Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Research analysts at Northcoast Research increased their FY2018 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a report released on Wednesday. Northcoast Research analyst J. Healy now anticipates that the company will post earnings per share of $1.26 for the year, up from their prior forecast of $1.25.

RBA has been the subject of several other reports. National Bank Financial upgraded Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and boosted their target price for the stock from C$28.00 to C$39.00 in a research report on Monday, November 20th. Scotiabank restated an “outperform” rating and set a C$42.50 target price on shares of Ritchie Bros. Auctioneers in a research report on Friday, October 20th. TD Securities decreased their target price on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research report on Tuesday, October 10th. Finally, Raymond James Financial decreased their target price on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research report on Tuesday, October 10th. 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 company’s stock. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and a consensus price target of C$38.33.

Shares of Ritchie Bros. Auctioneers (RBA) opened at C$38.87 on Friday. The firm has a market capitalization of $4,160.00, a PE ratio of 51.14 and a beta of 0.26. Ritchie Bros. Auctioneers has a twelve month low of C$30.63 and a twelve month high of C$46.32.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th were given a $0.219 dividend. The ex-dividend date of this dividend was Tuesday, November 28th. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. This represents a $0.88 annualized dividend and a dividend yield of 2.25%. Ritchie Bros. Auctioneers’s payout ratio is currently 89.47%.

WARNING: “Northcoast Research Comments on Ritchie Bros. Auctioneers Inc’s FY2018 Earnings (RBA)” was first reported by Marea Informative and is owned by of Marea Informative. If you are accessing this article on another website, it was copied illegally and reposted in violation of United States and international copyright and trademark law. The original version of this article can be viewed at https://www.mareainformativa.com/2018/01/06/northcoast-research-comments-on-ritchie-bros-auctioneers-incs-fy2018-earnings-rba.html.

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.

Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.