RB Global (RBA) Scheduled to Post Quarterly Earnings on Thursday

RB Global (TSE:RBA) (NYSE:RBA) will post its quarterly earnings results after the market closes on Thursday, May 9th. Analysts expect RB Global to post earnings of C$0.99 per share for the quarter.

RB Global (TSE:RBA) (NYSE:RBA) last released its quarterly earnings results on Friday, February 23rd. The company reported C$0.56 earnings per share for the quarter, meeting analysts’ consensus estimates of C$0.56. The business had revenue of C$1.42 billion for the quarter, compared to the consensus estimate of C$1.41 billion. RB Global had a net margin of 5.61% and a return on equity of 6.06%.

RB Global Trading Up 1.9 %

Shares of TSE:RBA opened at C$98.54 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.00 and a debt-to-equity ratio of 86.55. The stock has a market capitalization of C$18.06 billion, a PE ratio of 69.39, a P/E/G ratio of 2.43 and a beta of 0.87. RB Global has a 1 year low of C$68.80 and a 1 year high of C$105.42. The firm has a fifty day moving average price of C$101.53 and a 200 day moving average price of C$92.79.

RB Global Cuts Dividend

The business also recently declared a 1 dividend, which was paid on Friday, February 9th. Stockholders of record on Friday, January 1st were paid a dividend of $1.431 per share. The ex-dividend date of this dividend was Friday, March 1st. RB Global’s dividend payout ratio (DPR) is presently 103.52%.

Insider Activity at RB Global

In other news, Senior Officer Baron Concors sold 15,658 shares of RB Global stock in a transaction dated Tuesday, February 27th. The stock was sold at an average price of C$76.80, for a total value of C$1,202,534.40. Following the transaction, the insider now directly owns -205 shares in the company, valued at C($15,744). 0.30% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Separately, Scotiabank raised their price objective on RB Global from C$74.00 to C$76.00 and gave the company an “outperform” rating in a research note on Tuesday, February 6th.

RB Global Company Profile

RB Global, Inc, an omnichannel marketplace, provides insights, services, and transaction solutions for buyers and sellers of commercial assets and vehicles worldwide. Its marketplace brands include Ritchie Bros., an auctioneer of commercial assets and vehicles offering online bidding; IAA, a digital marketplace connecting vehicle buyers and sellers; Rouse Services, which provides asset management, data-driven intelligence, and performance benchmarking system; SmartEquip, a technology platform that supports customers' management of the equipment lifecycle; and Veritread, an online marketplace for heavy haul transport solution.