Ritchie Bros. Auctioneers (RBA) Earning Somewhat Favorable News Coverage, Analysis Shows

Media coverage about Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) has trended somewhat positive this week, according to Accern. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ritchie Bros. Auctioneers earned a news impact score of 0.19 on Accern’s scale. Accern also gave news headlines about the business services provider an impact score of 46.7467693077883 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

Here are some of the news articles that may have effected Accern Sentiment Analysis’s analysis:

• Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Upgraded to “Hold” by Zacks Investment Research (americanbankingnews.com)
• Ritchie Bros. Auctioneers Incor (NYSE:RBA) Experiences Heavy Trading Volume (famososartistas.com)
• Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) Trading Down 5.9% After Analyst Downgrade (fishinghd.com)
• Investors Alert on Ritchie Bros. Auctioneers Incorporated (RBA) (vothemes.com)
• Q3 2018 Earnings Estimate for Ritchie Bros. Auctioneers Incorporated Issued By KeyCorp (RBA) (americanbankingnews.com)

Ritchie Bros. Auctioneers (RBA) opened at 27.10 on Friday. The stock has a market capitalization of $2.90 billion, a P/E ratio of 58.66 and a beta of 0.55. Ritchie Bros. Auctioneers has a 1-year low of $26.68 and a 1-year high of $39.96. The stock has a 50 day moving average price of $28.18 and a 200-day moving average price of $30.79.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.01. Ritchie Bros. Auctioneers had a return on equity of 14.72% and a net margin of 8.96%. The firm had revenue of $166.20 million for the quarter, compared to the consensus estimate of $161.85 million. During the same period in the prior year, the firm earned $0.37 EPS. The firm’s revenue was up 4.7% on a year-over-year basis. Equities research analysts expect that Ritchie Bros. Auctioneers will post $1.05 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, August 25th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Wednesday, August 23rd. Ritchie Bros. Auctioneers’s payout ratio is 144.68%.

A number of research analysts recently weighed in on RBA shares. Raymond James Financial, Inc. reduced their price objective on Ritchie Bros. Auctioneers from $33.50 to $29.50 and set a “market perform” rating for the company in a research report on Tuesday, July 11th. TD Securities reissued a “sell” rating on shares of Ritchie Bros. Auctioneers in a report on Tuesday, May 9th. Zacks Investment Research lowered Ritchie Bros. Auctioneers from a “hold” rating to a “strong sell” rating in a report on Tuesday, May 9th. William Blair reissued an “outperform” rating on shares of Ritchie Bros. Auctioneers in a report on Monday, April 24th. Finally, Scotiabank reduced their target price on Ritchie Bros. Auctioneers from $39.00 to $32.00 and set an “outperform” rating for the company in a report on Monday, July 10th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $33.46.

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.