Northcoast Research Analysts Lower Earnings Estimates for Ritchie Bros. Auctioneers Inc (RBA)

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities researchers at Northcoast Research dropped their FY2017 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research report issued to clients and investors on Monday. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $1.15 for the year, down from their previous estimate of $1.20. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ FY2018 earnings at $1.25 EPS.

Other equities research analysts have also recently issued reports about the company. Scotiabank reaffirmed an “outperform” rating and set a C$41.00 price objective on shares of Ritchie Bros. Auctioneers in a research note on Tuesday, September 12th. Raymond James Financial, Inc. dropped their target price on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a report on Tuesday, October 10th. Finally, TD Securities dropped their price objective on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of C$38.20.

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Ritchie Bros. Auctioneers (TSE RBA) opened at C$31.90 on Tuesday. Ritchie Bros. Auctioneers has a 52-week low of C$30.63 and a 52-week high of C$52.88.

In related news, insider Sharon Driscoll bought 1,000 shares of the firm’s stock in a transaction on Friday, August 25th. The shares were bought at an average cost of C$35.72 per share, for a total transaction of C$35,720.00.

The company also recently announced 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. This is a boost from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date is Tuesday, November 28th. This represents a $0.88 annualized dividend and a yield of 2.75%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is 87.18%.

Ritchie Bros. Auctioneers Company Profile

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)

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