Ritchie Bros. Auctioneers Inc (TSE:RBA) Forecasted to Earn FY2019 Earnings of $1.59 Per Share

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Research analysts at Northcoast Research dropped their FY2019 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research report issued on Monday, November 11th. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $1.59 for the year, down from their prior estimate of $1.63. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ Q4 2019 earnings at $0.42 EPS and FY2020 earnings at $1.92 EPS.

Separately, National Bank Financial lowered shares of Ritchie Bros. Auctioneers from a “sector perform under weight” rating to an “underperform underweight” rating in a report on Friday, November 8th.

Shares of TSE:RBA opened at C$55.49 on Tuesday. The firm has a market cap of $5.65 billion and a PE ratio of 45.86. The firm’s fifty day moving average is C$52.85 and its 200-day moving average is C$48.81. The company has a debt-to-equity ratio of 99.54, a quick ratio of 0.86 and a current ratio of 1.23. Ritchie Bros. Auctioneers has a 52 week low of C$41.89 and a 52 week high of C$56.84.

About Ritchie Bros. Auctioneers

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site 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, as well as construction and heavy machinery.

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

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