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

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Ritchie Bros. Auctioneers in the last twelve months. There are currently 1 sell rating, 5 hold ratings and 5 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.
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11 Wall Street analysts have issued twelve-month price objectives for Ritchie Bros. Auctioneers' stock. Their RBA share price forecasts range from $55.00 to $67.00. On average, they expect the company's stock price to reach $61.44 in the next year. This suggests a possible upside of 12.9% from the stock's current price.
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Ritchie Bros. Auctioneers' stock was trading at $57.83 on January 1st, 2023. Since then, RBA shares have decreased by 5.9% and is now trading at $54.43.
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The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our RBA earnings forecast.

Ritchie Bros. Auctioneers Incorporated (NYSE:RBA) issued its quarterly earnings results on Tuesday, February, 21st. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.10. The business services provider had revenue of $443.86 million for the quarter, compared to analysts' expectations of $430.21 million. Ritchie Bros. Auctioneers had a net margin of 18.44% and a trailing twelve-month return on equity of 25.58%. Ritchie Bros. Auctioneers's revenue was up 23.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 EPS.

Ritchie Bros. Auctioneers declared a -- dividend on Monday, January 23rd. Stockholders of record on Friday, March 17th will be paid a dividend of $1.08 per share on Tuesday, March 28th. This represents a dividend yield of 1.8%. The ex-dividend date is Tuesday, March 21st.
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 1.99%. 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 37.76%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, RBA will have a dividend payout ratio of 41.54% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for RBA.

Ritchie Bros. Auctioneers updated its fourth quarter 2022 earnings guidance on Tuesday, February, 14th. The company provided EPS guidance of for the period. The company issued revenue guidance of $444.00 million-$444.00 million, compared to the consensus revenue estimate of $416.75 million.

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 ArrowMark Colorado Holdings LLC (3.88%), Luxor Capital Group LP (3.79%), Riverbridge Partners LLC (3.68%), Eagle Asset Management Inc. (3.31%), Fiera Capital Corp (2.22%) and Vontobel Asset Management Inc. (2.16%). Insiders that own company stock include Ann Fandozzi, Christopher Zimmerman, Darren Jeffrey Watt, James J Jeter, James J Jeter, Karl William Werner, Kieran Colquhoun Holm, Matthew Ackley 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 $54.43.

Ritchie Bros. Auctioneers (NYSE:RBA) has a market capitalization of $6.05 billion and generates $1.73 billion in revenue each year. The business services provider earns $319.66 million in net income (profit) each year or $2.86 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 (778) 331-5500, via email at ir@rbauction.com, or via fax at 778-331-5501.