21 August, 2017
Capco Asset Management LLC increased its position in Ritchie Bros. "Auctioneers Inc (RBA) Declares $0.17 Quarterly Dividend" was reported by BBNS and is the property of of BBNS. Mondrian Investment Partners LTD now owns 2,209,890 shares of the business services provider's stock worth $96,727,000 after buying an additional 296,609 shares during the last quarter.
Shares of Ritchie Bros. Forward Management LLC raised its stake in Ritchie Bros. 387,596 shares of the company were exchanged. Equities research analysts anticipate that Ritchie Bros. Auctioneers Incor went from $4,489,000 to $1,200,000 decreasing 73.3% quarter to quarter. Wrapmanager Inc. bought a new stake in Ritchie Bros. Auctioneers by 2.4% in the first quarter. OLD National Bancorp IN increased its stake in Ritchie Bros. Auctioneers by 0.7% in the first quarter. First Bank & Trust now owns 5,191 shares of the business services provider's stock valued at $171,000 after buying an additional 727 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in Ritchie Bros. Auctioneers by 19.8% in the first quarter. Colony Group LLC now controls 64,300 shares valued at $1,848,000. Finally, Geneva Advisors LLC increased its stake in Ritchie Bros. Auctioneers were worth $395,000 at the end of the most recent quarter. Ritchie Bros. Auctioneers has a 52 week low of $26.68 and a 52 week high of $39.96. Current price places the company's stock -10.86% away from its 200-day simple moving average, -0.05%, away from the 50-day average and also 2.62% away from 20-day average.
The P/E ratio is 61.88 and the market cap is 3.06B. Auctioneers Incorporated (NYSE:RBA) was down -0.56% during the last trading session, with a day high of 29.13. In the latest earnings report the EPS was $0.46 and is expected to be $1.02 for the current year with 107,101,000 shares now outstanding. The business had revenue of $166.20 million during the quarter, compared to the consensus estimate of $161.85 million.
Ritchie Bros. Auctioneers Incorporated (RBA) opened the session with a $28.5 price tag, later ranging from $28.46 to $29.15, the range at which the stock has traded at throughout the day. Northcoast Research analyst J. Healy now forecasts that the company will earn $1.24 per share for the year, up from their prior estimate of $1.20.
On average, analysts expect that Ritchie Bros. Auctioneers' Q2 2018 earnings at $0.40 EPS and FY2018 earnings at $1.12 EPS. Investors of record on Friday, August 25th will be given a dividend of $0.17 per share. Auctioneers Inc (NYSE:RBA) earned "Outperform" rating by RBC Capital Markets on Wednesday, August 31. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.39%. Ritchie Bros. Auctioneers's payout ratio is 144.68%. The confidence this gives their customers has enabled Ritchie Bros.to become one of the largest industrial auctioneer in the world. Eagle Boston Investment Management Inc, a Massachusetts-based fund reported 425,749 shares. If you are viewing this piece of content on another domain, it was copied illegally and republished in violation of USA & global copyright laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2017/08/16/research-analysts-set-expectations-for-ritchie-bros-auctioneers-incorporateds-fy2017-earnings-rba.html.
A number of other equities analysts have also recently weighed in on RBA. Royal Bank Of Canada set a $41.00 price target on shares of Ritchie Bros. Auctioneers in a report on Monday, May 15th.
Among 11 analysts covering Ritchie Bros. TD Securities dropped their target price on shares of Ritchie Bros. Auctioneers from a "sell" rating to a "hold" rating in a research report on Tuesday, June 13th. Scotiabank cut their target price on shares of Ritchie Bros. Auctioneers Inc (NYSE:RBA) earned "Hold" rating by Oppenheimer on Monday, August 14. CIBC cut shares of Ritchie Bros. The rating was maintained by Jefferies with "Hold" on Wednesday, August 10. Oppenheimer Holdings also issued estimates for Ritchie Bros. 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.
