Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) is set to issue its quarterly earnings data after the market closes on Monday, February 26th. Analysts expect the company to announce earnings of $0.21 per share for the quarter.
Shares of Ritchie Bros. Auctioneers (NYSE RBA) opened at $32.34 on Friday. Ritchie Bros. Auctioneers has a 52 week low of $24.08 and a 52 week high of $34.60. 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 firm has a market capitalization of $3,439.56, a price-to-earnings ratio of 53.02, a price-to-earnings-growth ratio of 3.37 and a beta of 0.66.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 16th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date is Thursday, February 15th. Ritchie Bros. Auctioneers’s dividend payout ratio is presently 111.48%.
In other news, insider Karl William Werner sold 5,400 shares of Ritchie Bros. Auctioneers stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $28.68, for a total transaction of $154,872.00. Following the sale, the insider now owns 5,400 shares in the company, valued at $154,872. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.39% of the stock is currently owned by insiders.
RBA has been the topic of a number of analyst reports. Oppenheimer restated a “hold” rating on shares of Ritchie Bros. Auctioneers in a research note on Monday, November 13th. Raymond James Financial cut their price target on Ritchie Bros. Auctioneers from $29.00 to $26.50 and set a “market perform” rating on the stock in a research note on Monday, November 13th. National Bank Financial cut their price target on Ritchie Bros. Auctioneers from $30.00 to $28.00 and set a “sector perform” rating on the stock in a research note on Monday, November 13th. TD Securities cut their price target on Ritchie Bros. Auctioneers from $23.00 to $22.00 and set a “reduce” rating on the stock in a research note on Monday, November 13th. Finally, Bank of America cut their price target on Ritchie Bros. Auctioneers from $22.50 to $21.50 and set an “underperform” rating on the stock in a research note on Thursday, November 16th. Four analysts have rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $31.39.
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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