Ritchie Bros. Auctioneers Incorporated, an asset management and disposition company, sells industrial equipment and other durable assets through its unreserved 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. It also provides auction technology services for online bidding at live on site auctions. The company primarily sells equipment to its customers through unreserved auctions at 45 auction sites worldwide. Ritchie Bros. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Business services, not elsewhere classified
Sub-IndustryN/A
SectorBusiness Services
SymbolNYSE:RBA
CUSIPN/A
Phone778-331-5500
Debt
Debt-to-Equity Ratio0.94
Current Ratio1.26
Quick Ratio1.13
Price-To-Earnings
Trailing P/E Ratio47.26
Forward P/E Ratio35.35
P/E Growth2.74
Sales & Book Value
Annual Sales$610.52 million
Price / Sales6.83
Cash Flow$1.3277 per share
Price / Cash29.02
Book Value$7.03 per share
Price / Book5.48
Profitability
EPS (Most Recent Fiscal Year)$0.81
Net Income$75.02 million
Net Margins12.36%
Return on Equity13.42%
Return on Assets4.84%
Miscellaneous
Employees2,100
Outstanding Shares108,210,000
Market Cap$4.11 billion
Ritchie Bros. Auctioneers (NYSE:RBA) Frequently Asked Questions
What is Ritchie Bros. Auctioneers' stock symbol?
Ritchie Bros. Auctioneers trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBA."
How often does Ritchie Bros. Auctioneers pay dividends? What is the dividend yield for Ritchie Bros. Auctioneers?
Ritchie Bros. Auctioneers announced a quarterly dividend on Thursday, August 9th. Stockholders of record on Wednesday, August 29th will be paid a dividend of $0.18 per share on Wednesday, September 19th. This represents a $0.72 annualized dividend and a dividend yield of 1.87%. The ex-dividend date of this dividend is Tuesday, August 28th. This is a boost from Ritchie Bros. Auctioneers's previous quarterly dividend of $0.17. View Ritchie Bros. Auctioneers' Dividend History.
How were Ritchie Bros. Auctioneers' earnings last quarter?
Ritchie Bros. Auctioneers Inc (NYSE:RBA) announced its earnings results on Thursday, August, 9th. The business services provider reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.06. The business services provider had revenue of $206.80 million for the quarter, compared to analysts' expectations of $225.52 million. Ritchie Bros. Auctioneers had a return on equity of 13.42% and a net margin of 12.36%. The firm's revenue was up 24.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. View Ritchie Bros. Auctioneers' Earnings History.
When is Ritchie Bros. Auctioneers' next earnings date?
What price target have analysts set for RBA?
12 Wall Street analysts have issued 1 year target prices for Ritchie Bros. Auctioneers' shares. Their forecasts range from $28.00 to $39.00. On average, they expect Ritchie Bros. Auctioneers' share price to reach $34.1250 in the next twelve months. This suggests that the stock has a possible downside of 11.4%. View Analyst Price Targets for Ritchie Bros. Auctioneers.
What is the consensus analysts' recommendation for Ritchie Bros. Auctioneers?
12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last year. There are currently 2 sell ratings, 9 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Ritchie Bros. Auctioneers.
What are Wall Street analysts saying about Ritchie Bros. Auctioneers stock?
Here are some recent quotes from research analysts about Ritchie Bros. Auctioneers stock:
- 1. Barrington Research analysts commented, "We have a MARKET PERFORM investment rating on the shares. Company Description Ritchie Bros. Auctioneers, Inc. is an industrial auctioneer, which engages in the sale of equipment to on-site and online bidders. It operates through the following segments: Ritchie Bros. Financial Services, and Mascus. Marketplaces segment consists of live on site auctions, online auctions and marketplaces, and brokerage service. The Ritchie Bros." (8/13/2018)
- 2. According to Zacks Investment Research, "Ritchie Bros. Auctioneers conduct unreserved public auctions every year at locations throughout North and Central America, Europe, Asia, Australia, Africa and the Middle East. The company is known for their innovative auction methods, attention to detail and their total commitment to the unreserved auction. The confidence this gives their customers has enabled Ritchie Bros. to become one of the largest industrial auctioneer in the world. " (8/11/2018)
Who are some of Ritchie Bros. Auctioneers' key competitors?
Some companies that are related to Ritchie Bros. Auctioneers include CoStar Group (CSGP), Broadridge Financial Solutions (BR), Msci (MSCI), Mercadolibre (MELI), Alliance Data Systems (ADS), Akamai Technologies (AKAM), GrubHub (GRUB), CIELO S A/S (CIOXY), Zillow Group Inc Class C (Z), Zillow Group Inc Class A (ZG), Nielsen (NLSN), The Western Union (WU), CDK Global (CDK), WEX (WEX) and Fair Isaac (FICO).
Who are Ritchie Bros. Auctioneers' key executives?
Ritchie Bros. Auctioneers' management team includes the folowing people:
- Mr. Ravichandra K. Saligram, CEO, Interim Pres of the United States & Latin America & Non Independent Director (Age 61)
- Ms. Sharon R. Driscoll, Chief Financial Officer (Age 56)
- Ms. Marianne Marck, Chief Information Technology Officer (Age 58)
- Mr. James J. Jeter, Pres of Sales U.S (Age 59)
- Mr. David E. Ritchie, Founder and Chairman Emeritus
Has Ritchie Bros. Auctioneers been receiving favorable news coverage?
Media coverage about RBA stock has trended somewhat positive on Wednesday, Accern reports. The research group ranks the sentiment of news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ritchie Bros. Auctioneers earned a news impact score of 0.15 on Accern's scale. They also assigned press coverage about the business services provider an impact score of 47.31 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock's share price in the next few days. View Recent Headlines for Ritchie Bros. Auctioneers.
Who are Ritchie Bros. Auctioneers' major shareholders?
Ritchie Bros. Auctioneers' stock is owned by many different of institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (10.41%), Massachusetts Financial Services Co. MA (7.06%), Janus Henderson Group PLC (5.84%), Riverbridge Partners LLC (4.50%), Mondrian Investment Partners LTD (3.13%) and Burgundy Asset Management Ltd. (2.55%). Company insiders that own Ritchie Bros. Auctioneers stock include Darren Jeffrey Watt, Douglas William Olive, Jeroen Laurentius Johanus Rijk, Karl William Werner and Sharon Ruth Driscoll. View Institutional Ownership Trends for Ritchie Bros. Auctioneers.
Which major investors are selling Ritchie Bros. Auctioneers stock?
RBA stock was sold by a variety of institutional investors in the last quarter, including Burgundy Asset Management Ltd., Citadel Advisors LLC, Riverbridge Partners LLC, FMR LLC, TD Asset Management Inc., Standard Life Aberdeen plc, Cambiar Investors LLC and Russell Investments Group Ltd.. Company insiders that have sold Ritchie Bros. Auctioneers company stock in the last year include Darren Jeffrey Watt and Karl William Werner. View Insider Buying and Selling for Ritchie Bros. Auctioneers.
Which major investors are buying Ritchie Bros. Auctioneers stock?
RBA stock was purchased by a variety of institutional investors in the last quarter, including Fiera Capital Corp, Massachusetts Financial Services Co. MA, Grandeur Peak Global Advisors LLC, Eagle Asset Management Inc., Baillie Gifford & Co., Carillon Tower Advisers Inc., Point72 Asset Management L.P. and Janus Henderson Group PLC. View Insider Buying and Selling for Ritchie Bros. Auctioneers.
How do I buy shares of Ritchie Bros. Auctioneers?
Shares of RBA can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ritchie Bros. Auctioneers' stock price today?
One share of RBA stock can currently be purchased for approximately $38.53.
How big of a company is Ritchie Bros. Auctioneers?
Ritchie Bros. Auctioneers has a market capitalization of $4.11 billion and generates $610.52 million in revenue each year. The business services provider earns $75.02 million in net income (profit) each year or $0.81 on an earnings per share basis. Ritchie Bros. Auctioneers employs 2,100 workers across the globe.
How can I contact Ritchie Bros. Auctioneers?
Ritchie Bros. Auctioneers' mailing address is 9500 GLENLYON PARKWAY, BURNABY A1, V5J 0C6. The business services provider can be reached via phone at 778-331-5500 or via email at [email protected]
MarketBeat Community Rating for Ritchie Bros. Auctioneers (NYSE RBA)
MarketBeat's community ratings are surveys of what our community members think about Ritchie Bros. Auctioneers and other stocks. Vote "Outperform" if you believe RBA will outperform the S&P 500 over the long term. Vote "Underperform" if you believe RBA will underperform the S&P 500 over the long term. You may vote once every thirty days.
