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.
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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