Ritchie Bros. Auctioneers Inc. (NYSE:RBA) (TSE:RBA) – Stock analysts at Oppenheimer Holdings issued their Q1 2017 earnings estimates for shares of Ritchie Bros. Auctioneers in a research note issued on Tuesday. Oppenheimer Holdings analyst S. Schneeberger expects that the firm will post earnings of $0.25 per share for the quarter. Oppenheimer Holdings also issued estimates for Ritchie Bros. Auctioneers’ Q2 2017 earnings at $0.45 EPS, Q3 2017 earnings at $0.25 EPS, Q4 2017 earnings at $0.37 EPS and FY2018 earnings at $1.45 EPS.

RBA has been the subject of a number of other research reports. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “hold” rating to a “buy” rating and set a $41.00 target price for the company in a research note on Friday. RBC Capital Markets reaffirmed an “outperform” rating and set a $59.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Friday, November 11th. BMO Capital Markets reaffirmed a “hold” rating and set a $38.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Friday, November 11th. Jefferies Group reaffirmed a “hold” rating and set a $32.00 target price on shares of Ritchie Bros. Auctioneers in a research note on Thursday, November 10th. Finally, Bank of America Corp. reaffirmed a “hold” rating and set a $37.50 target price on shares of Ritchie Bros. Auctioneers in a research note on Monday, October 10th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and nine have assigned a buy rating to the stock. Ritchie Bros. Auctioneers currently has an average rating of “Hold” and a consensus price target of $36.63.

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

Ritchie Bros. Auctioneers (NYSE:RBA) opened at 36.99 on Thursday. Ritchie Bros. Auctioneers has a one year low of $21.03 and a one year high of $37.74. The firm has a market capitalization of $3.94 billion, a P/E ratio of 28.97 and a beta of 0.62. The firm’s 50-day moving average price is $35.33 and its 200 day moving average price is $33.20.

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

The business also recently announced a quarterly dividend, which will be paid on Monday, December 19th. Investors of record on Monday, November 28th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 1.84%. The ex-dividend date is Wednesday, November 23rd. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 66.67%.

In other 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 transaction, the vice president now owns 6,600 shares in the company, valued at approximately $224,400. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.67% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently modified their holdings of RBA. Rothschild Asset Management Inc. boosted its position in shares of Ritchie Bros. Auctioneers by 614.9% in the second quarter. Rothschild Asset Management Inc. now owns 42,982 shares of the company’s stock valued at $1,877,000 after buying an additional 36,970 shares in the last quarter. World Asset Management Inc acquired a new position in shares of Ritchie Bros. Auctioneers during the second quarter valued at $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. Finally, Aberdeen Asset Management PLC UK acquired a new position in shares of Ritchie Bros. Auctioneers during the second quarter valued at $12,934,000. Institutional investors and hedge funds own 93.17% of the company’s stock.

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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