Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Investment analysts at Northcoast Research lifted their Q2 2019 earnings estimates for Ritchie Bros. Auctioneers in a report issued on Monday, May 13th. Northcoast Research analyst J. Healy now forecasts that the company will post earnings of $0.59 per share for the quarter, up from their previous estimate of $0.57.
Separately, National Bank Financial reduced their price target on Ritchie Bros. Auctioneers from C$37.00 to C$35.00 and set a “sector perform” rating for the company in a research report on Monday, March 4th.
Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last announced its quarterly earnings results on Thursday, February 28th. The company reported C$0.43 earnings per share for the quarter, missing analysts’ consensus estimates of C$0.49 by C($0.06). The business had revenue of C$470.51 million during the quarter, compared to the consensus estimate of C$406.35 million.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Shareholders of record on Wednesday, May 29th will be given a $0.241 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.18%. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.24. Ritchie Bros. Auctioneers’s payout ratio is currently 63.45%.
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 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.
Featured Story: Price-Sales Ratio
Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.