. Auctioneers had a net margin of 25.39% and a return on equity of 16.55%. The company had revenue of $128.90 million for the quarter, compared to the consensus estimate of $121.06 million. During the same quarter last year, the company earned $0.19 earnings per share. The company’s revenue was up 17.9% compared to the same quarter last year.

Ritchie Bros. Auctioneers (NYSE:RBA) opened at 37.18 on Friday. The firm has a market cap of $3.96 billion, a PE ratio of 29.12 and a beta of 0.62. The firm’s 50-day moving average is $35.05 and its 200 day moving average is $32.93. Ritchie Bros. Auctioneers has a 1-year low of $21.03 and a 1-year high of $37.74.

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

In other Ritchie Bros. Auctioneers news, VP Jeroen Laurentius Johanus Rijk sold 6,600 shares of Ritchie Bros. Auctioneers stock in a transaction on Friday, September 16th. The shares were sold at an average price of $34.00, for a total transaction of $224,400.00. Following the sale, the vice president now owns 6,600 shares in the company, valued at $224,400. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.67% of the company’s stock.

A number of large investors have recently bought and sold shares of the company. AGF Investments Inc. increased its stake in shares of Ritchie Bros. Auctioneers by 121.1% in the second quarter. AGF Investments Inc. now owns 2,947 shares of the company’s stock valued at $100,000 after buying an additional 1,614 shares in the last quarter. Ngam Advisors L.P. increased its stake in shares of Ritchie Bros. Auctioneers by 7.8% in the second quarter. Ngam Advisors L.P. now owns 14,204 shares of the company’s stock valued at $480,000 after buying an additional 1,025 shares in the last quarter. Aberdeen Asset Management PLC UK purchased a new stake in shares of Ritchie Bros. Auctioneers during the second quarter valued at approximately $12,934,000. Diversified Trust Co purchased a new stake in shares of Ritchie Bros. Auctioneers during the second quarter valued at approximately $223,000. Finally, Bank of Montreal Can purchased a new stake in shares of Ritchie Bros. Auctioneers during the second quarter valued at approximately $60,930,000. Hedge funds and other institutional investors own 86.07% of the company’s stock.

A number of research analysts have commented on RBA shares. Zacks Investment Research downgraded shares of Ritchie Bros. Auctioneers from a “hold” rating to a “sell” rating in a research note on Thursday, July 21st. Bank of America Corp. upgraded shares of Ritchie Bros. Auctioneers from an “underperform” rating to a “neutral” rating in a research report on Wednesday, August 31st. Jefferies Group restated a “hold” rating and issued a $32.00 price target on shares of Ritchie Bros. Auctioneers in a research report on Thursday. Royal Bank Of Canada raised their price target on shares of Ritchie Bros. Auctioneers from $32.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 31st. Finally, RBC Capital Markets restated an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, August 30th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $34.50.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated is a holding company. The Company is an auctioneer of industrial equipment. The Company is engaged in selling industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces.

5 Day Chart for NYSE:RBA

Receive News & Stock 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 stocks with our FREE daily email newsletter.