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

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. It sells a range of used and unused commercial assets, including earthmoving equipment, truck tractors and trailers, government surplus, oil and gas equipment, and other industrial assets, as well as construction and heavy machinery. The company also offers live auction events with online bidding. It sells used equipment to its customers through live unreserved auctions at 40 auction sites worldwide. The company serves construction, transportation, agriculture, energy, oil and gas, mining, and forestry sectors. It operates in the United States, Canada, Australia, the United Arab Emirates, the Netherlands, Europe, the Middle East, Asia, and internationally. Ritchie Bros. Auctioneers Incorporated was founded in 1958 and is headquartered in Burnaby, Canada.

Ritchie Bros. Auctioneers Stock Performance

RBA traded up C$1.31 during midday trading on Tuesday, reaching C$90.07. The company had a trading volume of 167,078 shares, compared to its average volume of 190,091. The company has a debt-to-equity ratio of 141.24, a quick ratio of 0.88 and a current ratio of 1.21. The stock has a market cap of C$9.98 billion and a PE ratio of 25.88. Ritchie Bros. Auctioneers has a 12-month low of C$62.02 and a 12-month high of C$94.96. The business has a 50-day moving average price of C$83.62 and a two-hundred day moving average price of C$76.93.

Ritchie Bros. Auctioneers (TSE:RBA - Get Rating) (NYSE:RBA) last announced its quarterly earnings results on Thursday, August 4th. The company reported C$0.61 EPS for the quarter, missing analysts' consensus estimates of C$0.64 by C($0.03). The company had revenue of C$618.46 million for the quarter, compared to the consensus estimate of C$569.74 million. On average, sell-side analysts expect that Ritchie Bros. Auctioneers will post 2.5200002 earnings per share for the current fiscal year.

Ritchie Bros. Auctioneers Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 14th. Investors of record on Wednesday, August 24th will be paid a dividend of $0.345 per share. This is a boost from Ritchie Bros. Auctioneers's previous quarterly dividend of $0.32. This represents a $1.38 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, August 23rd. Ritchie Bros. Auctioneers's dividend payout ratio is presently 28.74%.

Wall Street Analysts Forecast Growth

RBA has been the subject of a number of recent analyst reports. Royal Bank of Canada upped their price objective on shares of Ritchie Bros. Auctioneers from C$67.00 to C$73.00 and gave the stock an "outperform" rating in a research report on Monday. National Bankshares cut shares of Ritchie Bros. Auctioneers to a "sell" rating and set a C$56.00 target price on the stock. in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of C$68.00.