Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Research analysts at Barrington Research boosted their Q2 2018 earnings estimates for shares of Ritchie Bros. Auctioneers in a note issued to investors on Tuesday, Zacks Investment Research reports. Barrington Research analyst G. Prestopino now anticipates that the company will post earnings of $0.52 per share for the quarter, up from their previous estimate of $0.51. Barrington Research also issued estimates for Ritchie Bros. Auctioneers’ Q4 2018 earnings at $0.43 EPS and FY2018 earnings at $1.33 EPS.
Separately, National Bank Financial raised shares of Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and upped their price objective for the company from C$28.00 to C$39.00 in a research note on Monday, November 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of C$38.33.
The business also recently declared a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were paid a dividend of $0.213 per share. This represents a $0.85 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, February 15th. Ritchie Bros. Auctioneers’s dividend payout ratio is currently 88.31%.
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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.
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