Ritchie Bros. Continues to Expand Customer Base While Strengthening Online Channel
Ritchie Brothers improved gross transaction value 2% in the third quarter, increasing it to $1.04 billion from $1.02 billion in the same period in 2017. Revenue increased 8% to $245 million from $227 million year over year. Moreover, earnings per share increased an impressive 133% in the quarter to $0.21 from $0.09 in the prior year. Following solid third-quarter earnings and considering possible headwinds in North America, we are maintaining our fair value estimate of $30 (CAD 40).In the quart...
Ritchie Bros. Auctioneers sells industrial equipment and other assets for the construction, agricultural, transportation, energy, mining, forestry, material handling, marine and real estate industries at its unreserved auctions and online marketplaces. The auction items are sold during live on site auctions without a minimum or reserve price. Through EquipmentOne (Co.'s online marketplace), equipment sellers are able to list their equipment on the online marketplace, receive and accept offers, and complete and settle their sale. Co.'s other services include Private Treaty, in which Co. acts as a private sales agent and conduct negotiated sales of equipment items between buyers and sellers.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
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