Last $23.89 USD
Change Today -0.14 / -0.58%
Volume 226.8K
RBA On Other Exchanges
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As of 8:04 PM 08/28/14 All times are local (Market data is delayed by at least 15 minutes).

ritchie bros auctioneers (RBA) Snapshot

Open
$24.00
Previous Close
$24.03
Day High
$24.02
Day Low
$23.86
52 Week High
04/1/14 - $25.73
52 Week Low
10/15/13 - $18.08
Market Cap
2.6B
Average Volume 10 Days
304.8K
EPS TTM
$0.92
Shares Outstanding
107.3M
EX-Date
08/20/14
P/E TM
26.0x
Dividend
$0.56
Dividend Yield
2.22%
Current Stock Chart for RITCHIE BROS AUCTIONEERS (RBA)

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ritchie bros auctioneers (RBA) Details

Ritchie Bros. Auctioneers Incorporated sells industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine, and real estate industries through its unreserved auctions and online marketplaces. The company operates in two segments, Core Auction and EquipmentOne. The Core Auction segment operates a network of auction locations that conduct live and unreserved auctions with both on-site and online bidding. The EquipmentOne segment operates a secure online marketplace that facilitates private equipment transactions. The company primarily serves buyers and sellers of equipment, trucks, and other industrial assets; and retail buyers, such as contractors, as well as truck and equipment dealers, rental companies, and brokers. It operates from approximately 110 locations in 25 countries, including 44 auction sites. The company was founded in 1958 and is headquartered in Burnaby, Canada.

1,455 Employees
Last Reported Date: 08/5/14
Founded in 1958

ritchie bros auctioneers (RBA) Top Compensated Officers

Chief Financial Officer
Total Annual Compensation: $356.0K
Chief Strategic Development Officer
Total Annual Compensation: $367.0K
Chief Sales Officer
Total Annual Compensation: $470.5K
Compensation as of Fiscal Year 2013.

ritchie bros auctioneers (RBA) Key Developments

Ritchie Bros. Auctioneers Incorporated Declares Dividend for the Quarter Ended June 30, 2014, Payable on September 12, 2014

Ritchie Bros. Auctioneers Incorporated announced 7.7% increase in cash dividend for the quarter ended June 30, 2014. The quarterly cash dividend declared increases to $0.14 per common share, payable on September 12, 2014 to shareholders of record on August 22, 2014.

Ritchie Bros. Auctioneers Incorporated Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Full Year of 2014

Ritchie Bros. Auctioneers Incorporated reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company’s net earnings were $38.6 million, or $0.36 per diluted share, compared to net earnings of $29.8 million, or $0.28 per diluted share, for the three months ended June 30, 2013. This 30% increase is primarily the result of increased revenues and controlled SG&A expenses, combined with a reduction in the company's income tax rate. Revenues were $141.84 million compared to $128.32 million a year ago. Earnings from operations were $51.73 million compared to $41.64 million a year ago. Earnings before income taxes were $51.73 million compared to $41.3 million a year ago. Net cash generated by operating activities was $0.821 million compared to net cash used in operating activities of $9.5 million a year ago. Property, plant and equipment additions were $7.21 million compared to $9.5 million a year ago. Intangible asset additions were $3.05 million compared to $3.83 million a year ago. Adjusted net earnings were $38.61 million or $0.36 per diluted share, compared to $29.8 million or $0.28 per diluted share, a year ago. EBITDA was $62.71 million compared to $52.35 million a year ago. Increase in revenue for the quarter compared to the same period in 2013 was primarily as a result of an increase in gross auction proceeds. The industrial equipment auctioneer also boosted its quarterly revenues. For the six months, the company’s net earnings were $52.9 million, or $0.49 per diluted share, compared to net earnings of $43.8 million, or $0.41 per diluted share, for the six months ended June 30, 2013. This 21% increase is primarily the result of an increase in revenue combined with a reduction of income tax expense and an increase in foreign exchange gains recognized in other income. Revenues were $240.42 million compared to $230.38 million a year ago. Earnings from operations were $51.73 million compared to $41.64 million a year ago. Earnings before income taxes were $70.7 million compared to $61.71 million a year ago. Net cash generated by operating activities was $106.6 million compared to $146.38 million a year ago. Cash generated by operating activities can fluctuate significantly from period to period, due to factors such as differences in the timing, size and number of auctions during the period, the timing of the receipt of auction proceeds from buyers, and the timing of the payment of net amounts due to consignors. Property, plant and equipment additions were $13.97 million compared to $17.9 million a year ago. Intangible asset additions were $7.4 million compared to $8.4 million a year ago. Adjusted net earnings were $52.9 million or $0.49 per diluted share, compared to $43.78 million or $0.41 per diluted share, a year ago. EBITDA was $91.02 million compared to $84.28 million a year ago. The company provided capital expenditures guidance for the full year of 2014. The company anticipates that its capital expenditures will be in the range of $45 million to $50 million for 2014, for the development of the company's information systems as well as enhancements to the company's existing auction sites. The company still believed its current GAP revenue rate and earnings before tax growth guidance is appropriate for 2014, so it likely going to come in near the top of stated GAP range. The company stated on last earnings call that it expected GAP for 2014 to be in the range of $3.9 billion to $4.1 billion. It believe the revenue rate will fall within 11% to 12% range, and expect pretax adjusted earnings growth in the mid-single digits.

Ritchie Bros. Auctioneers Incorporated to Report Q2, 2014 Results on Aug 05, 2014

Ritchie Bros. Auctioneers Incorporated announced that they will report Q2, 2014 results at 9:00 AM, Eastern Standard Time on Aug 05, 2014

 

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Valuation RBA Industry Range
Price/Earnings 25.0x
Price/Sales 5.4x
Price/Book 3.5x
Price/Cash Flow 17.5x
TEV/Sales 4.4x
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