Ritchie Bros. Auctioneers (RBA) Stock Forecast, Price & News

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" RBA shares.
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9 Wall Street research analysts have issued 1 year target prices for Ritchie Bros. Auctioneers' shares. Their RBA share price forecasts range from $55.00 to $65.00. On average, they predict the company's stock price to reach $61.57 in the next twelve months. This suggests a possible upside of 15.3% from the stock's current price.
View analysts price targets for RBA or view top-rated stocks among Wall Street analysts.

Ritchie Bros. Auctioneers' stock was trading at $57.83 at the start of the year. Since then, RBA shares have decreased by 7.7% and is now trading at $53.38.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, August 3rd 2023.
View our RBA earnings forecast.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) posted its quarterly earnings results on Tuesday, February, 21st. The business services provider reported $0.60 EPS for the quarter, topping the consensus estimate of $0.50 by $0.10. The business services provider had revenue of $443.86 million for the quarter, compared to the consensus estimate of $430.21 million. Ritchie Bros. Auctioneers had a net margin of 6.13% and a trailing twelve-month return on equity of 5.25%. The business's revenue was up 23.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.27 earnings per share.

Ritchie Bros. Auctioneers announced a quarterly dividend on Wednesday, May 10th. Investors of record on Tuesday, May 30th will be given a dividend of $0.27 per share on Tuesday, June 20th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date of this dividend is Friday, May 26th.
Read our dividend analysis for RBA.

ETFs with the largest weight of Ritchie Bros. Auctioneers (NYSE:RBA) stock in their portfolio include iShares MSCI Canada ETF (EWC), iShares U.S. Consumer Discretionary ETF (IYC) and iShares International Dividend Growth ETF (IGRO).iShares U.S. Consumer Focused ETF (IEDI).

Ritchie Bros. Auctioneers (NYSE:RBA) pays an annual dividend of $1.08 per share and currently has a dividend yield of 1.92%. The company has been increasing its dividend for 5 consecutive years, indicating the company has a new, but growing committment to grow its dividend. The dividend payout ratio is 110.20%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, RBA will have a dividend payout ratio of 44.08% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RBA.

34 employees have rated Ritchie Bros. Auctioneers Chief Executive Officer Ann Fandozzi on Glassdoor.com. Ann Fandozzi has an approval rating of 94% among the company's employees. This puts Ann Fandozzi in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Ritchie Bros. Auctioneers investors own include SFL (SFL), Verizon Communications (VZ), Advanced Micro Devices (AMD), Target (TGT), Taiwan Semiconductor Manufacturing (TSM), Home Depot (HD), Pfizer (PFE), QUALCOMM (QCOM), Raytheon Technologies (RTX) and Xilinx (XLNX).

Ritchie Bros. Auctioneers trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBA."

Ritchie Bros. Auctioneers' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Independent Franchise Partners LLP (13.36%), ArrowMark Colorado Holdings LLC (3.91%), Riverbridge Partners LLC (3.58%), Eagle Asset Management Inc. (3.28%), Cooke & Bieler LP (3.16%) and Boston Partners (3.14%). Insiders that own company stock include Adam Dewitt, Ann Fandozzi, Christopher Zimmerman, Darren Jeffrey Watt, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, Matthew Ackley, Robert George Elton and Sharon Ruth Driscoll.
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Shares of RBA stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of RBA stock can currently be purchased for approximately $53.38.

Ritchie Bros. Auctioneers (NYSE:RBA) has a market capitalization of $9.71 billion and generates $1.85 billion in revenue each year. The business services provider earns $319.66 million in net income (profit) each year or $0.98 on an earnings per share basis.

The company employs 2,800 workers across the globe.

Ritchie Bros. Auctioneers' mailing address is 9500 GLENLYON PARKWAY, BURNABY A1, V5J 0C6. The official website for the company is www.rbauction.com. The business services provider can be reached via phone at (708) 492-7000, via email at ir@rbauction.com, or via fax at 778-331-5501.