Ritchie Bros Auctioneers Inc (NYSE: RBA) has reported earnings for its second fiscal quarter (ending June 30) of $0.55 versus $0.43 for the same period a year ago — an increase of 28%. However, this result fell short of the consensus estimate of $0.84 by $-0.29. For the latest four quarters through June 30, E.P.S. were $1.79 versus $1.09 for the same period a year ago — an increase of 64%.
Recent Price Action
On 8/6/24, Ritchie Bros Auctioneers Inc (NYSE: RBA) stock enjoyed a very large increase of 9.3%, closing at $78.42. NORMAL trading volume accompanied the advance. The stock has been strong relative to the market over the last nine months but has declined -1.7% during the last week.
Current PriceTarget Research Rating
RBA’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Ritchie Bros Auctioneers has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Ritchie Bros Auctioneers has a good Power Rating of 73 and a good Appreciation Score of 82, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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