FY2019 EPS Estimates for Ritchie Bros. Auctioneers Inc Boosted by Analyst (NYSE:RBA)

Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Equities research analysts at William Blair increased their FY2019 earnings per share (EPS) estimates for shares of Ritchie Bros. Auctioneers in a research note issued on Monday, November 11th. William Blair analyst L. De. Maria now anticipates that the business services provider will post earnings per share of $1.30 for the year, up from their previous estimate of $1.25. William Blair also issued estimates for Ritchie Bros. Auctioneers’ Q4 2019 earnings at $0.40 EPS and FY2020 earnings at $1.55 EPS.

Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $289.80 million during the quarter, compared to the consensus estimate of $289.55 million. Ritchie Bros. Auctioneers had a return on equity of 15.88% and a net margin of 9.90%. The firm’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.18 earnings per share.

RBA has been the subject of several other reports. Zacks Investment Research downgraded Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a report on Tuesday, October 15th. ValuEngine downgraded Ritchie Bros. Auctioneers from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. OTR Global upgraded Ritchie Bros. Auctioneers to a “positive” rating in a report on Friday, October 25th. Barrington Research restated a “hold” rating on shares of Ritchie Bros. Auctioneers in a report on Friday, November 8th. Finally, TD Securities boosted their target price on shares of Ritchie Bros. Auctioneers from $30.00 to $31.00 and gave the stock a “reduce” rating in a report on Monday. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Ritchie Bros. Auctioneers presently has an average rating of “Hold” and an average target price of $37.38.

RBA stock opened at $41.89 on Tuesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.23 and a quick ratio of 1.15. The business has a 50-day moving average price of $40.04 and a 200 day moving average price of $36.82. The company has a market capitalization of $4.47 billion, a P/E ratio of 38.79, a PEG ratio of 4.60 and a beta of 0.69. Ritchie Bros. Auctioneers has a 1-year low of $30.76 and a 1-year high of $42.97.

In other Ritchie Bros. Auctioneers news, insider Todd Donald Wohler sold 2,000 shares of the business’s stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $39.80, for a total value of $79,600.00. Following the completion of the transaction, the insider now directly owns 11,919 shares in the company, valued at $474,376.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Darren Jeffrey Watt sold 2,279 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $39.33, for a total transaction of $89,633.07. Following the completion of the transaction, the insider now owns 5,626 shares of the company’s stock, valued at $221,270.58. The disclosure for this sale can be found here. Insiders sold 8,707 shares of company stock valued at $344,867 over the last quarter. 1.60% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the business. Baillie Gifford & Co. raised its holdings in Ritchie Bros. Auctioneers by 0.5% in the second quarter. Baillie Gifford & Co. now owns 10,975,914 shares of the business services provider’s stock worth $364,827,000 after purchasing an additional 59,501 shares in the last quarter. Grandeur Peak Global Advisors LLC grew its stake in shares of Ritchie Bros. Auctioneers by 5.8% during the second quarter. Grandeur Peak Global Advisors LLC now owns 646,076 shares of the business services provider’s stock worth $21,463,000 after acquiring an additional 35,250 shares during the last quarter. Diversified Trust Co grew its stake in shares of Ritchie Bros. Auctioneers by 9.9% during the second quarter. Diversified Trust Co now owns 18,840 shares of the business services provider’s stock worth $626,000 after acquiring an additional 1,690 shares during the last quarter. Arcadia Investment Management Corp MI grew its stake in shares of Ritchie Bros. Auctioneers by 233.3% during the second quarter. Arcadia Investment Management Corp MI now owns 3,000 shares of the business services provider’s stock worth $100,000 after acquiring an additional 2,100 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its stake in shares of Ritchie Bros. Auctioneers by 51.5% during the second quarter. JPMorgan Chase & Co. now owns 283,228 shares of the business services provider’s stock worth $9,417,000 after acquiring an additional 96,251 shares during the last quarter. Institutional investors and hedge funds own 91.67% of the company’s stock.

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 (NYSE:RBA)

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