Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) announced its quarterly earnings results on Monday. The business services provider reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.21 by $0.05, Briefing.com reports. Ritchie Bros. Auctioneers had a return on equity of 13.04% and a net margin of 11.43%. The firm had revenue of $178.80 million during the quarter, compared to analyst estimates of $171.97 million. During the same quarter in the previous year, the business earned $0.30 EPS. Ritchie Bros. Auctioneers’s revenue for the quarter was up 21.8% compared to the same quarter last year.
Ritchie Bros. Auctioneers (NYSE RBA) traded up $1.04 during mid-day trading on Monday, reaching $33.38. The company had a trading volume of 897,869 shares, compared to its average volume of 617,565. The company has a current ratio of 1.20, a quick ratio of 1.11 and a debt-to-equity ratio of 1.11. Ritchie Bros. Auctioneers has a 12 month low of $24.08 and a 12 month high of $34.60. The firm has a market cap of $3,466.36, a PE ratio of 38.50, a price-to-earnings-growth ratio of 3.40 and a beta of 0.66.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Investors of record on Friday, February 16th will be issued a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.04%. The ex-dividend date is Thursday, February 15th. Ritchie Bros. Auctioneers’s payout ratio is 111.48%.
In related news, insider Karl William Werner sold 5,400 shares of Ritchie Bros. Auctioneers stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $28.68, for a total value of $154,872.00. Following the sale, the insider now directly owns 5,400 shares in the company, valued at approximately $154,872. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.39% of the company’s stock.
TRADEMARK VIOLATION WARNING: “Ritchie Bros. Auctioneers (RBA) Releases Quarterly Earnings Results, Beats Estimates By $0.05 EPS” was originally published by Ticker Report and is owned by of Ticker Report. If you are accessing this article on another domain, it was stolen and republished in violation of US & international copyright law. The correct version of this article can be viewed at https://www.tickerreport.com/banking-finance/3224255/ritchie-bros-auctioneers-rba-releases-quarterly-earnings-results-beats-estimates-by-0-05-eps.html.
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.
Receive News & Ratings for Ritchie Bros. Auctioneers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers and related companies with MarketBeat.com's FREE daily email newsletter.