Ritchie Bros. Auctioneers Inc Plans Quarterly Dividend of $0.21 (RBA)

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) declared a quarterly dividend on Friday, January 26th, Zacks reports. Investors of record on Friday, February 16th will be paid a dividend of 0.213 per share on Friday, March 9th. This represents a $0.85 annualized dividend and a dividend yield of 2.20%. The ex-dividend date is Thursday, February 15th.

Ritchie Bros. Auctioneers (RBA) opened at C$38.66 on Friday. The stock has a market cap of $4,140.00, a P/E ratio of 50.21 and a beta of 0.27. Ritchie Bros. Auctioneers has a one year low of C$30.63 and a one year high of C$46.32.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.18 by C($0.07). The company had revenue of C$176.92 million for the quarter, compared to analysts’ expectations of C$176.03 million. Ritchie Bros. Auctioneers had a return on equity of 5.77% and a net margin of 7.32%.

A number of equities analysts have weighed in on RBA shares. National Bank Financial raised shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from C$28.00 to C$39.00 in a research note on Monday, November 20th. Scotiabank reaffirmed an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a research note on Friday, October 20th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$38.33.

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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.

Dividend History for Ritchie Bros. Auctioneers (TSE:RBA)

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