Brokers Issue Forecasts for Ritchie Bros. Auctioneers’ Q1 2018 Earnings (RBA)

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) – Research analysts at Barrington Research boosted their Q1 2018 earnings estimates for Ritchie Bros. Auctioneers in a research report issued to clients and investors on Tuesday, April 10th. Barrington Research analyst G. Prestopino now anticipates that the company will earn $0.21 per share for the quarter, up from their previous estimate of $0.19. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q2 2018 earnings at $0.49 EPS, Q4 2018 earnings at $0.42 EPS and FY2018 earnings at $1.30 EPS.

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Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last posted its earnings results on Monday, February 26th. The company reported C$0.33 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.07. Ritchie Bros. Auctioneers had a return on equity of 14.87% and a net margin of 15.12%. The firm had revenue of C$227.07 million for the quarter, compared to the consensus estimate of C$210.30 million.

RBA stock opened at C$41.70 on Friday. Ritchie Bros. Auctioneers has a fifty-two week low of C$30.63 and a fifty-two week high of C$44.95.

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Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets.

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

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