Ritchie Bros. Auctioneers - RBA Stock Forecast, Price & News

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last year. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" RBA shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in RBA, but not buy additional shares or sell existing shares.
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8 analysts have issued 1 year price targets for Ritchie Bros. Auctioneers' shares. Their RBA share price forecasts range from $56.00 to $75.00. On average, they predict the company's share price to reach $64.00 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
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Ritchie Bros. Auctioneers' stock was trading at $61.21 at the beginning of the year. Since then, RBA stock has increased by 16.1% and is now trading at $71.09.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
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Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) released its quarterly earnings results on Thursday, November, 4th. The business services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.32 by $0.12. The business services provider earned $329.70 million during the quarter, compared to analysts' expectations of $324.38 million. Ritchie Bros. Auctioneers had a trailing twelve-month return on equity of 27.06% and a net margin of 18.78%. The business's revenue was down .5% on a year-over-year basis. During the same period in the previous year, the company earned $0.44 EPS.

Ritchie Bros. Auctioneers declared a quarterly dividend on Wednesday, August 3rd. Stockholders of record on Wednesday, August 24th will be paid a dividend of $0.27 per share on Wednesday, September 14th. This represents a $1.08 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date is Tuesday, August 23rd. This is a positive change from the stock's previous quarterly dividend of $0.25.
Read our dividend analysis for RBA.

Ritchie Bros. Auctioneers (NYSE:RBA) pays an annual dividend of $1.00 per share and currently has a dividend yield of 1.41%. 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 37.88%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RBA will have a dividend payout ratio of 47.85% 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 variety of institutional and retail investors. Top institutional investors include Massachusetts Financial Services Co. MA (6.75%), Riverbridge Partners LLC (4.08%), Eagle Asset Management Inc. (2.93%), Baillie Gifford & Co. (2.48%), Jarislowsky Fraser Ltd (2.42%) and Fiera Capital Corp (2.30%). Insiders that own company stock include Ann Fandozzi, Christopher Zimmerman, Darren Jeffrey Watt, Darren Jeffrey Watt, James J Jeter, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, Matthew Ackley, Sharon Ruth Driscoll and Todd Donald Wohler.
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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 $71.09.

Ritchie Bros. Auctioneers (NYSE:RBA) has a market capitalization of $7.88 billion and generates $1.42 billion in revenue each year. The business services provider earns $151.87 million in net income (profit) each year or $2.64 on an earnings per share basis.

The company employs 2,700 workers across the globe.

Ritchie Bros. Auctioneers was founded in 1958.

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 (778) 331-5500, via email at ir@rbauction.com, or via fax at 778-331-5501.