About Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
Ritchie Bros Auctioneers Inc is a Canada-based holding company. The Company is an industrial auctioneer and used equipment distributor, selling used equipment and other assets. Its segments include Core Auction, which is a network of auction locations that conduct live, unreserved auctions with both on-site and online bidding, and Other, which includes its EquipmentOne and Mascus International Holding B.V. (Mascus) online services. EquipmentOne is an online marketplace that equipment sellers can navigate independently. EquipmentOne facilitates the completion of sales through a settlement process managed by EquipmentOne that protects both the seller and the buyer. Mascus is an online equipment listing service for used heavy machinery and trucks. It offers subscriptions to equipment dealers, brokers, exporters and equipment manufacturers to list equipment available for sale at a listed price. The Company, through Mascus, provides online advertising services, business tools and solutions.
Industry, Sector and Symbol:
- Sector: Business Services
- Industry: Business Support Services
- Sub-Industry: N/A
- Symbol: NYSE:RBA
- CUSIP: N/A
- Web: www.rbauction.com
- Market Cap: $3.07915 billion
- Outstanding Shares: 107,101,000
- 50 Day Moving Avg: $29.88
- 200 Day Moving Avg: $29.87
- 52 Week Range: $26.68 - $39.96
Sales & Book Value:
- Trailing P/E Ratio: 62.64
- Foreward P/E Ratio: 25.90
- P/E Growth: 2.91
- Annual Revenue: $566.33 million
- Price / Sales: 5.44
- Book Value: $6.65 per share
- Price / Book: 4.32
- Annual Dividend: $0.68
- Dividend Yield: 2.4%
- EBITDA: $203.46 million
- Net Margins: 8.96%
- Return on Equity: 14.72%
- Return on Assets: 6.14%
- Debt-to-Equity Ratio: 1.11%
- Current Ratio: 1.24%
- Quick Ratio: 1.18%
- Average Volume: 650,217 shs.
- Beta: 0.57
- Short Ratio: 14.08
Frequently Asked Questions for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
What is Ritchie Bros. Auctioneers Incorporated's stock symbol?
Ritchie Bros. Auctioneers Incorporated trades on the New York Stock Exchange (NYSE) under the ticker symbol "RBA."
How often does Ritchie Bros. Auctioneers Incorporated pay dividends? What is the dividend yield for Ritchie Bros. Auctioneers Incorporated?
Ritchie Bros. Auctioneers Incorporated announced a quarterly dividend on Tuesday, August 8th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.17 per share on Friday, September 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Wednesday, August 23rd. View Ritchie Bros. Auctioneers Incorporated's Dividend History.
How were Ritchie Bros. Auctioneers Incorporated's earnings last quarter?
Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) announced its quarterly earnings results on Tuesday, August, 8th. The company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.01. The business earned $166.20 million during the quarter, compared to the consensus estimate of $161.85 million. Ritchie Bros. Auctioneers Incorporated had a return on equity of 14.72% and a net margin of 8.96%. The company's revenue was up 4.7% on a year-over-year basis. During the same period last year, the company earned $0.37 earnings per share. View Ritchie Bros. Auctioneers Incorporated's Earnings History.
When will Ritchie Bros. Auctioneers Incorporated make its next earnings announcement?
Where is Ritchie Bros. Auctioneers Incorporated's stock going? Where will Ritchie Bros. Auctioneers Incorporated's stock price be in 2017?
11 brokerages have issued 12-month price targets for Ritchie Bros. Auctioneers Incorporated's shares. Their predictions range from $23.00 to $40.00. On average, they anticipate Ritchie Bros. Auctioneers Incorporated's share price to reach $30.67 in the next year. View Analyst Ratings for Ritchie Bros. Auctioneers Incorporated.
What are analysts saying about Ritchie Bros. Auctioneers Incorporated stock?
Here are some recent quotes from research analysts about Ritchie Bros. Auctioneers Incorporated stock:
- 1. 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. " (10/11/2017)
- 2. TD Securities analysts commented, "We have only trimmed our estimates, but highlight that the large number of earnings adjustments, and minimal guidance regarding the IronPlanet deal’s expected EPS accretion increase forecasting risk, in our view. We have a positive view of Ritchie Bros.’ franchise, which should be enhanced by the IronPlanet acquisition; however, we are concerned that, after benefiting from significant de-fleeting activity in 2015/2016 following the commodity price collapse, Ritchie Bros. (and likely also IronPlanet) now faces a growth headwind as equipment supply/demand has become more balanced. 45 45 40 40 35 35 30 30 25 25 20 20 May-17 Mar-17 Jan-17 Nov-16 Sep-16 Jul-16 RBA-N: Price Company Profile Ritchie Bros." (5/9/2017)
Who are some of Ritchie Bros. Auctioneers Incorporated's key competitors?
Some companies that are related to Ritchie Bros. Auctioneers Incorporated include Rentokil Initial plc (RTO), Genpact Limited (G), Brink's Company (The) (BCO), G4S plc (GFS), Maximus (MMS), Capita PLC (CPI), Unifirst Corporation (UNF), WageWorks (WAGE), Nelnet (NNI), Aggreko plc (AGK), Lifelock (LOCK), The Advisory Board Company (ABCO), Berendsen PLC (BRSN), ExlService Holdings (EXLS), Brady Corp (BRC), Exponent (EXPO), PRA Group (PRAA) and Serco Group plc (SRP).
Who are Ritchie Bros. Auctioneers Incorporated's key executives?
Ritchie Bros. Auctioneers Incorporated's management team includes the folowing people:
- Beverley Anne Briscoe, Independent Chairman of the Board
- Ravichandra K. Saligram, Chief Executive Officer, Interim President, United States and Latin America, Director
- Sharon R. Driscoll, Chief Financial Officer
- James Barr IV, Group President - Emerging Businesses, Brand Innovation and Technology Services
- Randall James Wall, President, Canada
- Karl William Werner, President - International
- Todd Donald Wohler, Chief Human Resource Officer
- Kieran C. Holm, Senior Vice President - Operational Excellence & Efficiencies
- Doug Olive, Senior Vice President, Pricing & Appraisals
- Marianne Marck, Chief Information Officer
Who owns Ritchie Bros. Auctioneers Incorporated stock?
Ritchie Bros. Auctioneers Incorporated's stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Shell Asset Management Co. (0.02%). Company insiders that own Ritchie Bros. Auctioneers Incorporated stock include Douglas William Olive, Edward Baltazar Pitoniak, Jeroen Laurentius Johanus Rijk, Karl William Werner, Robert Alastair Mcleod and Sharon Ruth Driscoll. View Institutional Ownership Trends for Ritchie Bros. Auctioneers Incorporated.
Who bought Ritchie Bros. Auctioneers Incorporated stock? Who is buying Ritchie Bros. Auctioneers Incorporated stock?
Ritchie Bros. Auctioneers Incorporated's stock was purchased by a variety of institutional investors in the last quarter, including Shell Asset Management Co.. Company insiders that have bought Ritchie Bros. Auctioneers Incorporated stock in the last two years include Edward Baltazar Pitoniak and Sharon Ruth Driscoll. View Insider Buying and Selling for Ritchie Bros. Auctioneers Incorporated.
How do I buy Ritchie Bros. Auctioneers Incorporated stock?
Shares of Ritchie Bros. Auctioneers Incorporated can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Ritchie Bros. Auctioneers Incorporated's stock price today?
MarketBeat Community Rating for Ritchie Bros. Auctioneers Incorporated (NYSE RBA)MarketBeat's community ratings are surveys of what our community members think about Ritchie Bros. Auctioneers Incorporated and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
One share of Ritchie Bros. Auctioneers Incorporated stock can currently be purchased for approximately $28.75.
Consensus Ratings for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) (How are Consensus Ratings Calculated?)
MarketBeat calculates consensus ratings using the most recent rating from each brokerage that has rated a stock within the last twelve months. Since brokers often use different ratings systems, each rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings. Each stock's consensus rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months.
MarketBeat will no longer include ratings and price target data in its consensus calculation if a broker drops coverage and MarketBeat has received a report that coverage was dropped. Ratings from certain research firms that issue ratings using purely quantitative methods (such as Zacks, Vetr and ValuEngine) are not included in consensus calculations. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
|Ratings Breakdown: ||2 Sell Ratings, 5 Hold Ratings, 4 Buy Ratings|
|Consensus Rating:||Hold (Score: 2.18)|
|Consensus Price Target: ||$30.67 (6.67% upside)|Consensus Price Target History for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
Analysts' Ratings History for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
(Data available from 10/23/2015 forward)
|Date||Firm||Action||Rating||Price Target||Impact on Share Price||Details|
|10/20/2017||Scotiabank||Set Price Target||Outperform||$34.00||N/A|
|10/10/2017||Jefferies Group LLC||Reiterated Rating||Hold||$29.00 -> $26.00||N/A|
|10/10/2017||TD Securities||Lower Price Target||Reduce||$25.00 -> $23.00||N/A|
|10/10/2017||Raymond James Financial, Inc.||Lower Price Target||Market Perform||$29.50 -> $29.00||N/A|
|9/12/2017||Robert W. Baird||Reiterated Rating||Buy||$33.00||Low|
|8/9/2017||National Bank Financial||Lower Price Target||Sector Perform||$31.50 -> $30.00||Low|
|8/9/2017||Royal Bank Of Canada||Set Price Target||Buy||$40.00||High|
|7/10/2017||CIBC||Downgrade||Sector Outperform -> Sector Perform||$28.00||High|
|4/24/2017||William Blair||Reiterated Rating||Outperform||Low|
|1/13/2017||Bank of America Corporation||Downgrade||Neutral -> Underperform||N/A|
|1/13/2017||BMO Capital Markets||Lower Price Target||Market Perform||$38.00 -> $33.00||N/A|
|8/15/2016||KeyCorp||Upgrade||Sector Weight -> Overweight||$34.00||N/A|
|7/22/2016||OTR Global||Reiterated Rating||Mixed -> Negative||N/A|
|1/14/2016||Canaccord Genuity||Reiterated Rating||Buy||$32.00 -> $28.00||N/A|
|12/29/2015||Oppenheimer Holdings, Inc.||Reiterated Rating||Hold||N/A|
Earnings History for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)Earnings History by Quarter for Ritchie Bros. Auctioneers Incorporated (NYSE RBA)
(Data available from 1/1/2011 forward)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|11/8/2017|| || || || || || || || |
|8/8/2017||6/30/2017||$0.32||$0.33||$161.85 million||$166.20 million||View||Listen|
|2/21/2017||Q416||$0.27||$0.30||$133.92 million||$146.80 million||View||Listen|
|11/9/2016||Q316||$0.21||$0.20||$121.06 million||$128.90 million||View||Listen|
|8/9/2016||Q216||$0.44||$0.37||$160.96 million||$158.80 million||View||N/A|
|5/9/2016||Q116||$0.21||$0.27||$116.02 million||$131.90 million||View||N/A|
|2/25/2016||Q415||$0.32||$0.29||$137.55 million||$135.50 million||View||Listen|
|11/5/2015||Q315||$0.15||$0.19||$107.17 million||$109.30 million||View||N/A|
|8/6/2015||Q215||$0.37||$0.43||$147.49 million||$155.50 million||View||N/A|
|5/7/2015||Q414||$0.15||$0.22||$108.30 million||$115.60 million||View||N/A|
|2/27/2015||Q414||$0.31||$0.31||$137.90 million||$138.50 million||View||N/A|
|11/4/2014||Q314||$0.13||$0.13||$101.47 million||$102.20 million||View||N/A|
|8/5/2014||Q214||$0.34||$0.36||$140.92 million||$141.84 million||View||N/A|
|5/5/2014||Q114||$0.13||$0.13||$101.56 million||$98.60 million||View||N/A|
|3/3/2014||Q413||$0.26||$0.28||$127.09 million||$131.20 million||View||N/A|
|11/5/2013||Q313||$0.11||$0.15||$93.40 million||$105.80 million||View||N/A|
|8/6/2013||Q213||$0.27||$0.28||$125.20 million||$128.32 million||View||N/A|
|4/30/2013||Q113||$0.15||$0.13||$100.37 million||$102.06 million||View||N/A|
|2/26/2013||Q412||$0.23||$0.21||$114.44 million||$117.10 million||View||N/A|
|10/30/2012||Q312||$0.11||$0.11||$93.74 million||$92.30 million||View||N/A|
Earnings Estimates for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
2017 EPS Consensus Estimate: $1.00
2018 EPS Consensus Estimate: $1.14
(Data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Current Dividend Information for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
|Most Recent Dividend:||9/15/2017|
|Dividend Growth:||9.30% (3 Year Average)|
|Payout Ratio:||144.68% (Trailing 12 Months of Earnings) |
74.73% (Based on This Year's Estimates)
61.26% (Based on Next Year's Estimates)
|Track Record:||14 Years of Consecutive Dividend Growth|
Dividend History by Quarter for Ritchie Bros. Auctioneers Incorporated (NYSE RBA)
(Data available from 1/1/2013 forward)
|Announced||Period||Amount||Yield||Ex-Dividend Date||Record Date||Payable Date|
Insider Trading and Institutional Ownership History for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
Insider Ownership Percentage: 0.39%Insider Trades by Quarter for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
Institutional Ownership Percentage: 96.17%
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Details|
|9/7/2017||Sharon Ruth Driscoll||CFO||Buy||1,375||$29.77||$40,933.75|| |
|8/25/2017||Sharon Ruth Driscoll||CFO||Buy||1,000||$28.59||$28,590.00|| |
|12/6/2016||Douglas William Olive||VP||Sell||5,400||$37.75||$203,850.00|| |
|9/16/2016||Jeroen Laurentius Johanus Rijk||VP||Sell||6,600||$34.00||$224,400.00|| |
|3/11/2016||Robert Alastair Mcleod||Insider||Sell||10,088||$24.50||$247,156.00|| |
|3/9/2016||Karl William Werner||Insider||Sell||19,300||$25.12||$484,816.00|| |
|3/8/2016||Robert Alastair Mcleod||Insider||Sell||11,200||$25.31||$283,472.00|| |
|3/4/2016||Edward Baltazar Pitoniak||Director||Buy||100||$24.44||$2,444.00|| |
Headline Trends for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
Latest Headlines for Ritchie Bros. Auctioneers Incorporated (NYSE:RBA)
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Ritchie Bros. Auctioneers Incorporated (RBA) Chart for Monday, October, 23, 2017