Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) – Stock analysts at Jefferies Group issued their FY2020 earnings per share (EPS) estimates for Ritchie Bros. Auctioneers in a research note issued on Wednesday. Jefferies Group analyst S. Volkmann anticipates that the business services provider will earn $1.30 per share for the year. Jefferies Group has a “Hold” rating and a $30.00 price target on the stock.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last announced its quarterly earnings data on Monday, February 26th. The business services provider reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.21 by $0.05. The firm had revenue of $178.80 million during the quarter, compared to the consensus estimate of $171.97 million. Ritchie Bros. Auctioneers had a return on equity of 12.15% and a net margin of 12.29%. The business’s revenue for the quarter was up 21.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.30 EPS.
Shares of Ritchie Bros. Auctioneers (NYSE:RBA) traded down $0.25 during trading hours on Thursday, reaching $32.14. The company’s stock had a trading volume of 892,180 shares, compared to its average volume of 672,868. The company has a market cap of $3,531.09, a P/E ratio of 46.61, a PEG ratio of 3.43 and a beta of 0.66. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.31 and a quick ratio of 1.11. Ritchie Bros. Auctioneers has a 52-week low of $24.08 and a 52-week high of $35.17.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 16th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, February 15th. This represents a $0.68 annualized dividend and a dividend yield of 2.12%. Ritchie Bros. Auctioneers’s payout ratio is 98.55%.
In other news, insider Karl William Werner sold 5,400 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $28.68, for a total transaction of $154,872.00. Following the completion of the transaction, the insider now owns 5,400 shares in the company, valued at approximately $154,872. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.39% of the stock is currently owned by corporate insiders.
Several hedge funds have recently bought and sold shares of the company. Burgundy Asset Management Ltd. grew its stake in shares of Ritchie Bros. Auctioneers by 37.1% during the 4th quarter. Burgundy Asset Management Ltd. now owns 6,190,152 shares of the business services provider’s stock worth $185,271,000 after acquiring an additional 1,674,728 shares during the period. Champlain Investment Partners LLC grew its stake in shares of Ritchie Bros. Auctioneers by 8.3% during the 4th quarter. Champlain Investment Partners LLC now owns 6,100,585 shares of the business services provider’s stock worth $182,591,000 after acquiring an additional 469,370 shares during the period. CGOV Asset Management grew its stake in shares of Ritchie Bros. Auctioneers by 11.2% during the 4th quarter. CGOV Asset Management now owns 5,007,325 shares of the business services provider’s stock worth $188,435,000 after acquiring an additional 504,959 shares during the period. Riverbridge Partners LLC grew its stake in shares of Ritchie Bros. Auctioneers by 44.2% during the 4th quarter. Riverbridge Partners LLC now owns 4,953,033 shares of the business services provider’s stock worth $148,244,000 after acquiring an additional 1,517,172 shares during the period. Finally, Mondrian Investment Partners LTD grew its stake in shares of Ritchie Bros. Auctioneers by 35.9% during the 3rd quarter. Mondrian Investment Partners LTD now owns 3,763,686 shares of the business services provider’s stock worth $148,477,000 after acquiring an additional 994,240 shares during the period.
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About Ritchie Bros. Auctioneers
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.
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