Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (TSE:RBA) – Investment analysts at Northcoast Research upped their Q1 2021 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a research report issued on Tuesday, April 6th. Northcoast Research analyst J. Healy now forecasts that the business services provider will post earnings of $0.22 per share for the quarter, up from their prior estimate of $0.10. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ FY2021 earnings at $1.59 EPS.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Wednesday, February 17th. The business services provider reported $0.49 earnings per share for the quarter, missing the consensus estimate of $0.56 by ($0.07). Ritchie Bros. Auctioneers had a net margin of 13.03% and a return on equity of 19.76%. The company had revenue of $383.41 million during the quarter, compared to the consensus estimate of $369.50 million.
Shares of RBA opened at $61.41 on Thursday. Ritchie Bros. Auctioneers has a 1-year low of $36.57 and a 1-year high of $78.64. The company has a current ratio of 1.34, a quick ratio of 1.26 and a debt-to-equity ratio of 0.65. The firm’s 50-day moving average price is $56.24 and its 200-day moving average price is $62.42. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 38.87, a PEG ratio of 4.50 and a beta of 1.14.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Railway Pension Investments Ltd purchased a new stake in shares of Ritchie Bros. Auctioneers during the 4th quarter worth approximately $2,031,000. Brookfield Asset Management Inc. bought a new position in Ritchie Bros. Auctioneers during the fourth quarter valued at $2,149,000. Ritholtz Wealth Management grew its stake in shares of Ritchie Bros. Auctioneers by 27.4% in the 4th quarter. Ritholtz Wealth Management now owns 12,241 shares of the business services provider’s stock worth $851,000 after buying an additional 2,634 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Ritchie Bros. Auctioneers in the 3rd quarter worth about $1,978,000. Finally, M&G Investment Management Ltd. purchased a new stake in shares of Ritchie Bros. Auctioneers during the 4th quarter valued at about $221,000. Institutional investors and hedge funds own 80.25% of the company’s stock.
In related news, insider Kieran Colquhoun Holm sold 12,861 shares of the firm’s stock in a transaction on Monday, March 1st. The shares were sold at an average price of $55.00, for a total transaction of $707,355.00. Following the completion of the transaction, the insider now directly owns 21,520 shares of the company’s stock, valued at $1,183,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider James J. Jeter sold 7,784 shares of the business’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $54.89, for a total transaction of $427,263.76. Following the completion of the sale, the insider now owns 29,485 shares in the company, valued at approximately $1,618,431.65. The disclosure for this sale can be found here. Insiders have sold a total of 54,343 shares of company stock worth $3,054,464 in the last three months. 0.83% of the stock is owned by corporate insiders.
The firm also recently announced a quarterly dividend, which was paid on Friday, March 5th. Investors of record on Friday, February 12th were given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend was Thursday, February 11th. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 66.17%.
Ritchie Bros. Auctioneers Company Profile
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. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.
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