Q3 2017 EPS Estimates for Ritchie Bros. Auctioneers Inc Decreased by National Bank Financial (RBA)

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Equities research analysts at National Bank Financial lowered their Q3 2017 earnings per share estimates for Ritchie Bros. Auctioneers in a report released on Tuesday. National Bank Financial analyst M. Sytchev now anticipates that the company will earn $0.23 per share for the quarter, down from their prior estimate of $0.28. National Bank Financial has a “Sector Perform Under Weight” rating on the stock. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ Q4 2017 earnings at $0.36 EPS, FY2017 earnings at $1.16 EPS and FY2018 earnings at $1.51 EPS.

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Other equities analysts have also recently issued reports about the company. Raymond James Financial, Inc. lowered their price objective on Ritchie Bros. Auctioneers to C$38.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 11th. Scotiabank lowered their price target on Ritchie Bros. Auctioneers to C$41.00 and set an “outperform” rating on the stock in a report on Monday, July 10th. Royal Bank Of Canada lowered their price target on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a report on Monday, May 15th. Northcoast Research reissued a “neutral” rating on shares of Ritchie Bros. Auctioneers in a report on Friday, May 5th. Finally, Barrington Research reissued a “market perform” rating on shares of Ritchie Bros. Auctioneers in a report on Wednesday, May 10th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of C$39.50.

Shares of Ritchie Bros. Auctioneers (TSE:RBA) opened at 35.42 on Thursday. Ritchie Bros. Auctioneers has a 52-week low of $34.03 and a 52-week high of $52.88. The stock has a market capitalization of $3.79 billion and a P/E ratio of 52.09. The firm has a 50-day moving average price of $36.16 and a 200-day moving average price of $40.87.

Ritchie Bros. Auctioneers Company Profile

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.

Earnings History and Estimates for Ritchie Bros. Auctioneers (TSE:RBA)

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