Ritchie Bros. Auctioneers Inc (RBA) Expected to Earn Q2 2017 Earnings of $0.37 Per Share

Ritchie Bros. Auctioneers Inc (TSE:RBA) (NYSE:RBA) – Investment analysts at National Bank Financial reduced their Q2 2017 earnings per share (EPS) estimates for Ritchie Bros. Auctioneers in a note issued to investors on Wednesday. National Bank Financial analyst M. Sytchev now forecasts that the company will earn $0.37 per share for the quarter, down from their previous forecast of $0.41. National Bank Financial currently has a “Sector Perform Under Weight” rating on the stock. National Bank Financial also issued estimates for Ritchie Bros. Auctioneers’ FY2017 earnings at $1.18 EPS and FY2018 earnings at $1.54 EPS.

Several other analysts have also recently weighed in on the company. Scotiabank cut Ritchie Bros. Auctioneers to an “outperform” rating and set a C$44.00 price objective on the stock. in a research report on Monday, March 20th. Raymond James Financial, Inc. dropped their price target on Ritchie Bros. Auctioneers from C$37.50 to C$33.50 and set a “market perform” rating on the stock in a research report on Monday, May 8th. Royal Bank Of Canada dropped their price target on Ritchie Bros. Auctioneers to C$55.50 and set an “outperform” rating on the stock in a research report on Monday, May 15th. Barrington Research reissued a “market perform” rating on shares of Ritchie Bros. Auctioneers in a research report on Wednesday, May 10th. Finally, TD Securities boosted their price target on Ritchie Bros. Auctioneers from C$31.00 to C$37.50 and gave the stock a “reduce” rating in a research report on Monday, April 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. Ritchie Bros. Auctioneers presently has a consensus rating of “Hold” and a consensus target price of C$39.50.

WARNING: This piece of content was originally published by BBNS and is the property of of BBNS. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://baseballnewssource.com/markets/ritchie-bros-auctioneers-inc-rba-expected-to-earn-q2-2017-earnings-of-0-37-per-share-updated-updated-updated/1195247.html.

Shares of Ritchie Bros. Auctioneers (TSE:RBA) opened at 34.81 on Friday. The stock has a market capitalization of $3.72 billion and a P/E ratio of 51.19. Ritchie Bros. Auctioneers has a 52 week low of $34.28 and a 52 week high of $52.88. The stock has a 50 day moving average price of $41.06 and a 200 day moving average price of $42.97.

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)

Receive News & Ratings for Ritchie Bros. Auctioneers Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Ritchie Bros. Auctioneers Inc and related companies with our FREE daily email newsletter.

 


Latest News

Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Miami’s Giancarlo Stanton Sets Marlins Home Run Record
Bryce Harper Latest Star to Suffer Injury
Bryce Harper Latest Star to Suffer Injury
Chicago Cubs Must Survive Without Willson Contreras
Chicago Cubs Must Survive Without Willson Contreras
Cleveland Indians Acquire Jay Bruce From New York Mets
Cleveland Indians Acquire Jay Bruce From New York Mets
Injury to CC Sabathia Adds to Yankees’ Concerns
Injury to CC Sabathia Adds to Yankees’ Concerns
Darren Daulton Former Catcher with Phillies Dies
Darren Daulton Former Catcher with Phillies Dies


Leave a Reply

 
© 2006-2017 BBNS.