Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Research analysts at Northcoast Research raised their FY2018 earnings per share estimates for Ritchie Bros. Auctioneers in a note issued to investors on Wednesday, according to Zacks Investment Research. Northcoast Research analyst J. Healy now expects that the business services provider will earn $1.01 per share for the year, up from their previous estimate of $0.98.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its quarterly earnings data on Thursday, November 9th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.05). Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The business had revenue of $141.05 million for the quarter, compared to analysts’ expectations of $139.96 million. During the same quarter in the prior year, the firm earned $0.20 earnings per share. Ritchie Bros. Auctioneers’s revenue for the quarter was up 9.4% compared to the same quarter last year.

Other equities research analysts also recently issued reports about the company. TD Securities boosted their price target on Ritchie Bros. Auctioneers from $22.00 to $25.00 and gave the company a “reduce” rating in a report on Wednesday, January 10th. National Bank Financial boosted their price objective on Ritchie Bros. Auctioneers from $30.50 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. Scotiabank boosted their price objective on Ritchie Bros. Auctioneers from $29.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, January 10th. Jefferies Group restated a “hold” rating and set a $26.00 price objective (down previously from $29.00) on shares of Ritchie Bros. Auctioneers in a research report on Tuesday, October 10th. Finally, Raymond James Financial reduced their price objective on Ritchie Bros. Auctioneers from $29.50 to $29.00 and set a “market perform” rating for the company in a research report on Tuesday, October 10th. Four research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and an average target price of $30.44.

Shares of Ritchie Bros. Auctioneers (NYSE RBA) traded down $0.07 during midday trading on Friday, hitting $32.51. The stock had a trading volume of 258,644 shares, compared to its average volume of 532,997. Ritchie Bros. Auctioneers has a 1-year low of $24.08 and a 1-year high of $35.21. The company has a quick ratio of 1.11, a current ratio of 1.20 and a debt-to-equity ratio of 1.11. The company has a market cap of $3,490.00, a P/E ratio of 53.30, a price-to-earnings-growth ratio of 3.50 and a beta of 0.63.

Several institutional investors have recently made changes to their positions in RBA. Janus Henderson Group PLC acquired a new stake in shares of Ritchie Bros. Auctioneers in the second quarter valued at $175,728,000. Riverbridge Partners LLC lifted its holdings in shares of Ritchie Bros. Auctioneers by 44.2% in the fourth quarter. Riverbridge Partners LLC now owns 4,953,033 shares of the business services provider’s stock valued at $148,244,000 after buying an additional 1,517,172 shares during the period. Mondrian Investment Partners LTD lifted its holdings in shares of Ritchie Bros. Auctioneers by 35.9% in the third quarter. Mondrian Investment Partners LTD now owns 3,763,686 shares of the business services provider’s stock valued at $148,477,000 after buying an additional 994,240 shares during the period. Ameriprise Financial Inc. raised its position in shares of Ritchie Bros. Auctioneers by 148.2% during the second quarter. Ameriprise Financial Inc. now owns 1,256,159 shares of the business services provider’s stock worth $35,631,000 after purchasing an additional 750,038 shares during the period. Finally, Marathon Asset Management LLP raised its position in shares of Ritchie Bros. Auctioneers by 54.9% during the third quarter. Marathon Asset Management LLP now owns 1,796,051 shares of the business services provider’s stock worth $56,645,000 after purchasing an additional 636,529 shares during the period. Institutional investors and hedge funds own 96.55% of the company’s stock.

In other Ritchie Bros. Auctioneers news, insider Karl William Werner sold 5,400 shares of the business’s stock in a transaction on Friday, December 8th. The stock was sold at an average price of $28.68, for a total transaction of $154,872.00. Following the completion of the transaction, the insider now owns 5,400 shares in the company, valued at approximately $154,872. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.39% of the company’s stock.

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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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Earnings History and Estimates for Ritchie Bros. Auctioneers (NYSE:RBA)

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