News coverage about Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) has trended somewhat positive recently, according to Accern. The research group identifies negative and positive news coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ritchie Bros. Auctioneers earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned news articles about the business services provider an impact score of 47.4280717788578 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Comparing Performant Financial (PFMT) and Ritchie Bros. Auctioneers (RBA) (americanbankingnews.com)
- Ritchie Bros. to conduct retirement auction for Mid-Ohio Contracting Inc. in Dover, OH (finance.yahoo.com)
- Ritchie Bros. Auctioneers, Inc. : RBA-US: Dividend Analysis : November 29th, 2017 (record date) : By the numbers : November 29, 2017 (finance.yahoo.com)
- Ritchie Bros. Auctioneers (RBA) versus PRA Group (PRAA) Head-To-Head Review (americanbankingnews.com)
A number of equities analysts have recently commented on the stock. Zacks Investment Research raised shares of Ritchie Bros. Auctioneers from a “sell” rating to a “hold” rating in a research report on Saturday, August 12th. Royal Bank Of Canada set a $40.00 price target on shares of Ritchie Bros. Auctioneers and gave the company a “buy” rating in a research report on Wednesday, August 9th. National Bank Financial dropped their price target on shares of Ritchie Bros. Auctioneers from $31.50 to $30.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 9th. Scotiabank lifted their price target on shares of Ritchie Bros. Auctioneers from $32.00 to $34.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Finally, TD Securities dropped their price target on shares of Ritchie Bros. Auctioneers from $27.00 to $25.00 and set a “reduce” rating on the stock in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the stock. Ritchie Bros. Auctioneers has a consensus rating of “Hold” and an average target price of $29.45.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its earnings results on Thursday, November 9th. The business services provider reported $0.09 earnings per share (EPS) for the quarter, missing the Zacks’ 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 company had revenue of $141.05 million for the quarter, compared to the consensus estimate of $139.96 million. During the same period last year, the firm posted $0.20 EPS. The company’s revenue was up 9.4% compared to the same quarter last year. equities analysts anticipate that Ritchie Bros. Auctioneers will post 0.85 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 20th. Investors of record on Wednesday, November 29th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.51%. The ex-dividend date of this dividend is Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 111.48%.
In related news, CFO Sharon Ruth Driscoll bought 1,375 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The shares were acquired at an average price of $29.77 per share, with a total value of $40,933.75. Following the completion of the transaction, the chief financial officer now owns 1,000 shares of the company’s stock, valued at approximately $29,770. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.39% of the company’s stock.
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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