Q2 2019 EPS Estimates for Ritchie Bros. Auctioneers Inc Reduced by Analyst (TSE:RBA)

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Northcoast Research reduced their Q2 2019 earnings per share estimates for shares of Ritchie Bros. Auctioneers in a report released on Tuesday, June 4th, according to Zacks Investment Research. Northcoast Research analyst J. Healy now anticipates that the company will earn $0.55 per share for the quarter, down from their previous estimate of $0.59. Northcoast Research also issued estimates for Ritchie Bros. Auctioneers’ FY2019 earnings at $1.56 EPS and FY2020 earnings at $1.98 EPS.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last released its earnings results on Thursday, May 9th. The company reported C$0.23 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.28 by C($0.05). The business had revenue of C$403.43 million during the quarter, compared to analysts’ expectations of C$377.62 million.

Separately, National Bank Financial decreased their price objective on Ritchie Bros. Auctioneers from C$37.00 to C$35.00 and set a “sector perform” rating on the stock in a report on Monday, March 4th.

RBA traded down C$0.03 during midday trading on Thursday, reaching C$43.55. The company’s stock had a trading volume of 150,700 shares, compared to its average volume of 114,838. Ritchie Bros. Auctioneers has a twelve month low of C$41.38 and a twelve month high of C$50.66. The stock has a market capitalization of $4.75 billion and a PE ratio of 38.92. The firm has a fifty day simple moving average of C$45.65. The company has a debt-to-equity ratio of 97.94, a quick ratio of 0.93 and a current ratio of 1.31.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 19th. Stockholders of record on Wednesday, May 29th were issued a dividend of $0.241 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.21%. The ex-dividend date was Tuesday, May 28th. This is a positive change from Ritchie Bros. Auctioneers’s previous quarterly dividend of $0.24. Ritchie Bros. Auctioneers’s dividend payout ratio (DPR) is presently 63.45%.

About Ritchie Bros. Auctioneers

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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