Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) – Research analysts at KeyCorp cut their Q2 2017 earnings estimates for shares of Ritchie Bros. Auctioneers in a note issued to investors on Monday. KeyCorp analyst J. Box now anticipates that the business services provider will post earnings of $0.32 per share for the quarter, down from their previous estimate of $0.35. KeyCorp also issued estimates for Ritchie Bros. Auctioneers’ Q3 2017 earnings at $0.18 EPS, Q4 2017 earnings at $0.30 EPS, FY2017 earnings at $1.02 EPS and Q1 2018 earnings at $0.20 EPS.

RBA has been the subject of a number of other research reports. Scotiabank lowered their price objective on shares of Ritchie Bros. Auctioneers from $39.00 to $32.00 and set an “outperform” rating for the company in a research report on Monday. William Blair reaffirmed an “outperform” rating on shares of Ritchie Bros. Auctioneers in a research report on Monday, April 24th. Royal Bank Of Canada set a $41.00 price target on shares of Ritchie Bros. Auctioneers and gave the company a “buy” rating in a research report on Saturday, April 22nd. BidaskClub raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Tuesday, June 13th. Finally, Raymond James Financial, Inc. decreased their price target on shares of Ritchie Bros. Auctioneers from $33.50 to $29.50 and set a “market perform” rating for the company in a research report on Tuesday. Four analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $33.75.

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Shares of Ritchie Bros. Auctioneers (NYSE RBA) opened at 27.38 on Wednesday. Ritchie Bros. Auctioneers has a one year low of $27.13 and a one year high of $39.96. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 40.26 and a beta of 0.55. The company has a 50 day moving average price of $30.60 and a 200-day moving average price of $32.21.

Several large investors have recently added to or reduced their stakes in RBA. Mackenzie Financial Corp boosted its stake in Ritchie Bros. Auctioneers by 2,029.1% in the first quarter. Mackenzie Financial Corp now owns 480,485 shares of the business services provider’s stock valued at $15,808,000 after buying an additional 457,917 shares during the period. Comerica Bank boosted its stake in Ritchie Bros. Auctioneers by 10.9% in the fourth quarter. Comerica Bank now owns 6,693 shares of the business services provider’s stock valued at $220,000 after buying an additional 659 shares during the period. RMB Capital Management LLC boosted its stake in Ritchie Bros. Auctioneers by 52.1% in the fourth quarter. RMB Capital Management LLC now owns 319,194 shares of the business services provider’s stock valued at $10,853,000 after buying an additional 109,336 shares during the period. CGOV Asset Management boosted its stake in Ritchie Bros. Auctioneers by 150.2% in the first quarter. CGOV Asset Management now owns 6,956,054 shares of the business services provider’s stock valued at $304,466,000 after buying an additional 4,175,593 shares during the period. Finally, Norges Bank purchased a new stake in Ritchie Bros. Auctioneers during the fourth quarter valued at about $53,619,000. 95.12% of the stock is owned by institutional investors and hedge funds.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 13th. Stockholders of record on Tuesday, May 23rd were given a dividend of $0.17 per share. The ex-dividend date was Friday, May 19th. This represents a $0.68 annualized dividend and a dividend yield of 2.48%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 100.00%.

About Ritchie Bros. Auctioneers

Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V.

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

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