Equities Analysts Offer Predictions for Ritchie Bros. Auctioneers Inc’s Q2 2019 Earnings (NYSE:RBA)

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Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – National Bank Financial decreased their Q2 2019 earnings per share estimates for Ritchie Bros. Auctioneers in a report released on Tuesday, July 9th. National Bank Financial analyst M. Sytchev now expects that the business services provider will post earnings of $0.41 per share for the quarter, down from their prior estimate of $0.45. National Bank Financial has a “Sector Perform” rating and a $34.00 price objective on the stock.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last issued its quarterly earnings results on Thursday, May 9th. The business services provider reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.21 by ($0.04). The business had revenue of $303.40 million during the quarter, compared to analyst estimates of $268.69 million. Ritchie Bros. Auctioneers had a net margin of 10.10% and a return on equity of 14.47%. The company’s revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.16 earnings per share.

Several other analysts have also recently issued reports on RBA. ValuEngine cut shares of Woodward, Inc.Common Stock from a “buy” rating to a “hold” rating in a research note on Tuesday, April 9th. CIBC reissued a “hold” rating and set a $37.00 price objective on shares of Ritchie Bros. Auctioneers in a research note on Wednesday, May 15th. Zacks Investment Research raised shares of General Moly from a “sell” rating to a “hold” rating in a research note on Thursday. TD Securities lowered their price objective on shares of Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “reduce” rating for the company in a research note on Monday, May 13th. Finally, Royal Bank of Canada boosted their price objective on shares of NVIDIA to $200.00 and gave the company an “outperform” rating in a research note on Monday, May 13th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and a consensus target price of $36.28.

Shares of RBA opened at $34.38 on Friday. The company has a fifty day simple moving average of $34.21. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.30 and a quick ratio of 1.16. The firm has a market cap of $3.73 billion, a P/E ratio of 31.83, a PEG ratio of 4.04 and a beta of 0.74. Ritchie Bros. Auctioneers has a fifty-two week low of $30.76 and a fifty-two week high of $38.77.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 19th. Investors of record on Wednesday, May 29th were given a dividend of $0.18 per share. The ex-dividend date of this dividend was Tuesday, May 28th. This represents a $0.72 dividend on an annualized basis and a yield of 2.09%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 66.67%.

A number of institutional investors have recently made changes to their positions in RBA. Manchester Capital Management LLC purchased a new stake in Ritchie Bros. Auctioneers during the 1st quarter worth $34,000. Beutel Goodman & Co Ltd. purchased a new position in Ritchie Bros. Auctioneers in the 1st quarter valued at about $41,000. Brand Asset Management Group Inc. purchased a new position in Ritchie Bros. Auctioneers in the 1st quarter valued at about $54,000. Bremer Bank National Association purchased a new position in Ritchie Bros. Auctioneers in the 1st quarter valued at about $61,000. Finally, Icon Wealth Partners LLC purchased a new position in Ritchie Bros. Auctioneers in the 1st quarter valued at about $66,000. 90.13% of the stock is owned by hedge funds and other institutional investors.

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.

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

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