Research Desk Line-up: Moody's Post Earnings Coverage
LONDON, UK / ACCESSWIRE / November 13, 2017 / Pro-Trader Daily takes a look at the latest corporate events and news making the headlines for Ritchie Bros. Auctioneers Inc. (NYSE: RBA) ("Ritchie Bros"), following which we have published a free report that can be viewed by signing up at http://protraderdaily.com/optin/'symbol=RBA. The Company announced on November 10, 2017, that it has sold more than 3,800 equipment items and trucks for US$44+ million at its Houston, TX auction site in the last week. For immediate access to our complimentary reports, including today's coverage, register for free now at:
http://protraderdaily.com/register/
Discover more of our free reports coverage from other companies within the Business Services industry. Pro-TD has currently selected Moody's Corporation (NYSE: MCO) for due-diligence and potential coverage as the Company announced on November 02, 2017, its financial results for Q3 2017 and also provided its current outlook for the full year 2017. Tune in to our site to register for a free membership, and be among the early birds that get our report on Moody's when we publish it.
At Pro-TD, we make it our mission to bring you news that matter about the stock you follow. Today, our research desk covers a blog story on RBA; also brushing on MCO. Go directly to your stock of interest and access today's free coverage at:
http://protraderdaily.com/optin/'symbol=RBA
http://protraderdaily.com/optin/'symbol=MCO
Auction Details
The Company stated that in the two-day auction held on November 08 and 09, 2017, more than 4,900 people from 56 countries registered to bid, including 3,350+ online bidders. The online bidders purchased 56%, or US$25+ million, of the equipment. US buyers purchased 82%, including 44% purchased by Texas buyers. International buyers from Germany, Indonesia, and New Zealand purchased 18% of the equipment.
Equipment in the Houston auction was sold for 590+ owners. The selection included 120+ excavators, 75+ compactors, 55+ skid steers, 50+ loaders, 50+ dozers, 50+ cranes, 335+ truck tractors, 265 trailers, and many more. All items were sold without minimum bids or reserve prices.
Ritchie Bros Achieved Solid Pricing on Both Days of Auction
Alan McVicker, Regional Sales Manager of Ritchie Bros, stated that with strong attendance both onsite and online, the Company has achieved solid pricing on both days of the auction. McVicker thanked all the consignors and buyers and informed that the final Texas auction of 2017 will be in Fort Worth on December 13 and 14, and IronPlanet weekly featured auctions will continue through the rest of the year.
Ritchie Bros' Houston Auctions in 2017
- On February 15 and 16, 2017, Ritchie Bros conducted its first multi-day auction of 2017 in Houston, Texas. More than 4,400+ equipment items and trucks were sold in the auction for US$42+ million.
- The second Houston auction was conducted in April 2017. More than 4,392 equipment items and trucks were sold in the auction.
- Ritchie Bros conducted its third Houston auction in June 2017, selling 4,700+ equipment items and trucks for US$46+ million. Over two action-packed days, June 21 and 22, 2017, more than 4,250 people from 57 countries registered to bid in the auction, including 2,850+ people who registered to bid online.
- In August 2017, the Company conducted its fourth Houston auction, selling 3,700+ equipment items and trucks for US$49+ million over two days, August 23 and 24, 2017, and set a new site record for online sales. More than 4,500 people from 58 countries registered to bid in the auction, including 3,000+ online bidders.
About Ritchie Bros. Auctioneers Inc.
Founded in 1958, Ritchie Bros is a global asset management and disposition Company, offering customers end-to-end solutions for buying and selling used heavy equipment, trucks, and other assets. Headquartered in Vancouver, BC, Canada, the Company also offers sector-specific solutions including GovPlanet, TruckPlanet, and Kruse Energy Auctioneers, plus equipment financing and leasing through Ritchie Bros.
Last Close Stock Review
At the close of trading session on Friday, November 10, 2017, Ritchie Bros. Auctioneers' stock price tumbled 10.07% to end the day at $25.36. A total volume of 3.17 million shares were exchanged during the session, which was above the 3-month average volume of 552.88 thousand shares. The Company's shares are trading at a PE ratio of 41.44 and have a dividend yield of 2.68%. At Friday's closing price, the stock's net capitalization stands at $3.02 billion.
Pro-Trader Daily:
Pro-Trader Daily (Pro-TD) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. PRO-TD has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles, and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
PRO-TD has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email contact@protraderdaily.com. Rohit Tuli, a CFA® charter-holder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by PRO-TD. PRO-TD is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
PRO-TD, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. PRO-TD, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, PRO-TD, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither PRO-TD nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://protraderdaily.com/disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: contact@protraderdaily.com
Phone number: (917) 341.4653
Office Address: Mainzer Landstrasse 50 Frankfurt am Main, Germany 60325
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Pro-Trader Daily
