Brokerages expect Ritchie Bros. Auctioneers Inc (NYSE:RBA) (TSE:RBA) to post $142.11 million in sales for the current quarter, according to Zacks. Six analysts have provided estimates for Ritchie Bros. Auctioneers’ earnings, with estimates ranging from $124.00 million to $148.62 million. Ritchie Bros. Auctioneers reported sales of $124.50 million in the same quarter last year, which indicates a positive year over year growth rate of 14.1%. The business is expected to announce its next quarterly earnings results on Thursday, May 3rd.
According to Zacks, analysts expect that Ritchie Bros. Auctioneers will report full year sales of $142.11 million for the current financial year, with estimates ranging from $641.00 million to $691.79 million. For the next financial year, analysts anticipate that the business will report sales of $729.62 million per share, with estimates ranging from $671.70 million to $767.50 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Ritchie Bros. Auctioneers.
Ritchie Bros. Auctioneers (NYSE:RBA) (TSE:RBA) last released its quarterly earnings results on Monday, February 26th. 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. Ritchie Bros. Auctioneers had a return on equity of 12.15% and a net margin of 12.29%. The company had revenue of $178.80 million for the quarter, compared to analyst estimates of $171.97 million. During the same period in the previous year, the company posted $0.30 earnings per share. The firm’s revenue was up 21.8% on a year-over-year basis.
Ritchie Bros. Auctioneers (NYSE:RBA) traded down $0.63 during midday trading on Tuesday, hitting $30.22. The company had a trading volume of 579,450 shares, compared to its average volume of 926,296. The company has a quick ratio of 1.21, a current ratio of 1.31 and a debt-to-equity ratio of 1.06. Ritchie Bros. Auctioneers has a one year low of $24.08 and a one year high of $35.17. The company has a market capitalization of $3,243.45, a price-to-earnings ratio of 37.77, a PEG ratio of 3.09 and a beta of 0.64.
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 9th. Shareholders of record on Friday, February 16th were paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Thursday, February 15th. Ritchie Bros. Auctioneers’s payout ratio is 98.55%.
Large investors have recently made changes to their positions in the business. Zions Bancorporation purchased a new position in Ritchie Bros. Auctioneers during the third quarter valued at $127,000. Comerica Bank purchased a new position in Ritchie Bros. Auctioneers during the fourth quarter valued at $217,000. ETRADE Capital Management LLC purchased a new position in Ritchie Bros. Auctioneers during the third quarter valued at $218,000. Dynamic Technology Lab Private Ltd purchased a new position in Ritchie Bros. Auctioneers during the third quarter valued at $287,000. Finally, Jane Street Group LLC purchased a new position in Ritchie Bros. Auctioneers during the fourth quarter valued at $323,000.
COPYRIGHT VIOLATION WARNING: This piece was published by Ticker Report and is owned by of Ticker Report. If you are viewing this piece on another website, it was illegally copied and reposted in violation of United States and international copyright & trademark laws. The original version of this piece can be accessed at https://www.tickerreport.com/banking-finance/3300588/142-11-million-in-sales-expected-for-ritchie-bros-auctioneers-inc-rba-this-quarter.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.