FY2017 EPS Estimates for Ritchie Bros. Auctioneers Inc (RBA) Decreased by Barrington Research

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.

COPYRIGHT VIOLATION NOTICE: “FY2017 EPS Estimates for Ritchie Bros. Auctioneers Inc (RBA) Decreased by Barrington Research” was first reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another domain, it was stolen and republished in violation of international copyright & trademark legislation. The original version of this piece of content can be accessed at https://sportsperspectives.com/2017/11/19/fy2017-eps-estimates-for-ritchie-bros-auctioneers-inc-rba-decreased-by-barrington-research.html.

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.

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

Receive News & Ratings for Ritchie Bros. Auctioneers Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Inc and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply