Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities researchers at KeyCorp lifted their Q4 2017 earnings estimates for Ritchie Bros. Auctioneers in a research note issued to investors on Tuesday. KeyCorp analyst J. Box now expects that the company will post earnings of $0.27 per share for the quarter, up from their prior estimate of $0.20. KeyCorp also issued estimates for Ritchie Bros. Auctioneers’ Q4 2018 earnings at $0.40 EPS and FY2018 earnings at $1.21 EPS.
Several other research firms have also issued reports on RBA. TD Securities lowered their price objective on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research note on Tuesday, October 10th. Scotiabank reaffirmed an “outperform” rating and issued a C$42.50 price objective on shares of Ritchie Bros. Auctioneers in a research note on Friday, October 20th. National Bank Financial raised Ritchie Bros. Auctioneers from a “sector perform” rating to an “outperform” rating and raised their price objective for the company from C$28.00 to C$39.00 in a research note on Monday, November 20th. Finally, Raymond James Financial lowered their price objective on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research note on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of C$38.33.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Wednesday, November 29th were paid a $0.219 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.19%. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, November 28th. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 88.31%.
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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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