Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities research analysts at KeyCorp boosted their Q4 2017 earnings per share (EPS) estimates for Ritchie Bros. Auctioneers in a research note issued to investors on Tuesday. KeyCorp analyst J. Box now anticipates that the company will earn $0.27 per share for the quarter, up from their previous forecast of $0.20. KeyCorp also issued estimates for Ritchie Bros. Auctioneers’ Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.21 EPS.
A number of other equities research analysts have also issued reports on RBA. Raymond James Financial cut their price target on shares of Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating on the stock in a report on Tuesday, October 10th. TD Securities cut their price target on shares of Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating on the stock in a report on Tuesday, October 10th. Scotiabank restated an “outperform” rating and set a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a report on Friday, October 20th. Finally, National Bank Financial upgraded shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and boosted their price target for the company from C$28.00 to C$39.00 in a report on Monday, November 20th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$38.33.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th were issued a dividend of $0.219 per share. The ex-dividend date was Tuesday, November 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. Ritchie Bros. Auctioneers’s payout ratio is currently 88.31%.
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About Ritchie Bros. Auctioneers
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.
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