Q4 2017 EPS Estimates for Ritchie Bros. Auctioneers Inc (RBA) Lifted by KeyCorp

Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Investment analysts at KeyCorp upped their Q4 2017 earnings per share estimates for Ritchie Bros. Auctioneers in a research report issued on Tuesday. KeyCorp analyst J. Box now expects that the business services provider will post earnings of $0.22 per share for the quarter, up from their previous estimate of $0.16. KeyCorp also issued estimates for Ritchie Bros. Auctioneers’ Q1 2018 earnings at $0.14 EPS, Q2 2018 earnings at $0.34 EPS, Q4 2018 earnings at $0.32 EPS and FY2018 earnings at $0.97 EPS.

A number of other brokerages have also recently commented on RBA. National Bank Financial lifted their price target on Ritchie Bros. Auctioneers from $30.50 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday. Scotiabank lifted their price target on Ritchie Bros. Auctioneers from $29.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday. Jefferies Group reaffirmed a “hold” rating and set a $26.00 price target (down previously from $29.00) on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, October 10th. Bank of America lowered their price target on Ritchie Bros. Auctioneers from $22.50 to $21.50 and set an “underperform” rating for the company in a research report on Thursday, November 16th. Finally, Raymond James Financial lowered their price target on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating for the company in a research report on Monday, November 13th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and a consensus price target of $30.00.

Shares of Ritchie Bros. Auctioneers (NYSE:RBA) opened at $32.10 on Friday. Ritchie Bros. Auctioneers has a 52-week low of $24.08 and a 52-week high of $35.21. The company has a debt-to-equity ratio of 1.11, a quick ratio of 1.11 and a current ratio of 1.20. The company has a market capitalization of $3,440.00, a PE ratio of 52.62, a price-to-earnings-growth ratio of 3.42 and a beta of 0.63.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Thursday, November 9th. The business services provider reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The firm had revenue of $141.05 million for the quarter, compared to analyst estimates of $139.96 million. During the same period in the prior year, the firm posted $0.20 EPS. The business’s revenue was up 9.4% compared to the same quarter last year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Stephens Inc. AR raised its stake in shares of Ritchie Bros. Auctioneers by 8.4% during the 2nd quarter. Stephens Inc. AR now owns 8,296 shares of the business services provider’s stock valued at $238,000 after buying an additional 642 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Ritchie Bros. Auctioneers by 10.9% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,492 shares of the business services provider’s stock valued at $244,000 after purchasing an additional 836 shares in the last quarter. Suntrust Banks Inc. increased its stake in shares of Ritchie Bros. Auctioneers by 7.6% in the 2nd quarter. Suntrust Banks Inc. now owns 12,002 shares of the business services provider’s stock valued at $344,000 after purchasing an additional 843 shares in the last quarter. 1st Global Advisors Inc. increased its stake in shares of Ritchie Bros. Auctioneers by 9.5% in the 2nd quarter. 1st Global Advisors Inc. now owns 10,345 shares of the business services provider’s stock valued at $297,000 after purchasing an additional 895 shares in the last quarter. Finally, D.A. Davidson & CO. increased its stake in shares of Ritchie Bros. Auctioneers by 10.6% in the 2nd quarter. D.A. Davidson & CO. now owns 11,053 shares of the business services provider’s stock valued at $317,000 after purchasing an additional 1,059 shares in the last quarter. Institutional investors and hedge funds own 96.61% of the company’s stock.

In other Ritchie Bros. Auctioneers news, insider Karl William Werner sold 5,400 shares of Ritchie Bros. Auctioneers stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $28.68, for a total transaction of $154,872.00. Following the completion of the transaction, the insider now owns 5,400 shares in the company, valued at approximately $154,872. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.39% of the company’s stock.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 29th were paid a dividend of $0.17 per share. The ex-dividend date of this dividend was Tuesday, November 28th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.12%. Ritchie Bros. Auctioneers’s payout ratio is currently 111.48%.

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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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