Ritchie Bros. Auctioneers Inc. (NYSE:RBA) (TSE:RBA) – Analysts at William Blair raised their FY2016 EPS estimates for Ritchie Bros. Auctioneers in a research note issued on Friday. William Blair analyst N. Brochmann now expects that the brokerage will post earnings per share of $1.16 for the year, up from their prior estimate of $1.14. William Blair also issued estimates for Ritchie Bros. Auctioneers’ Q1 2017 earnings at $0.28 EPS, Q2 2017 earnings at $0.47 EPS, Q3 2017 earnings at $0.28 EPS, Q4 2017 earnings at $0.40 EPS and FY2017 earnings at $1.44 EPS.

Several other research analysts also recently weighed in on the company. Zacks Investment Research downgraded Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a research note on Wednesday. RBC Capital Markets reiterated an “outperform” rating and issued a $59.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Friday, November 11th. BMO Capital Markets reiterated a “hold” rating and issued a $38.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Friday, November 11th. Jefferies Group reiterated a “hold” rating and issued a $32.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Thursday, November 10th. Finally, Bank of America Corp. reiterated a “hold” rating and issued a $37.50 target price on shares of Ritchie Bros. Auctioneers in a research note on Monday, October 10th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $36.54.

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

Shares of Ritchie Bros. Auctioneers (NYSE:RBA) opened at 37.38 on Monday. Ritchie Bros. Auctioneers has a one year low of $21.03 and a one year high of $37.74. The stock has a market capitalization of $3.99 billion, a PE ratio of 29.27 and a beta of 0.62. The firm has a 50-day moving average price of $35.10 and a 200 day moving average price of $32.99.

Ritchie Bros. Auctioneers (NYSE:RBA) last issued its earnings results on Wednesday, November 9th. The company reported $0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by $0.01. The company earned $128.90 million during the quarter, compared to analysts’ expectations of $121.06 million. Ritchie Bros. Auctioneers had a net margin of 19.91% and a return on equity of 17.40%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.19 earnings per share.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, November 28th will be issued a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, November 23rd. This represents a $0.68 annualized dividend and a yield of 1.82%. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 66.67%.

In related news, VP Jeroen Laurentius Johanus Rijk sold 6,600 shares of Ritchie Bros. Auctioneers stock in a transaction on Friday, September 16th. The stock was sold at an average price of $34.00, for a total transaction of $224,400.00. Following the completion of the transaction, the vice president now directly owns 6,600 shares of the company’s stock, valued at $224,400. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.67% of the company’s stock.

A number of institutional investors have recently modified their holdings of RBA. World Asset Management Inc purchased a new position in shares of Ritchie Bros. Auctioneers during the second quarter valued at about $225,000. AGF Investments Inc. boosted its position 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. boosted its position 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 position in shares of Ritchie Bros. Auctioneers during the second quarter valued at about $12,934,000. Finally, Diversified Trust Co purchased a new position in shares of Ritchie Bros. Auctioneers during the second quarter valued at about $223,000. 93.17% of the stock is owned by hedge funds and other institutional investors.

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

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