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

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last twelve months. There are currently 3 sell ratings, 3 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street 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.
View RBA analyst ratings or view top-rated stocks.

8 Wall Street 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 anticipate the company's stock price to reach $64.00 in the next year. This suggests a possible upside of 1.4% 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 $61.21 at the beginning of the year. Since then, RBA shares have increased by 3.1% and is now trading at $63.11.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our RBA earnings forecast.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) announced its quarterly earnings data on Thursday, August, 4th. The business services provider reported $0.48 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by $0.02. The business services provider had revenue of $484.55 million for the quarter, compared to analyst estimates of $438.96 million. Ritchie Bros. Auctioneers had a net margin of 18.78% and a trailing twelve-month return on equity of 27.06%.

Ritchie Bros. Auctioneers announced 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 1.71%. The ex-dividend date of this dividend is Tuesday, August 23rd. This is an increase 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 $1.08 per share and currently has a dividend yield of 1.73%. 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 40.91%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RBA will have a dividend payout ratio of 51.67% 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."

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 $63.11.

Ritchie Bros. Auctioneers (NYSE:RBA) has a market capitalization of $7.00 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' 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.