A number of research firms have changed their ratings and price targets for Ritchie Bros. Auctioneers (NYSE: RBA):
Shares of Ritchie Bros. Auctioneers Inc. (NYSE:RBA) opened at 38.15 on Friday. The firm has a market capitalization of $4.07 billion, a P/E ratio of 36.86 and a beta of 0.62. Ritchie Bros. Auctioneers Inc. has a 12 month low of $21.03 and a 12 month high of $38.49. The company has a 50 day moving average of $35.70 and a 200-day moving average of $33.51.
Ritchie Bros. Auctioneers (NYSE:RBA) last released its quarterly earnings data on Wednesday, November 9th. The company reported $0.20 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $128.90 million for the quarter, compared to analysts’ expectations of $121.06 million. Ritchie Bros. Auctioneers had a net margin of 19.91% and a return on equity of 17.38%. The business’s quarterly revenue was up 17.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.19 EPS. Analysts predict that Ritchie Bros. Auctioneers Inc. will post $1.19 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 19th. Shareholders of record on Monday, November 28th will be paid a dividend of $0.17 per share. The ex-dividend date is Wednesday, November 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 1.78%. Ritchie Bros. Auctioneers’s payout ratio is currently 66.67%.