Q3 2017 Earnings Estimate for Ritchie Bros. Auctioneers Inc Issued By National Bank Financial (RBA)
Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – National Bank Financial cut their Q3 2017 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research note issued to investors on Thursday. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $0.17 per share for the quarter, down from their previous forecast of $0.23. National Bank Financial currently has a “Sector Perform Under Weight” rating on the stock. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ FY2017 earnings at $1.07 EPS.
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Several other equities analysts also recently weighed in on RBA. Raymond James Financial, Inc. dropped their target price on shares of Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating for the company in a report on Monday, May 15th. Royal Bank Of Canada dropped their target price on shares of Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating for the company in a report on Monday, May 15th. Scotiabank dropped their target price on shares of Ritchie Bros. Auctioneers to C$53.50 and set an “outperform” rating for the company in a report on Monday, May 15th. CIBC downgraded shares of Ritchie Bros. Auctioneers from an “outperform” rating to a “neutral” rating and dropped their target price for the company from C$36.00 to C$28.00 in a report on Monday, July 10th. Finally, TD Securities dropped their target price on shares of Ritchie Bros. Auctioneers to C$35.00 and set a “reduce” rating for the company in a report on Monday, July 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the company’s stock. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and an average price target of C$39.50.
Shares of Ritchie Bros. Auctioneers (RBA) opened at 36.20 on Monday. The stock has a market cap of $3.88 billion and a PE ratio of 78.35. Ritchie Bros. Auctioneers has a 52 week low of $34.03 and a 52 week high of $52.88. The company’s 50-day moving average is $35.76 and its 200 day moving average is $40.02.
In other Ritchie Bros. Auctioneers news, insider Sharon Driscoll bought 1,000 shares of the company’s stock in a transaction on Friday, August 25th. The stock was purchased at an average cost of C$35.72 per share, for a total transaction of C$35,720.00.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.68 annualized dividend and a yield of 1.88%.
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.
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