FY2019 Earnings Estimate for Ritchie Bros. Auctioneers Inc (TSE:RBA) Issued By Raymond James

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities research analysts at Raymond James upped their FY2019 earnings per share (EPS) estimates for Ritchie Bros. Auctioneers in a note issued to investors on Monday, November 11th. Raymond James analyst B. Cherniavsky now anticipates that the company will post earnings per share of $1.70 for the year, up from their previous forecast of $1.60. Raymond James also issued estimates for Ritchie Bros. Auctioneers’ Q4 2019 earnings at $0.53 EPS and FY2020 earnings at $1.91 EPS.

Separately, National Bank Financial downgraded Ritchie Bros. Auctioneers from a “sector perform under weight” rating to an “underperform underweight” rating in a research report on Friday.

TSE:RBA opened at C$55.46 on Tuesday. Ritchie Bros. Auctioneers has a twelve month low of C$41.89 and a twelve month high of C$56.84. The company has a quick ratio of 0.84, a current ratio of 1.24 and a debt-to-equity ratio of 102.05. The business has a 50 day moving average price of C$52.75 and a two-hundred day moving average price of C$48.77. The company has a market cap of $5.65 billion and a P/E ratio of 46.61.

Ritchie Bros. Auctioneers Company Profile

Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved live on site auctions, online marketplaces, listing services, and private brokerage services. The company sells a range of used and unused equipment, including earthmoving equipment, truck trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery.

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

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