Analysts expect Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) to post $0.40 earnings per share (EPS) for the current quarter, Zacks reports. Seven analysts have issued estimates for Ritchie Bros. Auctioneers’ earnings. The lowest EPS estimate is $0.34 and the highest is $0.43. Ritchie Bros. Auctioneers posted earnings per share of $0.32 during the same quarter last year, which suggests a positive year over year growth rate of 25%. The business is expected to report its next earnings results on Thursday, February 27th.
On average, analysts expect that Ritchie Bros. Auctioneers will report full-year earnings of $1.28 per share for the current fiscal year, with EPS estimates ranging from $1.20 to $1.35. For the next fiscal year, analysts forecast that the company will report earnings of $1.49 per share, with EPS estimates ranging from $1.35 to $1.67. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Ritchie Bros. Auctioneers.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.23 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.01. The company had revenue of $289.80 million for the quarter, compared to analysts’ expectations of $289.55 million. Ritchie Bros. Auctioneers had a net margin of 10.08% and a return on equity of 15.27%. The business’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.18 EPS.
A number of equities analysts have recently issued reports on RBA shares. Robert W. Baird increased their price objective on shares of Ritchie Bros. Auctioneers from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Monday, August 12th. Raymond James reissued a “market perform” rating and set a $36.50 price objective on shares of Ritchie Bros. Auctioneers in a research report on Monday, October 21st. TD Securities increased their price objective on shares of Ritchie Bros. Auctioneers from $28.00 to $29.00 and gave the stock a “reduce” rating in a research report on Monday, August 12th. Bank of America increased their price objective on shares of Ritchie Bros. Auctioneers from $32.00 to $33.50 and gave the stock an “underperform” rating in a research report on Friday, August 9th. Finally, National Bank Financial cut shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “underperform” rating in a research report on Friday. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $36.25.
In related news, insider Todd Donald Wohler sold 2,428 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $39.80, for a total value of $96,634.40. Following the sale, the insider now owns 9,491 shares in the company, valued at approximately $377,741.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Darren Jeffrey Watt sold 2,279 shares of the company’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $39.33, for a total transaction of $89,633.07. Following the completion of the sale, the insider now owns 5,626 shares in the company, valued at approximately $221,270.58. The disclosure for this sale can be found here. Insiders sold a total of 8,709 shares of company stock worth $344,944 in the last 90 days. 1.60% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Quest Capital Management Inc. ADV acquired a new stake in shares of Ritchie Bros. Auctioneers in the 3rd quarter worth about $39,000. Arcadia Investment Management Corp MI raised its holdings in shares of Ritchie Bros. Auctioneers by 233.3% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 3,000 shares of the business services provider’s stock worth $100,000 after acquiring an additional 2,100 shares during the last quarter. NEXT Financial Group Inc raised its holdings in shares of Ritchie Bros. Auctioneers by 9.4% in the 2nd quarter. NEXT Financial Group Inc now owns 3,557 shares of the business services provider’s stock worth $118,000 after acquiring an additional 307 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Ritchie Bros. Auctioneers by 101.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,840 shares of the business services provider’s stock worth $153,000 after acquiring an additional 1,934 shares during the last quarter. Finally, Hengehold Capital Management LLC acquired a new stake in shares of Ritchie Bros. Auctioneers in the 3rd quarter worth about $212,000. Institutional investors own 89.73% of the company’s stock.
Shares of RBA stock traded down $0.38 on Tuesday, reaching $41.28. 1,072,627 shares of the company were exchanged, compared to its average volume of 346,689. The company has a market cap of $4.39 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 4.67 and a beta of 0.69. The company has a 50-day moving average of $39.84 and a 200-day moving average of $36.72. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.24 and a quick ratio of 1.12. Ritchie Bros. Auctioneers has a one year low of $30.76 and a one year high of $42.97.
About Ritchie Bros. Auctioneers
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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