Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Analysts at Barrington Research lowered their FY2017 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a research report issued to clients and investors on Tuesday. Barrington Research analyst G. Prestopino now expects that the company will post earnings per share of $1.05 for the year, down from their previous forecast of $1.12. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q4 2017 earnings at $0.24 EPS, Q1 2018 earnings at $0.20 EPS, Q2 2018 earnings at $0.51 EPS, Q3 2018 earnings at $0.19 EPS, Q4 2018 earnings at $0.34 EPS and FY2018 earnings at $1.25 EPS.
RBA has been the subject of a number of other reports. TD Securities dropped their price target on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research report on Tuesday, October 10th. Scotiabank reiterated an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a research report on Friday, October 20th. Finally, Raymond James Financial, Inc. dropped their price target on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$38.20.
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Shares of Ritchie Bros. Auctioneers (TSE RBA) opened at C$32.30 on Friday. Ritchie Bros. Auctioneers has a 12-month low of C$30.63 and a 12-month high of C$52.88.
In other Ritchie Bros. Auctioneers news, insider Sharon Driscoll acquired 1,375 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was purchased at an average price of C$36.17 per share, for a total transaction of C$49,733.75.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be issued a $0.219 dividend. The ex-dividend date is Tuesday, November 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.71%. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. Ritchie Bros. Auctioneers’s payout ratio is 87.18%.
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.
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