National Bank Financial Comments on Ritchie Bros. Auctioneers Inc’s FY2019 Earnings (TSE:RBA)

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Investment analysts at National Bank Financial increased their FY2019 earnings estimates for Ritchie Bros. Auctioneers in a research note issued to investors on Tuesday, according to Zacks Investment Research. National Bank Financial analyst M. Sytchev now expects that the company will post earnings of $1.69 per share for the year, up from their prior forecast of $1.44. National Bank Financial has a “Outperform” rating and a $39.00 price objective on the stock.

Ritchie Bros. Auctioneers (TSE:RBA) (NYSE:RBA) last posted its quarterly earnings results on Thursday, November 9th. The company reported C$0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.18 by C($0.07). Ritchie Bros. Auctioneers had a return on equity of 5.77% and a net margin of 7.32%.

A number of other equities research analysts have also commented on the company. Raymond James Financial lowered their price target on Ritchie Bros. Auctioneers to C$36.00 and set a “market perform” rating for the company in a research report on Tuesday, October 10th. Scotiabank reissued an “outperform” rating and issued a C$42.50 price target on shares of Ritchie Bros. Auctioneers in a research report on Friday, October 20th. Finally, TD Securities decreased their target price on Ritchie Bros. Auctioneers to C$29.00 and set a “reduce” rating for the company in a research report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of C$38.33.

Ritchie Bros. Auctioneers (TSE:RBA) opened at C$39.26 on Friday. The stock has a market capitalization of $4,220.00, a P/E ratio of 51.66 and a beta of 0.26. Ritchie Bros. Auctioneers has a twelve month low of C$30.63 and a twelve month high of C$46.32.

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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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