Brokerages expect Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) to announce $0.44 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Ritchie Bros. Auctioneers’ earnings. The lowest EPS estimate is $0.41 and the highest is $0.49. Ritchie Bros. Auctioneers reported earnings per share of $0.42 in the same quarter last year, which would suggest a positive year-over-year growth rate of 4.8%. The company is expected to issue its next earnings report on Thursday, August 8th.
On average, analysts expect that Ritchie Bros. Auctioneers will report full-year earnings of $1.24 per share for the current year, with EPS estimates ranging from $1.15 to $1.44. For the next fiscal year, analysts anticipate that the business will report earnings of $1.48 per share, with EPS estimates ranging from $1.35 to $1.68. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that follow Ritchie Bros. Auctioneers.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last posted its earnings results on Thursday, May 9th. The business services provider reported $0.17 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.04). Ritchie Bros. Auctioneers had a return on equity of 14.47% and a net margin of 10.10%. The business had revenue of $303.40 million for the quarter, compared to analyst estimates of $268.69 million. During the same quarter in the prior year, the business earned $0.16 earnings per share. The firm’s quarterly revenue was up 16.6% on a year-over-year basis.
NYSE:RBA traded up $0.03 during mid-day trading on Thursday, hitting $33.82. 149,105 shares of the company’s stock were exchanged, compared to its average volume of 337,787. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.30 and a quick ratio of 1.16. Ritchie Bros. Auctioneers has a fifty-two week low of $30.76 and a fifty-two week high of $38.77. The company has a market cap of $3.62 billion, a PE ratio of 31.31, a P/E/G ratio of 3.78 and a beta of 0.80.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th will be given a $0.18 dividend. The ex-dividend date of this dividend is Tuesday, May 28th. This represents a $0.72 dividend on an annualized basis and a dividend yield of 2.13%. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is currently 66.67%.
Several hedge funds and other institutional investors have recently modified their holdings of RBA. Manchester Capital Management LLC acquired a new position in shares of Ritchie Bros. Auctioneers in the 1st quarter worth approximately $34,000. Beutel Goodman & Co Ltd. acquired a new position in shares of Ritchie Bros. Auctioneers in the 1st quarter worth approximately $41,000. Brand Asset Management Group Inc. acquired a new position in shares of Ritchie Bros. Auctioneers in the 1st quarter worth approximately $54,000. Bremer Bank National Association acquired a new position in shares of Ritchie Bros. Auctioneers in the 1st quarter worth approximately $61,000. Finally, Icon Wealth Partners LLC acquired a new position in shares of Ritchie Bros. Auctioneers in the 1st quarter worth approximately $66,000. Hedge funds and other institutional investors own 89.82% 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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